Looking to fund a home renovation while going green? Then be sure to check out First Option Bank’s BeGreen Home Improvement Loan. This unsecured loan has a 8.04% p.a. variable interest rate (8.29% p.a. comparison rate*) that boasts a redraw facility and the option to make extra repayments when you’ve got a bit more room in the budget.
The First Option Bank’s BeGreen Home Improvement loan offers a loan term of 1-10 years and a 8.04% p.a. variable interest rate (8.29% p.a. comparison rate*).
Eligible customers could borrow as little as $2,000 for smaller projects, or as much as $100,000 for your needs. The 8.04% p.a. variable interest rate (8.29% p.a. comparison rate*) may be on the higher side as it’s an unsecured loan and you don’t have to put up an asset as collateral. However, you could score a more competitive deal with a 5.99% p.a. variable interest rate (6.23% p.a. comparison rate*) if you already have a First Option mortgage.
This green loan also comes with a tonne of handy features, such as a redraw facility and no monthly fees. It also allows you to make extra repayments if you’d like to pay off your loan sooner. Just be aware that there is an upfront fee of $175.
The First Option Bank BeGreen Home Improvement Loan might be worth considering if you already have a First Option mortgage, as you could get a competitive interest rate at 5.99% p.a. (6.23% comparison rate*).
While there aren’t any monthly fees to watch out for, keep in mind that there is an upfront fee of $175 you’ll need to factor into your budget.
|
Variable |
|
|
8.04% p.a.variable |
|
|
8.29% p.a.based on $30,000 |
|
$175.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
0 |
|
$2,000.00 |
|
|
$100,000.00 |
|
|
1 Year |
|
|
10 Years |
|
|
Unsecured |
|
Green home improvements, Home improvements |
|
|
Monthly |
|
|
yes |
|
|
yes |
|
|
none |
|
|
Receive a 5.99% interest rate if you already have a First Option home loan. |
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.
This product does not currently have any community reviews. Be the first to write one.
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
Clean Green Car Loan
7.69% p.a.
8.80% p.a.
$8.00