Green personal loan
An unsecured loan for Australian residents to buy approved home solar, batteries, efficient heating, insulation and other green products.
Questa opportunità è attualmente disponibile in inglese.
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
- Stato
- Aperto continuamente
- Restrizioni del bando
- 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.