MCU Sustainable Banking :: Green Appliance Loan

Home Loans Personal Loans Green Appliance Loan

Green Appliance Loan

Our Green Appliance Loan was developed to provide home owners an incentive to think "green" when purchasing major home appliances. For the home owner it combines a discounted interest rate loan with the possibility of reduced energy consumption. For the environment it offers reduced resource consumption.

This product was judged the winner of the Money magazine 2009 "Best of the Best Award", as the best Socially Responsible Product.

The credit union will fund the purchase of the following types of appliances:

Solar or Gas Hot Water systems
PV panels and systems
Composting Toilets
Organic Waste Water Treatment systems
Insulation
Rain Water Tanks
Alternate electricity generation

Features

Interest Rate 9.85% p.a. Variable
Comparison Rate 10.59% p.a.
Maximum Term 7 years
Minimum Amount $2000
Maximum Amount $15000
Application Fee $160
Annual Fee $0
Redraw facility free for amounts over $2000, otherwise $25 fee per redraw

Note: This comparison rate is calculated on the amount of $15,000 over a term of 4 years. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

View full Schedule of Comparison Rates (pdf).

View Loan Fees and Charges (pdf).

Terms, conditions, fees and charges apply and are available on request. This offer is subject to change without notice.