South West Slopes Bank Greener Futures Loan
- Interest Rate (p.a.)
- 8.35%
- Comp. Rate (p.a.)
- 8.35%
- Min Loan Amount
- $2,000
Summary
Go green with zero fees. Interest charges apply.
The South West Slopes Bank offers a green personal loan with zero fees. This loan comes with no application, account keeping or establishment fees. You’ll only have to make interest payments, which come in at 8.35% p.a. The loan funds can be used for energy efficient or environmentally friendly products for your home, including solar power products and energy efficient whitegoods.
Details
Product details
| Product Name | South West Slopes Bank Greener Futures Loan |
| Interest Rate (p.a.) | 8.35% |
| Comp. Rate (p.a.) | 8.35% |
| Interest Rate Type | Variable |
| Min Loan Amount | $2,000 |
| Max. Loan Amount | $20,000 |
| Loan Security | Secured |
How does the Greener Futures Loan work?
This is a no-fee green personal loan which you can use to purchase energy efficient or environmentally friendly products. The loan funds can be used for solar power products, external awnings or shutters, grey water systems, double glazing or energy efficient white goods with 70% star ratings. No application, account keeping or establishment fees are charged. The loan comes with a maximum term of 5 years.
What features does the Greener Futures Loan offer?
- Green personal loan. Suitable for green home improvement purchases.
- No fee loan. You won't be charged any fees – only interest.
- Varying loan term. The maximum loan term is 5 years.
- Flexible repayments. You can choose between weekly, fortnightly and monthly repayments.
- Additional repayments. You can make unlimited additional repayments at no charge.
- Redraw facility. You have access to the redraw facility, at no charge.
- Other facilities available. You'll have access to direct debits, Internet banking, alerts, over the counter deposits and online statements.
How much does the Greener Futures Loan cost?
With this loan, you will only be charged interest at 8.35% p.a.. The comparison rate is also 8.35% p.a.
Am I eligible for a Greener Futures Loan?
To be eligible for a Greener Futures Loan, you need to be:
- Over the age of 18
- Living in Australia
- An Australian citizen or permanent resident
As part of the process, you’ll have to submit details of your income and any debts you have.
How do I apply for a Greener Futures Loan?
You can apply for the loan online, through the South West Slopes Bank website. The lender will contact you the following business day. Have all the required documents at hand to speed up the process.
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