The Finance Algorithm
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Green Loan

An unsecured personal loan that can be used to finance the purchase of approved environmentally friendly products.

Personal loansBank updated 24 Aug 2026
Apply at Australian Military Bank ↗Product page ↗Fees and pricing ↗

At a glance

Fixed
7.15%8.06% comparison
Loan size
$4,000 to $75,000
Upfront fee
$150
Monthly fee
$10

Rates

The one rate AMB Bank Product publishes for this personal loan.

TypeApplies toTermBandRateComparisonConditions
FixedP&I7 yrs fixed-7.15%8.06%-

Fees

9 fees published, grouped by when they're charged.

  1. When you take it out$150Processing and Switch Fee - Green Loans
  2. While you hold itUp to $102 fees, each listed below
  3. When you close it or pay it offNo fee published

When you take it out1

  • Processing and Switch Fee - Green Loans
    $150

While you hold it2

  • Loan service fee - Personal, Green & Car Loans
    $10 a month
  • Paper statement fee (per statement)
    $2 a month

When particular things happen6

  • Arrears notice fee

    2nd and subsequent reminders by letter or phone

    $20
  • Audit Certificate Fee

    Per audit certificate requested

    $50
  • Copies of statement (up to 12 months) posted

    per page

    $1
  • Copies of statements (over 12 months) at branch or posted

    per page

    $5
  • Copies of statements (up to 12 months) at branch
    $2.50
  • Default notice fee

    Payable when a notice is issued regarding a default under the contract

    $30

Features

  • The ability to make extra repayments or pay off your loan early without penalty

Eligibility and limits

  • Minimum age 18
  • Residency: Individuals must be citizens or permanent residents of Australia.
  • Employment: Applicants must be currently employed or receiving a regular income. Self employed clients should contact the Bank prior to applying
  • Available to individuals
  • Amount $4,000 to $75,000
  • Eligible Loan Purposes: Purchase of Energy, Hot Water, Battery Storage, Insulation, Energy Efficient Cooling/Heating, Water Capture & Recycling, 5-star rated or higher household appliances.

Published by Australian Military Bank under the Consumer Data Right, last changed by them on 24 Aug 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.