Bendigo Bank Unsecured Green Personal Loan
- Interest Rate (p.a.)
- 7.49%
- Comp. Rate (p.a.)
- 8.52%
- Min Loan Amount
- $2,000
Summary
Go green with this green personal loan. Interest charges and fees apply.
Bendigo Bank’s Unsecured Green Loan is a green personal loan. With it, you can finance the purchase of solar power systems, solar hot water, greywater treatment systems, or purchase energy-saving white goods. The loan comes with a fixed interest rate of 7.49% p.a. You will also be charged application fees and a monthly service fee.
Details
Product details
| Product Name | Bendigo Bank Unsecured Green Personal Loan |
| Interest Rate (p.a.) | 7.49% |
| Comp. Rate (p.a.) | 8.52% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $2,000 |
| Max. Loan Amount | $100,000 |
| Loan Security | Unsecured |
How does the Unsecured Green Personal Loan work?
This loan is a green personal loan you can use to purchase solar power systems, solar hot water, greywater treatment systems or to purchase energy-saving white goods. This is a fixed rate loan, meaning that your interest repayments will remain consistent throughout the lifetime of your loan. The minimum loan amount is $2,000, and the loan comes with a term between 1 to 7 years.
What features does the Green Personal Loan offer?
- Fixed interest rate. Your rate is fixed, and starts from 7.49% p.a. with a comparison rate of 8.52% p.a.
- Secured and unsecured. Bank First may require security for this loan, but this will be assessed on a case by case basis.
- Green personal loan. Suitable for green home improvement purchases.
- Varying loan term. Between 1-7 years.
- Flexible repayments. You can choose between weekly, fortnightly and monthly repayments.
- Additional repayments. You can make additional repayments.
- Free redraw with a $35 minimum. You won't be charged for the redraw facility. The minimum redraw amount is $35.
How much does the Green Personal Loan cost?
There are a number of costs associated with Bank First’s Green Personal Loan. These include:
- Fixed interest rate of 7.49% p.a.
- Establishment fee of
The comparison rate, which includes both the interest rate and fees is 8.52% p.a.
In addition to the above, you may be charged the following:
- Arrears fee of $35. This fee will be charged if you don't make your repayments on time.
Am I eligible for a Green Personal Loan?
To be eligible for this product, you will have to be at least 18 years of age or older. There will also be a credit assessment when you apply for this loan.
How do I apply?
You can apply for the loan online, through the Bank First website. The application will take around 10 minutes to complete. Keep all the required documents on hand to speed up the process. You can also call Bank First and apply over the phone.
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Rebecca Finder
Senior Money Writer
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