Community First Bank logo

Community First Bank Green Loan

Advertiser disclosure
Interest rate from
6.54% p.a.
Comparison rate from
7.60% p.a.based on $30,000
over 5 years
Upfront fee
$249.00

Mozo editorial review Community First Bank Green Loan - last updated: 10 April 2024

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What's hot
  • Super low variable rate from 6.54% p.a. (7.59% p.a. comparison rate*)
  • Free extra repayments allowed, plus a free redraw facility
What's not
  • $249 application fee, monthly $10 service fee & $25 late payment fee
Mozo snapshot

If you’re on the lookout for a green-approved personal loan option? Then be sure to check out the Community First Bank Green Loan, which offers super low variable rates from 6.54% p.a. (7.59% p.a. comparison rate*), the ability to make free extra repayments, a free redraw facility, and so much more.

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Key features

The Community First Bank Green Loan hits the ground running with competitive variable rates from 6.54% p.a. (7.59% p.a. comparison rate*) on loan amounts between $1,000 to $50,000, with 1-10 year loan terms.

The loan is designed to help fund the cost of purchasing solar panels, hot water systems, external awnings and other eligible environmentally friendly products.

This loan comes with the choice of either weekly, repayment or monthly flexible repayment options, which means you can tailor your regular repayments to your usual pay cycle.

It’s an unsecured loan, so you won’t have to worry about potentially losing your car, house or any other expensive assets as you won’t need to put up any collateral against the loan.

Another great thing about this loan is that you’ll be able to make free extra repayments and even pay it off early without being charged an early loan repayment fee.

It also comes with a redraw facility, so you’ll be able to redraw on any extra repayments you’ve made should you need access to extra funds (it’s best to only do this in emergencies, though).

This loan comes with a few fees, such as a $249 application fee, $10 monthly service fee and $25 late payment fee if you’re late to make a repayment.

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Who is it good for

If you’re after a competitive personal loan to help cover the cost of purchasing eligible environmentally friendly products, then the Community First Bank Green Loan could be a great option to consider.

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Any catches

Keep in mind that the Community First Bank Green Loan comes with a $249 application fee, $10 monthly service fee and a $25 late payment fee should you ever miss a repayment.

Details

Rates and fees information correct as at 13 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Variable

6.54% p.a.variable

7.60% p.a.based on $30,000
over 5 years

Fees

$249.00

$10.00

$25.00

$0.00

$0.00

Other financial bits

$1,000.00

$50,000.00

1 Year

10 Years

Unsecured

Features

-

Weekly, Fortnightly, Monthly

yes

yes

Must be used for a variety of green products

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.

Customer Reviews

How are Community First Bank personal loans rated by the Mozo community?

Overall
8.7/10
Price
7.2/10
Features
6.9/10
Customer service
8.6/10
Convenience
7.5/10
Trust
8.5/10
Based on 14 Community First Bank personal loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest review of Community First Bank Green Loan Personal Loan

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