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The goGreen Home Improvement Loan from bankmecu has a variable interest rate and flexible payment terms. This loan is offered to homes with a rating of seven or more as determined by the Australian Department of Climate Change's Nationwide House Energy Rating Scheme (NatHERS). All certified 'green' buildings must meet these requirements to be deemed sustainable and environmentally-friendly. bankmecu may require a check of your plans to ensure that potential purchases are sustainable. If they are found to be 'non-sustainable' the loan application may be denied. Interest rates are variable and start from 7.89% p.a.
From 7.89% (variable)
Interest Rate (p.a.)
8.92%
Comparison Rate (p.a.)
$5,000
Min Loan Amount
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As this loan allows and even encourages extra repayments without penalty, you are able to take this money out later on with an option for free redraw. bankmecu offers flexible repayment terms of weekly, fortnightly and monthly, letting you choose whichever option suits your budget.
A family repayment and eco-pause is also offered, but loans must be 12 months or older to be eligible for these kinds of pauses.
To be eligible for the variable rate home improvement loan from bankmecu you will need to have a good credit rating and be an Australian citizen or permanent resident. You will need to own a home or be in the process of building one. Click 'Go to Site' to begin the application process.
You must:
Other requirements
You must submit plans and other evidence that your home meets the NatHERS requirements to be approved for the loan. A photocopy for the deed to the house or land may be required, along with documents detailing your current financial situation and personal information. If you have questions about the application, you can submit your contact details to bankmecu directly and a consultant will contact you to assist you with the rest of the form.
You'll need to provide:
The goGreen Home Improvement Loan from bankmecu offers a way to pay to improve your home's sustainability without worrying about high interest rates and fees. To make sure that you are saving the most money, compare your loan options to ensure you end up with the best possible deal.