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Victoria Teachers Credit Union

Serving the education community




Personal Loans

Green Loan

For environmentally friendly home improvements.

As a socially responsible organisation, your Credit Union is proud to assist Members in implementing water saving and energy efficient products around their homes through the Australian Government Green Loans Program.


Main Features

The Australian Government’s Green Loans Program is funding:

  • Free home sustainability assessments.
  • Interest-free Green Loans for recommended improvements.
  • The assessment uncovers the best energy and water savings options for your home. This may be as simple as switching to energy efficient light bulbs and repairing leaking taps. Your assessment may also recommend bigger projects like installing solar panels, grey water filtration systems and rainwater tanks.

Our Green Loans

  • Fee free.1
  • Interest free.2
  • Maximum loan amount $10,000.
  • Maximum loan term 4 years.
  • No redraw facility.

Loan Repayments

Maximum loan term of 4 years. You also have the option of paying extra if you choose to do so.

Interest

The Green Loan is an interest free loan.

Eligibility Criteria

Applicants must contact the Government to book in a free home sustainability assessment which must be included with the loan application.

  1. Other than statutory fees or fees payable as a result of a default by the Borrower.
  2. Other than interest payable as a result of a default by the Borrower.

Rates & Fees

Interest Rate (p.a.) N/A
Comparison Rate (p.a.) N/A
Application Fee $0
Establishment Fee $0
Monthly Fees $0
Annual Service Fees $0

Terms and Conditions

Part A - Product Information
Part B - Fees and Charges
Part C - Interest Rates

Calculators

Loan Repayments

Work out what your minimum weekly, fortnightly or monthly loan repayments would be for any borrowed amount.

 

Extra Repayments

Calculate how much time and interest you can save by paying more than the minimum repayment.

 

Lump Sum Repayments

Calculate the time and interest you can save by paying a lump sum off your loan.

 

More Information

Download

Green Loans Fact Sheet

Find out what you could be saving.

 

Apply

How to apply for a Green Loan:

  1. Register for a free Home Sustainability Assessment by calling the Australian Government Green Loans Hotline on 1800 895 076.
    The Home Sustainability Assessment is conducted by an expert Assessor, contracted by the Government to undertake Assessments for the Program – Victoria Teachers Credit Union does not have any involvement in the Home Sustainability Assessment process.
  2. Receive your tailored Home Sustainability Assessment Report.
    A Home Sustainability Assessment Report must be obtained prior to applying for a Green Loan with Victoria Teachers Credit Union.
  3. Download a Green Loan application and Green Loan Declaration. Post both completed forms together with a copy of your Home Sustainability Assessment Report to:

    Victoria Teachers Credit Union
    PO Box 338
    Camberwell VIC 3124

    Or fax both completed forms and the report to 03 9882 4348.

    Our friendly Lending Consultants will contact you shortly afterwards to discuss your application.

To be eligible to apply for a Green Loan you must be a Member (account holder) of the Credit Union.