Your guide to the best green loans

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  • the renewable energy products you’re looking to install
  • your credit score, income and assets
  • your ability to repay a particular amount off the loan each month.
  • Repayments are set for the duration of the loan
  • it’s easier to maintain a budget. However, early repayment or exit fees are more common and there’s less flexibility when it comes to repayments.
  • Early repayment or exit fees are more common
  • There’s less flexibility when it comes to repayments
  • Greater flexibility to repay your loan early, often without fees
  • You’ll benefit from any reduction in interest rates
  • Interest rates are generally lower
  • Your repayments will change with the market rate, making it harder to plan your finances.
  • Potential for rates to move up significantly
  • flat fee that applies regardless of the value of the loan (e.g. $150)
  • tiered fee based on the total amount borrowed (e.g. $250, $500, $750)
  • percentage fee (e.g. 4%) based on:
    • the total amount borrowed
    • your credit or risk profile
  • hybrid fee (e.g. $200 + 2% of the loan amount).

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