0% Interest green loans

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  • Principal: This is the amount borrowed. 
  • Interest rate: Interest is the cost of borrowing from a lender and is charged as a percentage of the principal. You’ll see it charged either as a fixed rate (the rate is locked in for the life of the loan) or a variable rate (the rate might fluctuate up and down with the market).  
  • Fees: This is another cost of borrowing funds and each lender's fees will vary, but some common fee types are: monthly fees, establishment fees, late or missed payments, and early exit fees. 
  • Be over 18 years old
  • Be an Australian citizen or permanent resident
  • Have a valid driver's licence, Medicare Card or Australian Passport
  • Own (or be purchasing) their own home
  • Have a clear credit file
  • Receiving a regular income

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