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