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Generation Green™ Personal Loan
With a 1.00%pa discount on the Bank’s current fixed rate personal loans, a Generation Green™ Personal Loan rewards you for your environmentally friendly purchases.
There are currently 12 environmentally friendly products that can be purchased with a Generation Green™ Personal Loan.
Double Glazing
Reduces heat loss and noise transmission through windows. |
Environmentally Friendly Vehicle
Any vehicle that achieves a 5 star environmental rating. These vehicles greatly reduce emissions and environmental impact. Ratings can be checked here. |
External Awnings
Effective way to keep your home cool, especially on North, East and West facing windows. |
Greywater Treatment System
Reduces need for freshwater and pressure on public water supplies. Monetary savings through reduced water bills. |
Insulation
Helps prevent temperature extremes within a dwelling. Monetary savings through reduced energy bills. |
Micro-hydro system*
Takes advantage of the continual flow of a water source such as a stream to harness energy for household purposes. |
Retrofit Kits
Solar collectors that can be connected to existing conventional off-peak electric hot water systems. |
Solar Hot Water Heaters
Can reduce a household's hot water bill by more than 60% each year. Reduces greenhouse gas emissions, a bi-product of standard energy production. |
Solar Power (Photovoltaic)*
A photovoltaic system converts light energy into electricity. These systems reduce dependence on fossil fuels and allow households to generate their own power. |
Water Storage Tanks
Reduces reliance on water storage dams as well as monetary savings through reduced water bills. |
White Goods & Appliances
Top Energy Saver Award winning white goods and appliances including:
- single phase air conditioners
- clothes dryers
- clothes washers
- diswashers
- fridges and freezers
A list of all Top Energy Saver Award winning white goods and appliances is available here. |
Wind Turbine*
Uses wind energy to reduce dependence on fossil fuels and allows households to generate their own power. |
Generation Green™ Personal Loan features |
| Minimum Loan Amount |
$2000 |
| Loan Term |
1 to 7 years |
| Interest Rate |
Fixed for the term of the loan |
| Interest Calculated |
Daily |
| Interest Debited |
Monthly |
| Payment Options |
Weekly, Fortnightly or Monthly |
| Redraw Facility |
Manual & Online redraw available |
| Statement |
Half yearly |
| Additional Payments |
Yes, unlimited |
| Additional Transaction Account Rebates |
Yes. Receive an Additional Transaction Account Rebate of $1.75 on ALL of your eligible Transaction Accounts**. |
Fees On Your Loan |
- Application Fee - $150.
- Document Preparation Fee - $100 (only if secured)
- Statutory fees and charges may apply
- Security Registration Fee (at the rate applicable in your state)
- Monthly Service Fee - Free
- Online Redraw Fee - Free
- In Branch Redraw Fee - $25
- Early Repayment Fee - $20
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Apply for a Personal Loan Online
* These types of power systems are generally connected to the main power grid, however, they can also be installed as a "Stand Alone" system. In this instance a generator is required as a back-up energy source in times of poor weather conditions. Batteries are also needed to store any excess energy for use when weather conditions are not conducive to energy production.
** Refer to our Schedule of Fees & Charges and
Transaction Account Rebates for more information on Transaction Account Rebates
and a list of eligible Transaction Accounts.
All applications | | |