What is a green loan? A green loan is a personal loan specifically for environmentally friendly purchases. Common uses include solar panel systems, battery storage, electric vehicles (EVs), energy-efficient appliances, insulation, double-glazing and rainwater tanks. Several Australian lenders offer
Online loans up to $30 000
Green Secured Loan up to $100 000
Green Unsecured Loan up to $50 000
Online Green loans up to $70 000
Finance for solar panels, batteries, heat pumps and other home energy upgrades. Offered through approved Brighte installers across Australia.
A green loan is a personal loan specifically for environmentally friendly purchases. Common uses include solar panel systems, battery storage, electric vehicles (EVs), energy-efficient appliances, insulation, double-glazing and rainwater tanks.
Several Australian lenders offer discounted rates for green purposes compared to their standard personal loans. The logic is that green upgrades typically reduce your ongoing costs, such as electricity bills, which improves your ability to repay.
Bendigo Bank has both secured and unsecured green personal loans. SocietyOne offers a green loan product. Alex Bank has a dedicated solar loan. Brighte provides buy-now-pay-later style finance specifically for home energy upgrades through approved installers.
A 6.6 kW solar system typically costs $6,000-$8,000 installed. With an average household saving around $1,500-$2,000 per year on electricity, the payback period is roughly 3-5 years. A solar loan with a 5-year term at a competitive rate often makes financial sense even accounting for interest costs.
Electric vehicles in Australia typically start around $40,000 and go up to $80,000+ for premium models. Several lenders now offer EV-specific car loans at rates below standard car loan rates, partly because EVs hold their value well and partly to incentivise uptake.
