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Police Credit Union Solar Eco Loan

Interest rate from
5.99% p.a.
Comparison rate from*
5.99% p.a.based on $30,000
over 5 years
Upfront fee
$0

Mozo editorial review Police Credit Union Solar Eco Loan

Last updated: 14 November 2019.

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What's hot
  • 2019 Mozo Experts Choice Award winner
  • Variable interest rates from 5.99% (5.99% comparison rate*)
  • Zero fees
What's not
  • Loan must be used to purchase solar energy products
Mozo snapshot

If you’re on the hunt for a personal loan that’ll reward you for making a conscious effort to support a green future, then you might want to check out the Police Credit Union Solar Eco Loan. With low variable rates starting from 5.99% (5.99% comparison rate*) and zero fees, this 2019 Mozo Experts Choice Award winner is light on the wallet! 

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Key features

Although they originally started as an institution for the South Australia police, Police Credit Union are now open to all types of members. And if you’re interested in purchasing solar panels, a home battery system or even an electric vehicle, the Police Credit Union Solar Eco Loan might be worth a look. 

Not only do variable rates start from a low 5.99% (5.99% comparison rate*), you’ll pay zero fees over the life of the loan! That’s right, no application fee, no ongoing fees and no exit fees. You won’t even be penalised for making a late repayment! Unlimited additional repayments and redraw are also on offer, plus you’ll have your choice of weekly, fortnightly or monthly repayments. 

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Who is it good for

The Police Credit Union Solar Eco Loan could be a great pick for Aussies looking to give their home or car an eco-friendly upgrade. 

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Any catches

While this loan does come with a low variable, just keep in mind that you’ll only be eligible if you plan on purchasing solar energy products. 



Details

Rates and fees information correct as at 12 July 2020. 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

  • 5.99% p.a.variable

  • 5.99% p.a.based on $30,000
    over 5 years

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.0

Other financial bits
  • $5,000.00

  • none

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • Must be used to purchase solar energy products such as solar photovoltaic (P.V.) panels, home battery systems and solar water heaters.

  • none

*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. WARNING: 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 Police Credit Union personal loans rated by the Mozo community?

Overall customer rating
7.5/10
Price
7.1/10
Features
6.0/10
Customer service
7.0/10
Convenience
7.3/10
Trust
7.6/10
Police Credit Union

About Police Credit Union

Police Credit Union SA/NT provides its members with flexible and fair rate financial products, offering term deposits, savings accounts, home loans, personal loans, debt consolidation, and financial planning services.

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