Unsecured Green Personal Loan

In line with Great Southern Bank’s 2022-24 Climate Action Plan, and our goal of achieving net zero emissions by 2040, we have developed a range of green loan products to support our customers who share our values and want to contribute to a better future, while continuing to meet their financial needs.

To be considered green, products financed through our green loans must be:

• Hybrid and electric vehicles (via a car dealer and private seller)
• Home charging stations (for electric and hybrid motor vehicle charging) - only when purchasing a hybrid or electric vehicle
• Solar panels
• Battery packs
• Hot water heat pump
• Solar hot water system

As part of the application process, you will be asked to provide reasonable evidence (including a tax invoice) to show that the loan will be used to buy an eligible product. The documentation can vary depending on what you are buying and installing; however, we’ll help you with this step and supply the relevant information during the approval process.

The New Energy Tech website has a list of approved sellers for solar panels and home batteries .

You can check installer accreditation status at the Solar Accreditation Australia website.

A personalised interest rate is an interest rate based on an assessment of your credit score. If you have an excellent credit score and a good history of repaying loans, credit cards and other bills, you’ll likely be offered a lower interest rate.

When you apply for a personal loan your individual situation and your credit score will be considered when calculating your personalised interest rate.

The rate you are offered is calculated on your personal circumstances and credit history. A few different factors are considered, including:

• your credit score
• information provided in your application
• existing loans
• the loan amount and your perceived ability to repay the loan.

Don't forget the starting rate for our Unsecured Green Personal Loan is lower than our traditional Unsecured Personal Loan, so if you have a good credit history you could be rewarded with a low competitive rate.

You’re entitled to a free copy of your credit report every three months from a Credit Rating Bureau (CRB). The CRB must provide the report within 10 days of your request.

The three main Credit Rating Bureaus in Australia are:

• Equifax (previously known as Veda)
• Experian Australia Credit Services
• illion (formerly Dun & Bradstreet)

A comparison rate is the interest rate, plus additional fees and charges you will be expected to pay over the loan term. As comparison rates indicate the true cost of a loan, they make it easier to decide which is best for you.

Yes. Your loan contract will be set up for monthly repayments initially, but if you prefer to pay in weekly or fortnightly instalments simply call us on 133 282 or drop into a branch and we can arrange this for you.