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RateSetter Green Loan
Finance your energy-efficient product purchases from $2,001 with a competitive Green Loan from RateSetter.
- Please note that RateSetter has been rebranded to Plenti. The information on this page has been kept for the benefit of those who are interested and historical records only.
From 6.39% (fixed)
Interest Rate (p.a.)
7.81%
Comparison Rate (p.a.)
$2,001
Min Loan Amount
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Details
| Product Name | RateSetter Green Loan |
|---|---|
| Interest Rate (p.a.) | From 6.39% (fixed) |
| Comparison Rate (p.a.) | 7.81% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $2,001 |
| Max. Loan Amount | $45,000 |
- Please note that RateSetter has been rebranded to Plenti. The information on this page has been kept for the benefit of those who are interested and historical records only.
Main points to consider about the Green Loan from RateSetter
The Green Loan from RateSetter comes as either secured or unsecured and these loans are available from 3 and 7 years. You can apply for a minimum of $2,001 and a maximum of $45,000. Monthly fee ranges from $3-$4 depending on loan amount and loan term.
You will receive a tailored rate for your loan with good borrowers being matched with better rates. After completing a rate estimate you may be instantly, conditionally approved. The loan amount will then be paid out to the vendor you've selected to help make your home greener.
Features of the Green Loan
There are many features of the Green loan offered by RateSetter, including:
- Loan terms. The available loan terms are between 3 and 7 years.
- Regular monthly repayments. Repayments for this loan are made monthly but you can make additional payments at any time without penalty.
- Money is paid directly to the vendor. Once you've been approved for the loan, the funds will be directly transferred to the installer so your purchase will be more seamless.
- Internet banking. It's easy to keep up with your account as you can see and keep track of the balance and repayments online.
- Available to businesses. The Green Loan is also available to small businesses and self-employed individuals who want to go green.
- Quick process. Once you've received your rate estimate, the application process takes about five minutes. After filling out the application, you could be conditionally approved. However, if you're not conditionally approved immediately, you'll get a response within the next two business days.
- No early repayment fees. You won't get charged for making additional payments or paying off your loan early with this loan, which is a bonus for those who want to pay it off faster.
How to apply for the Green Loan
Applying for the Green loan is a breeze. All you need is to:
- Be 21 or over
- Be an Australian citizen or permanent resident
- Have a regular income
- Have a good credit history
- Be purchasing a suitable product
It's also important to ensure you have your personal details ready, such as:
- Your annual income
- Details of your employer
- Your address
- Your chosen vendor
If you're approved, your green projects and renewable energy purchases can be made. However, it's important to compare all personal loans before making a decision.
