Bank First Green Personal Loan

A green personal loan with variable rates and terms up to 7 years. Interest charges and establishment fees apply.

Bank First’s Green Personal Loan can be used for the purchase of environmentally friendly products for your home. The products will have to have a minimum 5-star rating to qualify. This loan can be either secured or unsecured. The lender may request for loan security if required. Loan terms range up to 7 years.

No reviews yet. Write a review

Richard Fairbairn

Last Updated Jan 20, 2022

From 7.25% (variable)

Interest Rate (p.a.)

8.59%

Comparison Rate (p.a.)

$5,000

Min Loan Amount

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Product Name	Bank First Green Personal Loan
Interest Rate (p.a.)	From 7.25% (variable)
Comparison Rate (p.a.)	8.59%
Interest Rate Type	Variable
Min Loan Amount	$5,000

Pros

Environmentally friendly initiatives can save on utility bills
Flexible repayment options available, including free early repayments
Choice between variable and fixed rates

Cons

You could find lower rates for similiar products. Be sure to compare your options
Only suitable for environmentally friendly purchases

Richard Fairbairn

Richard Fairbairn is Finder’s associate publisher for personal loans. He is passionate about helping people make the best decisions with their money, and has experience in making educational content for both financial advisors and the everyday investor. Richard has a Bachelor of Arts in English and Philosophy from the University of New South Wales, as well as a Masters of Communication Management from the University of Technology Sydney. Away from his desk, Richard enjoys all things musical and camping, preferably both at once.

How does the Green Personal Loan work?

This loan is designed for the purchase of environmentally friendly products with a minimum 5-star rating. This is a variable rate loan, meaning that your interest rate will vary depending on the market rate. This could mean your interest payments may be higher or lower for some months than others. The minimum loan amount is $5,000, with a loan term up to 7 years.

What features does the Green Personal Loan offer?

Variable interest rate. Your rate is variable, and starts from 7.25% p.a. with a comparison rate of 8.59% p.a.
Secured and unsecured. Bank First may require security for this loan, but this will be assessed on a case by case basis.
Green personal loan. Suitable for green home improvement purchases.
Varying loan term. Between 1 to 7 years.
Flexible repayments. You can choose between weekly, fortnightly and monthly repayments.
Additional repayments. You can make additional repayments.
Free redraw with a $500 minimum. You won’t be charged for the redraw facility. The minimum redraw amount is $500.

How much does the Green Personal Loan cost?

There are a number of costs associated with Bank First’s Green Personal Loan. These include:

Variable interest rate of 7.25% p.a.
Establishment fee of $195

The comparison rate, which includes both the interest rate and fees is 8.59% p.a.

In addition to the above, you may be charged the following:

Arrears fee of $20. This fee will be charged if you don’t make your repayments on time.

Am I eligible for a Green Personal Loan?

To be eligible for this product, you will have to be at least 18 years of age or older. There will also be a credit assessment when you apply for this loan.

How do I apply?

You can apply for the loan online, through the Bank First website. The application will take around 10 minutes to complete. Keep all the required documents on hand to speed up the process. You can also call Bank First and apply over the phone.

Compare other personal loans

1 - 8 of 8

Name	Mobile details underline	Interest Rate (p.a.)	Comp. Rate (p.a.)	Rate Type	Application Fee	Monthly Fee
NOW Finance No Fee Unsecured Personal Loan Fixed, 18 Months - 7 Years, $5,000 - $50,000 Exclusive	18 Months - 7 Years, $5,000 - $50,000	5.95% to 19.95%	5.95% to 19.95%	Fixed	$0	$0	You'll receive a fixed rate between 5.95% p.a. and 19.95% p.a. based on your risk profile Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years. ⭐ Finder Exclusive: Apply and settle an unsecured personal loan of $30,000 or more to receive a $400 Westfield gift card. Ends on June 30 2022.	Go to site More Info	Compare	loading Fetching your data...
OurMoneyMarket Personal Loan Fixed, 1 - 7 Years, $2,001 - $75,000 Exclusive	1 - 7 Years, $2,001 - $75,000	5.25% to 20.99%	5.87% to 23.83%	Fixed	1.50% - 6% min. $250	$0	You'll receive a fixed rate from 5.25% p.a. to 20.99% p.a. based on your risk profile. A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation. ⭐ Finder Exclusive: Apply before 31st May 2022 to secure a 0.20% p.a. discount for the full term of your loan.	Go to site More Info	Compare	loading Fetching your data...
Harmoney Unsecured Personal Loan Fixed, 3 - 7 Years, $2,000 - $70,000	3 - 7 Years, $2,000 - $70,000	5.35% to 19.09%	6.14% to 19.99%	Fixed	$275 - $575	$0	You'll receive a fixed rate between 5.35% p.a. and 19.09% p.a. based on your risk profile. Apply for a loan up to $70,000 and repay your loan over 3, 5 or 7 years terms.	Go to site More Info	Compare	loading Fetching your data...
Wisr Personal Loan Fixed, 3 - 7 Years, $5,000 - $64,000	3 - 7 Years, $5,000 - $64,000	6.45% to 17.45%	7.27% to 17.86%	Fixed	$595	$0	You'll receive a fixed rate between 6.45% p.a. and 17.45% p.a. based on your risk profile A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.	Go to site More Info	Compare	loading Fetching your data...
Citi Personal Loan Plus Variable, 3 - 5 Years, $5,000 - $75,000	3 - 5 Years, $5,000 - $75,000	8.90%	9.18%	Variable	$199	$0	You'll receive a variable rate of 8.90% p.a. with a comparison rate of 9.18% p.a. if you're approved. A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. ⭐ Special offer: Monthly account service fee will be waived for applications submitted before 28 December 2022.	Go to site More Info	Compare	loading Fetching your data...
Latitude Personal Loan Fixed or Variable, 2 - 7 Years, $5,000 - $70,000	2 - 7 Years, $5,000 - $70,000	5.75% to 25.99%	6.68% to 29.20%	Fixed or Variable	0% - 5%	$13	You'll receive a fixed or variable rate between 5.75% p.a. and 25.99% p.a. based on your risk profile Apply for what you need from $5,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly. You can check your interest rate before applying with no impact to your credit score.	Go to site More Info	Compare	loading Fetching your data...
Plenti Personal Loan Fixed, 3 - 7 Years, $5,000 - $50,000	3 - 7 Years, $5,000 - $50,000	6.39% to 21.99%	6.39% to 22.79%	Fixed	$0 - $649	$0	You'll receive a fixed rate between 6.39% p.a. and 21.99% p.a. based on your risk profile. A flexible loan with amounts from $5,000 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.	Go to site More Info	Compare	loading Fetching your data...
Plenti Variable Rate Personal Loan Variable, 1 - 3 Years, $5,000 - $50,000	1 - 3 Years, $5,000 - $50,000	6.39% to 21.99%	6.39% to 22.79%	Variable	$0 - $649	$0	You'll receive a variable rate from 6.39% p.a and 21.99% p.a. based on your risk profile A flexible loan with amounts from $5,000 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.	Go to site More Info	Compare	loading Fetching your data...

Compare up to 4 providers

Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3, 5 or 7 years terms.

More info

ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

More info

NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

More info

SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 5.95% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

More info

Ask an expert

To ask a question simply log in via your email or create an account.

Click here to cancel reply.

Display Name

Your Email (will not be published)

Your Question

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

Ask a question

Feedback

Go to site

Loan Types

Read our reviews of other brands

I want

Calculators

Bank First Green Personal Loan