Finty
SWSbank

SWSbank Greener Futures Loan

Variable rate

Here are some of the purposes for a Greener Futures Loan. Solar power products, external awnings or shutters, grey water systems, double glazing to existing property and energy efficient whitegoods

Written byDavid Boyd
Interest rate a year, from
8.35%
Comparison rate, from
8.35%
Establishment fee
Not published
Monthly fee
Not published
Borrow
Not published

Monthly repayment

$20,000 over 3 years

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What it would cost

At the lowest published rate of 8.35%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$630
Total repayments
$22,679
Interest
$2,679

Loan details

Rates

Interest rate (a year)
8.35%
Comparison rate (a year)
8.35%
Rate type
Variable
Security
Not published

Limits and fees

Loan amount
Not published
Loan term
Up to 5 years
Establishment fee
Not published
Monthly fee
Not published

How it compares

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

Comparison rate

8.35%

From 8.35%. A typical loan starts at 10.14%.

Cost of $20,000 over 5 years

$4,533

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

Longest term

5 years

7 years is the usual longest term.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 8.35%, so the rate you see is the rate you get.
  • Redraw. You can take back extra repayments later if you need the money.

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.