Unity Bank Green Upgrades Loan (with mortgage)

Variable rate

A personal loan to help members transition to more affordable and sustainable living

Monthly repayment

$20,000 over 3 years

What it would cost

At the lowest published rate of 5.55%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

BorrowOver

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

Comparison rate

5.55%

From 5.55%. A typical loan starts at 10.14%.

Cost of $20,000 over 5 years

$2,949

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

Most you can borrow

$50,000

Typically you can borrow up to $60,000.

A lower starting rate. Its comparison rate starts at 5.55%, below the typical 10.14%, and the comparison rate counts the standard fees too, so it's a fair guide to a lower overall cost.
One rate for everyone. Everyone approved gets 5.55%, so the rate you see is the rate you get.
Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
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.

A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.
A $15 late payment fee. Setting up automatic repayments avoids it.

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