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Enjoy lower rates while lowering the emissions of your home

A great personalised rate* for green purchases
Including solar panels, battery packs, solar hot water systems and hot water heat pump systems.
$0 monthly fees
Enjoy having a little extra money in your pocket.
Unlimited extra repayments
Make extra repayments without any fee and pay your loan off sooner.
No penalties for early payout
Pay off your loan sooner without being charged a fee.

What is a green loan?

A green loan is a personal loan that’s used to buy products that reduce your home’s emissions. What does “green” mean to Great Southern Bank?

When tackling climate change, we believe individual efforts should be rewarded.

Our green loans offer personalised rates lower than our standard unsecured personal loans, making it easier and more affordable to make your home improvements. Plus, you’ll get all the clever features our personal loans have to offer, such as $0 monthly fees, unlimited extra repayments and a free redraw facility to help you save some money while you reduce the emissions from your home.

What can I use a green loan for?

If you're considering solar panels or battery packs for your home, a green loan could help make these items more financially friendly on your pocket.

Eligible green purchases**

Keep in mind your green purchase must be installed by an accredited installer. This helps ensure your home improvements meet all relevant Australian standards.

Estimate your personalised rate* and repayments

An ideal loan for a range of purposes. Learn about personal loan types
Available for new or used cars and motorbikes up to seven years old. Learn about personal loan types
Available for electric and hybrid cars up to seven years old. Learn about personal loan types
Available for eligible green purchases. Learn about personal loan types
Must be between $5,000 and $100,000.
Loan term (years)
Repayment frequency
Estimate your credit rating
Tell us what you think your credit rating may be and we can estimate your interest rate. What’s a credit score?
Estimated
repayments
$45
week
Estimated repayments
$45
week
Interest rate for good credit
X.XX
p.a.
Comparison rate1
X.XX
p.a.
This estimate is based on information you've provided. Your interest rate and repayments will be confirmed on assessment.
Apply now
Apply in 10 minutes
Your total repayments will be $XX,XXX. Your total interest will be $X,XXX.

The calculations provided are estimates only and are based upon the information entered by the user. The calculations do not include upfront or continuing credit fees and charges and do not constitute a loan application or variation to an existing facility, loan offer or loan approval.

Your contracted personal loan repayments will be set to a monthly frequency, meaning you will need to meet the agreed repayment amount by the due date stated on your loan contract each month. To meet this minimum monthly amount, you can however make repayments weekly or fortnightly.

Rates and fees

Rates
Fees
Rates
Interest rate range 6.74% p.a. to 19.24% p.a.
Comparison rate range2 6.99% p.a. to 19.52% p.a.
Fees
Monthly fee
$0
Early payout fee
$0
Security administration fee
$0
Establishment fee
$175
Total fees
$175
Start your application today
1. Apply online
It should take 10 minutes. Simply check if you qualify and begin the application process. Please note, you’ll need evidence (such as a tax invoice) to ensure your purchase is eligible.
2. Approvals
If approved, you will receive your loan contract to accept online.

3. Payment and installation
We’ll work with you, your suppliers and installers to arrange fast payment and installation. Then you pay off your loan in easy to manage repayments.
FAQs

Unsecured Green Loans explained

Have a question? Find the answers explained in easy-to-understand terms here.

What does 'green' mean to Great Southern Bank?

In line with Great Southern Bank’s 2022-24 Climate Action Plan, and our goal of achieving net zero emissions by 2040, we have developed a range of green loan products to support our customers who share our values and want to contribute to a better future, while continuing to meet their financial needs.

To be considered green, products financed through our green loans must be:

  • Hybrid and electric vehicles (via a car dealer and private seller)
  • Home charging stations (for electric and hybrid motor vehicle charging) - only when purchasing a hybrid or electric vehicle
  • Solar panels
  • Battery packs
  • Hot water heat pump
  • Solar hot water system
How do I prove I am buying an eligible solar or green product?

As part of the application process, you will be asked to provide reasonable evidence (including a tax invoice) to show that the loan will be used to buy an eligible product. The documentation can vary depending on what you are buying and installing; however, we’ll help you with this step and supply the relevant information during the approval process.

How do I find a New Energy Tech approved seller?
How do I find a Clean Energy Council accredited installer?

The Clean Energy Council has a list of accredited installers to help you find an installer or check if an installer is certified.

What is a personalised interest rate?

A personalised interest rate is an interest rate based on an assessment of your credit score. If you have an excellent credit score and a good history of repaying loans, credit cards and other bills, you’ll likely be offered a lower interest rate.

When you apply for a personal loan your individual situation and your credit score will be considered when calculating your personalised interest rate.

How do you calculate my rate?

The rate you are offered is calculated on your personal circumstances and credit history. A few different factors are considered, including:

  • your credit score
  • information provided in your application
  • existing loans
  • the loan amount and your perceived ability to repay the loan.

Don't forget the starting rate for our Unsecured Green Personal Loan is lower than our traditional Unsecured Personal Loan, so if you have a good credit history you could be rewarded with a low competitive rate.

How can I check my credit score?

You’re entitled to a free copy of your credit report every three months from a Credit Rating Bureau (CRB). The CRB must provide the report within 10 days of your request.

The three main Credit Rating Bureaus in Australia are:

What is a comparison rate?

A comparison rate is the interest rate, plus additional fees and charges you will be expected to pay over the loan term. As comparison rates indicate the true cost of a loan, they make it easier to decide which is best for you.

Can I make repayments on a weekly or fortnightly basis?

Yes. Your loan contract will be set up for monthly repayments initially, but if you prefer to pay in weekly or fortnightly instalments simply call us on 133 282 or drop into a branch and we can arrange this for you.

WHY CHOOSE US
We’re committed to doing business in ways that benefit our customers and the wider community.
We’re committed to climate action
We’ve committed to net zero by 2040 and we've outlined how we’ll get there in our 2022-24 Climate Action Plan. We’re also certified as carbon neutral by Climate Active.
We're socially responsible
We believe that all Australians should have access to affordable and stable housing and are taking action to help achieve this through our commitment to financial inclusion, reconciliation and partnering with like-minded community organisations.
We’re customer owned
That means no shareholders. Our profits go back into new products and clever ways to help you manage your money.

You might also be interested in

Green Car Loan

Enjoy reduced rates when buying an electric or hybrid vehicle.

Get in touch
We're here to help.
Call 133 282

Mon - Fri: 8:00am - 7:00pm (AEST)
Sat: 8:00am - 4:00pm (AEST)

Find a branch
Speak to one of our friendly staff at a branch near you.
Connect online
Chat to us or browse help topics and FAQs.
Important Information

Loans are issued by Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions and fees apply.

Rates current as at 8 May 2024 and subject to change.

Your loan contract will state the minimum monthly repayment amount. You can arrange with us to make repayments on a weekly or fortnightly basis.

1. Comparison rate examples are accurate for a personal loan amount of $30,000 secured loan over a term of 5 years. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

2. Comparison rate examples are accurate for a personal loan amount of $30,000 unsecured loan over a term of 5 years. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

The Outstanding Value – Excellent Credit Personal Loans Award considers only borrowers with an excellent credit profile (See Canstar’s Personal Loans Awards methodology at http://www.canstar.com.au/current-ratings-awards for more information).

*The rate you are offered is calculated based on your personal circumstances and credit history. A few different factors are considered, including:

  • Your credit score.
  • Information provided in your application.
  • Existing loans.
  • The loan amount and your perceived ability to repay the loan.

Your personalised rate won’t be confirmed until you receive an offer from us (if approved) and is subject change before your loan settles.

**Green eligibility criteria must be met as at loan approval date.