Choose the version of this loan that suits you best
| Loan type | Name | Min loan amount | Max loan amount | |
|---|---|---|---|---|
|
|
Fixed | Unsecured Green Personal Loan (Fixed) | $4,000 | $50,000 |
|
|
Variable | Unsecured Green Personal Loan (Variable) | $4,000 | $50,000 |
If you’re looking to make some sustainable changes to your home, the Commonwealth Bank Unsecured Green Personal Loan might catch your interest. Offering a discounted rate from CBA’s unsecured personal loans, this loan starts at 7.50% p.a. (8.90% p.a. comparison rate*), so going green is good for your wallet and for the environment.
The Commonwealth Bank Unsecured Green Personal Loan could be a great option for people looking to make some environmentally friendly additions to their lives and their homes. These can be used on solar panels, electric vehicles, battery packs, electric vehicle charging stations, solar hot water systems, and more.
Eligible sustainable purchases can score an interest rate starting from 7.50% p.a. (8.90% p.a. comparison rate*).
Loans can range from $4,000 - $50,000 and can be taken out for terms between 1-7 years with a flexible repayment schedule - weekly, fortnightly, or monthly. There is an upfront establishment fee of $250 and a monthly $15 service fee to keep in mind, so be prepared to pay those out of pocket.
You can make free additional repayments to this loan, but remember, if you opt for a fixed loan you will not have a redraw facility (variable loans do allow for redraw). There is also a $20 late payment fee, so remember to get your direct debit set up!
To qualify for the green discount you must use your loan buy or install eligible products including:
This loan could be good for borrowers looking to do some major renovations to make their home more environmentally friendly. It may also be an attractive option for those looking to buy an electric vehicle but looking to avoid a secured loan.
Make sure to check that your planned purchase meets CommBank’s eligibility criteria in terms of size and energy output, as all purchases are subject to their own terms and conditions. Any solar panels, inverters, and battery packs will need to be installed by a Clean Energy Council approved retailer or installer in order to be approved.
|
Fixed |
|
|
7.50% p.a. fixed |
|
|
8.90% p.a.based on $30,000 |
|
$250.00 |
|
|
$15.00 |
|
|
$20.00 |
|
|
$0.00 |
|
|
n/a |
|
$4,000.00 |
|
|
$50,000.00 |
|
|
1 Year |
|
|
7 Years |
|
|
Unsecured |
|
Green home improvements |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes |
|
|
no |
|
|
The loan purpose must be for an eligible clean energy product. Only electric or hybrid cars emitting <120g CO2 emissions per kilometre are eligible. |
|
|
none |
WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
|
Variable |
|
|
7.50% p.a.variable |
|
|
8.90% p.a.based on $30,000 |
|
$250.00 |
|
|
$15.00 |
|
|
$20.00 |
|
|
$0.00 |
|
|
n/a |
|
$4,000.00 |
|
|
$50,000.00 |
|
|
1 Year |
|
|
7 Years |
|
|
Unsecured |
|
Green home improvements |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes |
|
|
no |
|
|
The loan purpose must be for an eligible clean energy product. Only electric or hybrid cars emitting <120g CO2 emissions per kilometre are eligible. |
|
|
none |
WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Debt Consolidation
6.57% p.a.to 18.99% p.a.
7.19% p.a.to 19.39% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Clean Green Car Loan
7.69% p.a.
8.80% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Low Rate Personal Loan
9.14% p.a.to 11.19% p.a.
9.50% p.a.to 11.56% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years