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Generation Green™ Personal Loan
With a 1.00%pa discount on the Bank’s current fixed rate personal loans, a Generation Green™ Personal Loan rewards you for your environmentally friendly purchases.
There are currently 12 environmentally friendly products that can be purchased with a Generation Green™ Personal Loan.
Double Glazing
Reduces heat loss and noise transmission through windows. |
Environmentally Friendly Vehicle
Any vehicle that achieves a 5 star environmental rating. These vehicles greatly reduce emissions and environmental impact. Ratings can be checked here. |
External Awnings
Effective way to keep your home cool, especially on North, East and West facing windows. |
Greywater Treatment System
Reduces need for freshwater and pressure on public water supplies. Monetary savings through reduced water bills. |
Insulation
Helps prevent temperature extremes within a dwelling. Monetary savings through reduced energy bills. |
Micro-hydro system*
Takes advantage of the continual flow of a water source such as a stream to harness energy for household purposes. |
Retrofit Kits
Solar collectors that can be connected to existing conventional off-peak electric hot water systems. |
Solar Hot Water Heaters
Can reduce a household's hot water bill by more than 60% each year. Reduces greenhouse gas emissions, a bi-product of standard energy production. |
Solar Power (Photovoltaic)*
A photovoltaic system converts light energy into electricity. These systems reduce dependence on fossil fuels and allow households to generate their own power. |
Water Storage Tanks
Reduces reliance on water storage dams as well as monetary savings through reduced water bills. |
White Goods & Appliances
Top Energy Saver Award winning white goods and appliances including:
- single phase air conditioners
- clothes dryers
- clothes washers
- diswashers
- fridges and freezers
A list of all Top Energy Saver Award winning white goods and appliances is available here. |
Wind Turbine*
Uses wind energy to reduce dependence on fossil fuels and allows households to generate their own power. |
* These types of power systems are generally connected to the main power grid, however, they can also be installed as a "Stand Alone" system. In this instance a generator is required as a back-up energy source in times of poor weather conditions. Batteries are also needed to store any excess energy for use when weather conditions are not conducive to energy production.
Generation Green™ Personal Loan features
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| Statement |
Half yearly |
| Interest |
Fixed for the term of the loan |
| Calculated |
Daily |
| Charged |
Monthly |
| Term |
One to five years |
| Minimum Amount |
$2000 |
Security
(Applicable to Generation Green Secured Personal Loan only)
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- Any registrable vehicle (value must equal or exceed loan amount)
- Bendigo Bank Term Deposit or STL Investment Common Fund
- Residential (Home Loan establishment fees apply).
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| Payments |
Weekly, fortnightly or monthly |
| Type |
Principal and interest |
| Additional Payments |
Yes |
| Redraw Facility |
Yes, online redraw available |
| Additional Transaction Account Rebates |
Yes. Receive an Additional Transaction Account Rebate of $1.75 on ALL of your eligible Transaction Accounts*. |
| * Refer to our Schedule of Fees & Charges and
Transaction Account Rebates for more information on Transaction Account Rebates
and a list of eligible Transaction Accounts. |
| Apply
for a Personal Loan Online |
Interest Rates
| Generation Green™ Secured Personal Loan |
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Rate |
9.99% pa |
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Comparison Rate |
11.74% pa* |
| Generation Green™ Unsecured Personal Loan |
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Rate |
12.69% pa |
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Comparison Rate |
13.75% pa* |
| * Comparison rate calculated on a loan amount of $10,000 over a term of three years
based on monthly repayments.
A Comparison Rate Schedule is available at any Bendigo Bank branch or by
clicking
here.
WARNING: This comparison rate applies only to the example or examples
given. Different amounts and terms will result in different comparison
rates. Costs
such as redraw fees or early repayment fees and cost savings such as
fee waivers are not included in the comparison rate but may influence the
cost of the loan. |
All rates subject to change.
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Subscribe now to Generation Green™ |
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Subscribe to Generation Green™ for the latest news and updates.
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Generation Green™ has been supported with assistance from the Victorian Government's Sustainability Fund. |
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