⚡️⚡️⚡️
With energy prices rising, switch to a cheaper plan
💡
Compare Prices Now
⚡️⚡️⚡️

Regional Australia Bank Enviro Loan

Help the environment and your wallet with an Enviro Loan. Interest charges and approval fees apply.

Regional Australia Bank offers a green personal loan for sustainable and environmentally friendly home improvement purchases. The loan can be either secured or unsecured, and can only be used for eligible products. Loan terms range up to 5 years, with minimum borrowing amounts of $500.

No reviews yet. Write a review


From 6.95% (variable)

Interest Rate (p.a.)

8.26%

Comparison Rate (p.a.)

$500

Min Loan Amount

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Product NameRegional Australia Bank Enviro Loan
Interest Rate (p.a.)
From 6.95% (variable)
Comparison Rate (p.a.)8.26%
Interest Rate TypeVariable
Min Loan Amount$500

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 6.95% p.a. with a comparison rate of 8.26% 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 6.95% 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.

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
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.

Logo for ANZ Fixed Rate Personal Loan
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.

Logo for NAB Personal Loan Unsecured Fixed
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.

Logo for SocietyOne Unsecured Personal Loan
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.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site