Regional Australia Bank Enviro Loan
- Interest Rate (p.a.)
- 7.45%
- Comparison rate (p.a.)
- 8.79%
- Min Loan Amount
- $500
Summary
This green loan offers a competitive package with an interest rate of 7.45% and no ongoing fees.The Regional Australia Bank Enviro Loan is a strong option for environmentally friendly purchases. It scores well in our database thanks to its competitive interest rate and low fees.
With a Finder Score of 8.8, it sits in the top tier of personal loans we have analysed. Features like no ongoing fees and a high maximum borrowing amount add to its overall value.
Details
Product details
| Product Name | Regional Australia Bank Enviro Loan |
| Interest Rate (p.a.) | 7.45% |
| Comparison rate (p.a.) | 8.79% |
| Interest Rate Type | Variable |
| Min Loan Amount | $500 |
| Max. Loan Amount | $100,000 |
| Loan Security | Secured or Unsecured |
How does Regional Australia Bank Enviro Loan compare?
- A competitive interest rate. The loan's 7.45% interest rate is in the top half of lower rates in our database.
- A lower application fee. The $195 application fee is in the top half of lower fees compared to its peers.
- No ongoing monthly fees. This loan has no ongoing monthly fees, a competitive feature in the market.
- High maximum borrowing amount. It offers a higher maximum borrowing amount than many of its peers.
The Regional Australia Bank Enviro Loan was highly commended for Best Green Personal Loan in the 2026 Finder Awards. 
Regional Australia Bank scored in the Finder Awards
How does the Enviro Loan work?
The Enviro Loan is a personal loan that can be used for the purchase of sustainable and environmentally friendly purchases for home improvements. You can only purchase eligible products using the loan funds. This can include solar panels, solar hot water systems and insulation. Eligible products can be found here. As the interest rate is variable, your monthly interest payments may vary based on the market interest rate. This means that you can benefit if the rate drops, but will have to pay more if it increases. The minimum loan amount is quite low, starting at $500. You can make additional repayments and access the redraw facility.
What features does the Enviro Loan offer?
- Variable interest rate. Your rate is variable and starts from 7.45% p.a. with a comparison rate of 8.79% p.a. With a variable rate, you can benefit if the market rate drops.
- Secured and unsecured. The loan can be either secured or unsecured.
- Green personal loan. Suitable for green home improvement purchases.
- Varying loan term. The maximum loan term is 5 years.
- Low minimum loan amount. You can take out a loan for as low as $500.
- Flexible repayments. You can choose between weekly, fortnightly and monthly repayments.
- Additional repayments. You can make additional repayments without charge.
- Redraw facility. The minimum redraw amount is $200.
How much does the Enviro Loan cost?
There are a number of costs associated with Regional Bank Australia’s Enviro Loan. These include:
- Fixed interest rate of 7.45% p.a.
- Approval fee of $195
- A Personal Property Securities Register (PPSR) check fee of $26 may apply
There is no monthly or annual service fee for this loan. The comparison rate, which includes both the interest rate and fees, is 8.26% p.a.
In addition to the above, you may be charged the following:
- A late payment notice fee of $20. This fee will be charged if you fail to make your repayments on time.
- A default notice fee of $30. This fee will be charged if you default on the loan.
Am I eligible for an Enviro Loan?
To be eligible for this loan, you need to be:
- Over the age of 18
- Over the age of 16 if applying with a guarantor or joint borrower (they need to be over the age of 18)
- A permanent resident or Australian citizen
To apply, you will need to submit the following:
- Identity verification documents. This can be a driver’s licence, passport or medicare card.
- Details of your income, expenses, assets and liabilities. You may also need to provide payslips, notice of assessment and bank statements.
How do I apply?
You can apply for the loan online, through the Regional Australia Bank website. The application will take around 15 minutes to complete, and you can save and continue your application for 30 days. Keep all the required documents on hand to speed up the process.
Your reviews
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