Finty
Horizon Bank

Horizon Bank Green Personal Loan

Variable rate

The Green Personal Loan features a heavily discounted rate to encourage you to opt for greener solutions. If you're looking to go environmentally friendly, this is the loan for you.

Written byDavid Boyd
Interest rate a year, from
8.24%
Comparison rate, from
8.92%
Establishment fee
$100
Monthly fee
Not published
Borrow
From $1,000

Monthly repayment

$20,000 over 3 years

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What it would cost

At the lowest published rate of 8.24%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$629
Total repayments
$22,642
Interest
$2,642

Loan details

Rates

Interest rate (a year)
8.24%
Comparison rate (a year)
8.92%
Rate type
Variable
Security
Not published

Limits and fees

Loan amount
From $1,000
Loan term
Not published
Establishment fee
$100
Monthly fee
Not published

How it compares

Against the other personal loans we compare. Typical means the middle half of them.

Comparison rate

8.92%

From 8.92%. A typical loan starts at 10.14%.

Cost of $20,000 over 5 years

$4,570

Interest and fees at its starting rate. Typical is $5,513.

Setup fee

$100

A typical setup fee is $150.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 8.24%, so the rate you see is the rate you get.
  • Redraw. You can take back extra repayments later if you need the money.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.

Similar loans

Personal loans from other lenders that start at a similar comparison rate.