South West Slopes Bank Greener Futures Loan
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- Interest Rate (p.a.)
- 8.35%
- Comparison rate (p.a.)
- 8.35%
- Min Loan Amount
- $2,000
Summary
Avoid application and ongoing fees with the SWS Bank Greener Futures Loan.Scoring 8.2 in Finder's database, the SWS Bank Greener Futures Loan stands out by charging no application or ongoing monthly fees. This can lead to significant savings on common loan costs.
However, its 8.35% interest rate is in the top half of higher rates we track. This means while you save on fees, the overall cost could be more expensive compared to other options.
Details
Product details
| Product Name | SWS Bank Greener Futures Loan |
| Interest Rate (p.a.) | 8.35% |
| Comparison rate (p.a.) | 8.35% |
| Interest Rate Type | Variable |
| Min Loan Amount | $2,000 |
| Max. Loan Amount | $20,000 |
| Loan Security | Secured |
How does SWS Bank Greener Futures Loan compare?
- Save on upfront costs. This loan has no application fee, a saving not offered by all lenders.
- Avoid ongoing charges. This loan has no ongoing monthly fees, helping it stand out from some competitors.
- Higher than average interest rate. With an interest rate from 8.35%, this loan is in the top half of higher rates we track.
How does the Greener Futures Loan work?
This is a no-fee green personal loan which you can use to purchase energy efficient or environmentally friendly products. The loan funds can be used for solar power products, external awnings or shutters, grey water systems, double glazing or energy efficient white goods with 70% star ratings. No application, account keeping or establishment fees are charged. The loan comes with a maximum term of 5 years.
What features does the Greener Futures Loan offer?
- Green personal loan. Suitable for green home improvement purchases.
- No fee loan. You won't be charged any fees – only interest.
- Varying loan term. The maximum loan term is 5 years.
- Flexible repayments. You can choose between weekly, fortnightly and monthly repayments.
- Additional repayments. You can make unlimited additional repayments at no charge.
- Redraw facility. You have access to the redraw facility, at no charge.
- Other facilities available. You'll have access to direct debits, Internet banking, alerts, over the counter deposits and online statements.
How much does the Greener Futures Loan cost?
With this loan, you will only be charged interest at 8.35% p.a.. The comparison rate is also 8.35% p.a.
Am I eligible for a Greener Futures Loan?
To be eligible for a Greener Futures Loan, you need to be:
- Over the age of 18
- Living in Australia
- An Australian citizen or permanent resident
As part of the process, you’ll have to submit details of your income and any debts you have.
How do I apply for a Greener Futures Loan?
You can apply for the loan online, through the South West Slopes Bank website. The lender will contact you the following business day. Have all the required documents at hand to speed up the process.
Sources
Your reviews
Richard Finder
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