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.
From 6.75% (variable)
Interest Rate (p.a.)
Comparison Rate (p.a.)
Min Loan Amount
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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