Green loan
Borrow AUD 5,000–40,000 without security for selected household improvements such as solar panels, batteries, insulation and double glazing.
Denne finansieringsmuligheten er foreløpig beskrevet på engelsk.
Australian Mutual Bank, a division of Teachers Mutual Bank Limited, provides this personal loan for selected green products and pays the supplier directly after approval.
Repay the amount you borrow, plus interest, over 1–7 years. The displayed interest rate is 7.10% a year as checked on 8 October 2026; it is variable, so the rate and repayments can change.
There are no establishment, annual or monthly account fees, and no early payout fee. You can make unlimited additional repayments. Contractual fees can change, and default interest applies to overdue repayments if a default rate is specified in your loan schedule.
Eligibility
- You must be at least 18, eligible for Teachers Mutual Bank Limited membership and pass its credit assessment. The bank assesses whether you can repay without substantial hardship; you need either regular income to meet repayments or a defined alternative plan for repaying the loan (called a “defined exit strategy” by the bank).
- New members using the Australian Mutual Bank route must be Australian citizens or permanent residents and provide identification showing their full name, date of birth and address.
- The purchase must be for personal, household or domestic purposes, rather than business use.
- Selected products include solar photovoltaic panels and systems, solar battery storage, energy-efficient lighting, home ventilation, water tanks, energy-efficient instantaneous hot water systems, grey-water recycling, insulation that reduces heating or cooling costs, double glazing that reduces noise and provides insulation, and solar appliances.
- The loan has a variable rate and requires repayment of the borrowed amount plus interest; it is not intended for fixed-rate certainty or interest-only repayments.
How to apply
- Status
- Løpende søknader
- Vilkår for søknadsrunden
- Membership eligibility and credit approval are required.
Use the Green Loan page’s online enquiry form or call Australian Mutual Bank on 13 61 91 to start. The form accepts enquiries from people who are not members; use the linked membership application to join if needed. Applications remain subject to the bank’s credit assessment.
Once approved, the bank pays the green-product supplier directly. Arrange for the personal-loan funds to be paid out within 30 days of the date at the top of the loan schedule unless the schedule sets another period or the bank agrees to a later date; otherwise the bank may terminate the contract.