Green Loans make going green at home cheap and easy

A new government initiative to help homeowners install water- and energy-efficient products kicks off on 1 July.

The Green Loans Program is designed to help householders, especially families, install products such as renewable energy systems including solar power, wall insulation, glazing, efficient hot water systems and water tanks.

Sunshine Coast financial institution Maleny Credit Union (MCU) is one of the government’s first partners in the scheme.

How the Green Loans Program works

• Book a free home sustainability assessment with a qualified assessor to investigate the best actions you can take – you can register your interest now.
• The assessor will write a home sustainability report especially for you, and it forms the basis for your Green Loan application. The report is valid for six months.
• You can apply for a loan of up to $10,000, interest-free for the first four years.
• There is no application fee for a Green Loan.
• Only one interest-free Green Loan can be provided for each home assessment report, however a Green Loan can be used to finance a number of home projects.

If you want to borrow more than $10,000 under the scheme, you can take out two loans from MCU:

• An interest-free Green Personal Loan for $10,000, and
• Green Appliance Loan for the additional amount of funds required, up to $15,000 at MCU’s standard loan terms and conditions. Go to MCU’s website for rates available.

About Maleny Credit Union

As an ethical organization, MCU lends approximately 60% of its funds for green, sustainable, and socially responsible loan purposes, and as such is deemed an ethical investment.

MCU won a number of the highly acclaimed Money magazine awards, primarily for its environmentally designed loans, including being judged the winner of the 2009 Best Socially Responsible Product – MCU Green Appliance Loan.

For more information on the Green Loans Program including a full list of eligibility guidelines visit www.environment.gov.au/greenloans. For more information about MCU see their website or phone 07 5499 8988.

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This entry was posted on Monday, June 15th, 2009 at 5:13 pm and is filed under News, Partners. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.