Green Personal Loan

Reduce your carbon footprint by funding your Green environmentally friendly project. The Green Personal Loan features a heavily discounted rate to encourage you to opt for greener solutions. If you’re looking to go solar, capture H2O in a water tank, double glaze or purchase environmentally friendlier appliances or solutions, this is the loan for you.

6.49 % p.a. Interest rate 6.63 % p.a. Comparison rate

Our Green Personal Loan can be used to finance the cost of environmentally friendly products.

Some examples of eligible products are:

Solar panels and systems including home batteries
Solar and heat pump hot water systems
Rainwater tanks
Certified double glazing for windows
Energy efficient white goods and appliances (minimum 4.5 star out of 6 or 6 star out of 10 rating)
Energy efficient electric heating (air conditioning, hydronic or heat pump system)
Insulation materials to reduce heating or cooling costs
Energy efficient lighting
Purchase and installation of home EV charger
Water efficient white goods and appliances (minimum 4.5 star rating out of 6)

Product Features:

Personal Loans
Minimum Loan Amount :	$1,000
Maximum loan amount :	$30,000
Loan period :	Up to 5 years
Redraw facility :	Yes
Minimum redraw amount :	No minimum
Repayments :	Weekly, fortnightly or monthly
Interest :	Calculated daily, charged monthly
Variable and lump sum repayments :	Yes
Top up facility :	Yes
Establishment Fee :	$100
Administration fee :	$0
Redraw fee :	$0
Early repayment fee :	$0

Competitive variable rate
Flexible repayment options
Loan term of up to 5 years

No monthly administration fee
Pay off your loan early with no penalty
Lending criteria applies

Fee redraw on additional repayments
Online Banking access
Achieve your financial goals sooner

How much would my repayments be?

You will need to adjust the interest rate using the slider tool to provide an indication of results.

Special Offers

What is a Green Personal Loan?
A green loan is specifically for environmentally friendly, sustainable, energy efficient products. Horizon's Green Personal Loan can help you save money by helping you have a more energy efficient home.

What is the difference between a green loan and a regular loan?
Horizon Bank's Green Personal Loan works in the same way our regular loans do. However, the green loan must meet an environmentally friendly criteria and, in turn, offers a discounted rate (versus our Budget Personal Loan) so making green choices around your home are more economical in the short and long term.

What can I use a green loan for?
A green loan can be used for environmentally friendly items that may increase energy efficiency or sustainability around your home. These can often help you reduce your energy bills. Here are some examples:

Solar panels
Solar water heating systems
EV in-home chargers
Rainwater tanks
Window double-glazing
Solar powered batteries
Solar system

If you're uncertain of eligibility, speak to one of our friendly team.

Footnotes:

¹ Horizon Bank reserves the right to determine whether a purchase is eligible for the Green Personal Loan.
² The comparison rate is calculated on a loan amount of $30,000 over a term of 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.