Finty
Plenti

Plenti HEUF Green Loan

UnsecuredFixed rate

Unsecured fixed-rate green loans for eligible home energy upgrades available under the CEFC Household Energy Upgrades Fund (HEUF). Finance the purchase and installation of approved renewable energy equipment including battery storage. Not available for solar-only installations. Credit subject to approval.

Written byDavid Boyd
Interest rate a year, from
7.99%
Comparison rate, from
9.11%
Establishment fee
$350
Monthly fee
$9
Borrow
$2,001 to $50,000

Monthly repayment

$20,000 over 3 years

Apply now

What it would cost

At the lowest published rate of 7.99%, including the monthly fee. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$636
Total repayments
$22,883
Interest and monthly fees
$2,883

Loan details

Rates

Interest rate (a year)
7.99%–8.49%
Comparison rate (a year)
9.11%–9.61%
Rate type
Fixed
Security
Unsecured

Limits and fees

Loan amount
$2,001 to $50,000
Loan term
Up to 15 years
Establishment fee
$350
Monthly fee
$9

How it compares

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

Comparison rate

9.11%

From 9.11%. A typical loan starts at 10.56%.

Cost of $20,000 over 5 years

$5,215

Interest and fees at its starting rate. Typical is $5,455.

Setup fee

$350

A typical setup fee is $213.

Monthly fee

$9

A typical monthly fee is $10.

Most you can borrow

$50,000

Typically you can borrow up to $50,000.

Longest term

15 years

7 years is the usual longest term.

Pros and cons

Pros

  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.
  • No security needed. Your car or home isn't at risk if things go wrong, though missed repayments still hurt your credit report.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
  • A soft check on your rate. You can see the rate you'd get without it showing on your credit report.

Cons

  • Your rate isn't known until you apply. It's set by your credit history and finances, anywhere from 7.99% to 8.49%, and only some people get the starting rate.
  • A higher setup fee. $350, above the typical $213. It's usually added to the loan, so you pay interest on it too.
  • A $9 monthly fee. That adds $539 over 5 years, as well as the interest.

Similar loans

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