SERVICE ONE Members Banking

1-year intro
fixed home loan
6.05% pa 6.89% pa (comp rate)
Fixed rate car loan
8.49% pa 8.87% pa (comp rate)

60 month $5k+
term deposit
5.30% pa
 

Variable Rate Eco Personal Loan

Looking to reduce your carbon footprint? In addition to SERVICE ONE's already extensive range of fixed and variable rate personal and car loan options, if you are after an unsecured option with a great variable rate that rewards you for the purchase of environmentally friendly solutions, SERVICE ONE's Eco Personal Loan might just be the answer.

This loan option is ideal for home add-ons such as solar hot water systems, rainwater tanks and much more. The variable interest rate offers you considerable flexibility and you can make extra repayments to pay off your loan sooner.

Interest rate 12.00% p.a. (interest rate) 12.55% p.a. (comparison rate)^. View all our interest rates.
Security

No security required.
Maximum amount You can borrow up to $40,000.
Loan period Up to 5 years.
Loan purpose

For the purchase of environmentally friendly products, including:

  • solar hot water systems
  • insulation
  • external awnings
  • rainwater tanks
  • double glazing
  • solar/photovoltaic (PV) panels and systems
  • grey water treatment system
  • wind turbine, and
  • white goods and appliances awarded at least 5-star energy saving status (according to www.energyrating.gov.au).
Flexible repayments Monthly repayments, or your choice of fortnightly or weekly - helping you reduce the term of the loan, saving you money.
Variable and lump sum payments Pay off your loan sooner by making variable and lump sum repayments.
Redraw facility Extra repayments can be made against your loan at any time, reducing the principal outstanding and consequently reducing the interest charged against the loan. You can withdraw part or all of these extra repayments.
Auto repayments (salary/account) Yes, easy and convenient repayments to avoid late fees.
Disbursement of funds Please note that because this loan is designed specifically for the purchase of environmentally friendly solutions, funds may be dispursed directly to suppliers upon proof of purchase and/or installation. In the case of a deposit or pre-payment, this may be paid directly to the supplier and the remaining funds transferred to your SERVICE ONE account.
Loan Repayment Insurance This insurance helps you cover your loan repayments should the unexpected occur.

In addition:

 
  • Conditional approval can be granted quickly upon receipt of your completed application.
  • You will take advantage of discounts on your everyday banking.*

Already have your home loan with SERVICE ONE? We can either top-up your existing loan to give you the extra funds to purchase these items or establish a new loan for you at one of our competitive home loan rates, at a term that suits you.

^ Comparison rate calculated on an unsecured loan amount of $30,000 over a 5 year term and based on monthly repayments.

* Discounts on everyday banking will depend upon your average relationship balance (including loan balances). View SERVICE ONE's Schedule of Fees and Charges for more information.

Terms and conditions and fees and charges are payable and details on these fees are available in SERVICE ONE's Schedule of Fees and Charges. All loan applications are subject to SERVICE ONE's standard lending criteria. Some loan services may require a separate application and are subject to assessment.

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