Green Loans
Looking to make your lifestyle more environmentally sustainable?We offer low-rate loans for a variety of home improvements and electric vehicle purchases.
5.99%
Variable interest rate
Members with a First Option Bank home loan
6.23%
Comparison rate
Electric and Hybrid Vehicles
Electricity Generation
Water Saving
Heating & Cooling
Power Saving
5 star appliances
Home Improvements
For environmentally sustainable home improvements, including appliances with a 5-star energy rating.
- Loan Term 1-10 years
-
Loan Minimum $2,000
- No account keeping or monthly fees
- No penalty for extra repayments or early payout of loan
- Redraw facility available
Electric Vehicles
For Electric Vehicles, plug-in hybrids, ebikes and battery-power commuter scooters.
- Loan Term 1-7 years
-
Loan Minimum $2,000
- No account keeping or monthly fees
- No penalty for extra repayments or early payout of loan
- Redraw facility available
*Eligibility criteria, terms and conditions, fees and charges apply. Normal lending criteria apply. #Comparison rates are calculated on a loan amount of $30,000 over a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. All loan applications are subject to assessment, including your capacity to repay. All loans are subject to our normal lending terms and conditions. Contact First Option for the relevant terms and conditions. All BeGreen Loan fundings are "pay to purpose" payments that are made directly to the organization supplying the invoice. Loan approval may be conditional upon security. The Lending Team will advise you if this is the case. Any security offered or requested on any First Option loan must be insured with First Option noted as the financier on the policy. The insurance must be maintained for the term of the loan and an annual renewal must be provided to us on request.