Green personal loan
An unsecured loan for Australian residents to buy approved home solar, batteries, efficient heating, insulation and other green products.
Cette fiche est actuellement disponible en anglais.
Borrow AU$1,000–30,000 for up to five years, without providing an asset as security. You repay the loan with variable interest. The establishment fee is AU$100; there is no monthly administration fee, redraw fee or early repayment fee. Repayments can be weekly, fortnightly or monthly, and you can make additional or lump-sum repayments.
Eligible purchases include solar panels and home batteries, solar or heat-pump hot water systems, rainwater tanks, certified double-glazed windows, efficient electric heating, insulation, efficient lighting and the purchase and installation of a home electric-vehicle charger.
Eligibility
- You must be at least 18, live in Australia and meet Horizon Bank’s credit assessment criteria. The product requires bank membership; its personal loan FAQ says you can apply before joining and become a member if approved.
- Energy-efficient white goods and appliances must have at least 4.5 stars out of 6, or 6 stars out of 10. Water-efficient white goods and appliances must have at least 4.5 stars out of 6.
- Horizon Bank decides whether your purchase qualifies. The loan is not designed for people with a poor credit history, people seeking a home loan, or people seeking to provide an asset as security to reduce their interest rate.
How to apply
- Statut
- Candidatures au fil de l’eau
- Conditions de cette période de candidature
- Applicants must meet the bank’s lending and eligible-purchase criteria.[^c3][^c8]
Contact Horizon Bank on 1300 366 565 or use its contact page to reach a branch about applying for the Green Personal Loan. The bank distributes this loan through branches, online banking and branch telephone contact. A lender assesses and approves the application; the bank also checks whether the proposed purchase qualifies.
New customers can apply for a personal loan before becoming members and join if their application is approved.