Savvy Switch Green Personal Loan
Borrow for eligible home energy upgrades or an electric or plug-in hybrid vehicle if you live in Tasmania.
Tämän rahoitusmahdollisuuden kuvaus on toistaiseksi englanniksi.
The unsecured option can finance eligible products and their installation at your home without requiring an asset as security. The secured option is for buying a new or used eligible electric or plug-in hybrid vehicle, which you must offer as security for the loan.
Borrow from AUD 3,000 up to AUD 80,000. For unsecured loans, amounts above AUD 30,000 up to AUD 80,000 are considered case by case, subject to credit assessment and eligibility.
You repay the money borrowed plus interest. The published variable rates for new lending are 6.49% per year for the secured option and 7.49% per year for the unsecured option; they can change. The application fee is AUD 200, with no ongoing or annual fees.
The minimum repayment period is six months. You must meet the minimum monthly repayment in your contract, although you can arrange weekly, fortnightly or monthly payments. Extra repayments have no penalty. If you are ahead on repayments, you can withdraw those extra repayments again for free using redraw.
Eligibility
You must be at least 18 and meet Bank of us credit-assessment criteria. New customers must already live in Tasmania. The target-market documents allow some interstate customers, but the current new-customer route excludes people who are not Tasmanian residents.
Eligible purchases include:
- Electric or plug-in hybrid vehicles with a combined tailpipe carbon-dioxide rating below 150 grams per kilometre. Check the vehicle rating in the Australian Green Vehicle Guide.
- Energy-efficient appliances rated at least 4.5 stars out of 6, or 6 stars out of 10; televisions are excluded. Water-efficient appliances need at least 4.5 stars out of 6.
- Highly efficient electric heaters rated at least 5 stars out of 6. Gas, solar, hydronic or reverse-cycle air conditioners, split systems, evaporative coolers and zoned air conditioners need at least 4 stars out of 6 or 6 stars out of 10.
- Home insulation above the minimum level for your geographical area.
- Energy-efficient instantaneous hot-water systems, solar hot water, grey-water treatment, rainwater tanks and water pumps.
- Solar panels and systems, solar hydronic heat pumps, solar pool heaters and batteries that store solar energy, including Tesla Powerwall.
- Certified double-glazed windows, external awnings, home ventilation systems and LED lighting.
Provide a supplier quote, invoice or similar document confirming the purchase and expected cost.
How to apply
- Tila
- Jatkuva haku
- Hakukierroksen ehdot
- New customers must already live in Tasmania. Applications are subject to Bank of us credit assessment.
Check your purchase against Bank of us’s eligible-products list, choose the secured vehicle or unsecured home-upgrade option, and complete the online Savvy Switch application enquiry. The form accepts new customers and single or joint enquiries. A local lender will contact you during business hours to discuss your plans and gather any extra information needed to progress the application.
Have your current employer’s contact details and information about existing financial commitments ready. New customers must also complete identity verification, which can be done at a Bank of us retail store.