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Green loan

HSBC Green Loan

Spread the cost of purchasing Solar Panels by obtaining a loan.

Benefits

  • Reduced interest rate of 6% variable (our lowest available unsecured loan rate)1
  • 100% financing
  • Borrow for up to 7 years (our longest available term on an unsecured loan)

Example of a Green Loan

 

Cost of Solar Panel installation & energy saving enhancements to your home $30k (Example Only)

Monthly Electricity Saving $565.422

Monthly Cost of a Green Loan for $30k over 7 years $438.26

Customer Savings for first 7 years $127.16

Expected life of Solar Panels is 30 years2so for the following 23 years (after loan is repaid) you will continue to save on your electricity bill.

 

1Energy Saving Figures and Expected Solar Panel Life were provided by a local Solar company and are estimates only. Actual savings will vary depending on the position and size of your home and your energy consumption.

2Rates are subject to change without notice.

 

 

Other uses

You can use the loan for a number of Green purposes.

Green Purposes are defined as;

  • Solar Panels
  • Electric Cars
  • Solar Water Heaters
  • Other recommended energy saving enhancements to your home as advised by your Solar Company.

Things you should know

Apply now

Related products

 

Whether you are buying a car, treating yourself to a boat or jet ski for the summer or making another large purchase an HSBC Personal Loan is an affordable and easy option.

 

With an Education Loan from HSBC, going to school locally or overseas is an affordable and wise option.

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