Fixed Rate
Comparison Rate*
Low Green Rate
This discounted rate is only available for those borrowing for a green initiative
At Bank of Heritage Isle, we try and do our bit for the environment and encourage Members to do the same.
So we are launching our Green Loan which rewards you with a special low rate when you borrow for a green initiative, such as solar hot water systems, rainwater tanks, green vehicles or top energy savings white goods.
Why choose our Green Loan?
Competitive Interest Rates
For certainty of knowing what your repayments will be for the length of your loan term (up to 7 years), read more about how Fixed and Variable Interest Rates Work
Reduced Fees Program
Qualify for our Reduced Fees Program to reduce (or even eliminate) fees!
No ongoing account keeping fees
So you can be sure every dollar you repay is reducing your loan
What is eligible for a Green Loan?
- Green Rated Vehicles with a Combined Tailpipe CO2 rating below 150g/km details found www.greenvehicleguide.gov.au
- All Solar /photovoltaic (PV) panels are eligible
- All Battery systems to store solar energy are eligible
- All Solar hot water systems are eligible
- All solar pool heaters are eligible
- All solar hydronic heat pump system are eligible
- All rainwater tanks and water pumps are eligible
- All grey water treatment system are eligible
- Insulation levels must be above minimum level for geographical area http://yourhome.gov.au/passive-design/insulation
- Certified double glazing for windows
- Split systems, evaporative cooler or high star rated zoned air conditioner – minimum energy rating 4 out of 6 stars or minimum 6 out of 10 stars
- Gas, solar, hydronic or reverse cycle air conditioners with a minimum 4 star rating out of 6 or minimum 6 star rating out of 10
- Energy efficient white goods and appliances – Minimum 4.5 stars out of 6 or minimum 6 star rating out of 10
- Water efficient white goods and appliances – minimum 4.5 star rating out of 6
- Highly efficient electric heaters – minimum 5 stars out of 6
Who can apply for a loan?
You can apply for a loan individually or jointly with one other person or multiple person/s. To apply you need to:
- be at least 18 years old.
- have a regular income.
- be a permanent Australian resident.
- be able to make your repayments.
- want to borrow more than $5,000.
Terms & Conditions
Terms, conditions, fees, charges and lending criteria apply.
The interest rate and comparison rate is current as at and is subject to change.
*The comparison rate is based on a loan of $30,000 over a 5 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Schedule of Fees and Charges (PDF)
Our Awards
