Laboratories Credit Union Green Personal Loan

This loan is a low fee option to help the environment and your wallet. Interest charges and establishment fees apply.

This green personal loan from Laboratories Credit Union features low fees and a loan term up to 7 years. No monthly or annual account keeping fees are charged, only a $20 establishment fee. You will need to be a member of Laboratories Credit Union to apply. This green personal loan can be used for energy-efficient upgrades, which can include water-saving devices, for your home.

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Richard Fairbairn

Last Updated Feb 4, 2022

From 6.75% (variable)

Interest Rate (p.a.)

6.78%

Comparison Rate (p.a.)

$2,000

Min Loan Amount

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Details

Details

Product Name	Laboratories CU Green Loan
Interest Rate (p.a.)	From 6.75% (variable)
Comparison Rate (p.a.)	6.78%
Interest Rate Type	Variable
Min Loan Amount	$2,000
Max. Loan Amount	$50,000

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 low fee personal loan can be used to make energy-efficient updates for your home. This can include both energy- and water-saving devices. This loan comes with variable interest, meaning that your rates could fluctuate based on the market rate. You could have lower interest payments if the rate drops, or higher if the rate increases. The only fee charged for this loan is a $20 establishment fee.

What features does the Green Personal Loan offer?

Green loan. This loan is suitable for green home improvement purchases, including energy- and water-saving devices.
Variable interest rate. With a variable rate, your interest charges may fluctuate with the market rate.
Varying loan term. The maximum loan term is up to 7 years.
Early repayments. You can make early repayments without penalty.
Flexible repayments. You can choose between weekly, fortnightly and monthly repayments.
Redraw facility. You have access to a redraw facility at no charge. The minimum redraw is $500.

How much does the Green Personal Loan cost?

There are a number of costs associated with Laboratories Credit Union’s Green Loan. These include:

Variable interest rate of 6.75% p.a.
An establishment fee of $20

This loan does not come with annual or monthly fees. The comparison rate, which includes interest and fees, is 6.78% p.a.

Am I eligible for the Green Personal Loan?

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

Over the age of 18
An Australian citizen or permanent resident
A member of the credit union

You will be required to submit details about your:

Employment, income and living expenses
Your assets, including land, house, contents, vehicles, savings and shares
Your debts

How do I apply for the Green Personal Loan?

You can apply for this loan online on the Laboratories Credit Union website, over the phone or at a branch. Have all the required documents at hand to speed up the process.

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Compare up to 4 providers

Harmoney Unsecured Personal Loan

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.

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ANZ Fixed Rate Personal Loan

You'll receive a fixed rate between 6.49% p.a. and 15.99% p.a. ( 7.41% p.a. to 16.84% p.a. comparison rate) based on your risk profile
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

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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.

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SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.95% p.a. and 22.49% 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.

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Laboratories Credit Union Green Personal Loan