Community First Credit Union Green Loan

Save your wallet and the environment with a green loan. Interest charges and fees apply.

This green personal loan comes with loan terms up to 10 years and an interest rate starting at 3.99% p.a. You can use this loan to make environmentally friendly purchases for your home, including solar panels and energy efficient white goods. The interest rate is variable, meaning that it may fluctuate based on the market rate.

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From 3.99% (variable)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount

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Product NameCommunity First Credit Union Green Loan
Interest Rate (p.a.)
From 3.99% (variable)
Comparison Rate (p.a.)4.99%
Interest Rate TypeVariable
Min Loan Amount$1,000
Max. Loan Amount$50,000
Loan SecurityUnsecured

How does the Green Loan work? 

This is a green loan that can be used to cover the cost of environmentally friendly purchases for the home. This can include solar panels, solar hot water systems and pool heaters, insulation, rain water tanks and grey water treatment systems, energy efficient white goods and appliances, among other things. The loan comes with terms from 1 to 10 years, and is unsecured.

What features does the Green Loan offer? 

  • Green personal loan. Suitable for green home improvement purchases.
  • Unsecured loan. This loan does not require an asset as collateral.
  • Variable interest rate. With a variable rate, your interest charges may fluctuate with the market rate. This can mean lower rates when the market rate is down, or alternatively a higher rate if it’s up.
  • Varying loan term. The maximum loan term is 10 years.
  • Early repayment. You can repay your loan early without penalty.
  • Redraw facility. You have access to the redraw facility.

How much does the Green Loan cost?

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

  • Variable interest rate of 3.99% p.a.
  • A monthly fee of $10
  • An application fee of $195

The comparison rate, which includes both the interest rate and fees, is 4.99% p.a.

You may also be charged: 

  • Late payment fees of $25. This will be charged after 7 days if you don’t make your repayment. You will be charged again in another 7 days if applicable.

Am I eligible for the Green Loan?

To be eligible for the Green Loan, you need to: 

  • Be over the age of 18. 
  • Be the homeowner of the property. 
  • Have a regular income. 
  • Are not or have not been bankrupt (this includes Part IX agreements). 
  • Be a citizen or permanent resident of Australia. 
  • Have no defaults on any loans, credit cards, interest-free finance or store cards in the last 5 years. 
  • Have been in your current job for over 6 months. 
  • Have a decent credit score. 

To apply, you will need to provide: 

  • Your personal details, including your current and previous address, your phone number and email address. 
  • Details about your income, employment, assets and debts. 

Community First also offers loans for self-employed applicants. You’ll have to provide documentation including full tax returns for the last 2 years. 

How do I apply? 

You can apply for this loan either online on the Community First website, over the phone or at a Community First financial services store. Keep all the required documents on hand to speed up the process.

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