Everyone cares about the environment and in our own small way Community CPS wants to assist our members in conserving our natural resources.
That's why we have created Enviro Loans to make it easier to purchase environmentally friendly products. These loans offer flexible options to suit your needs and at a reduced interest rate, to reward you for looking after our environment.
BENEFITS
- Lower interest rates on personal loans and the choice of fixed or variable rates.
- Secured (motor vehicle, mortgage, cash) or unsecured.
- Home Loan fees waived up to $600.
WHAT CAN I BUY WITH MY ENVIRO LOAN?
The House
- Build or purchase a new home with 5 star 'First Rate' Energy Rating*
Home Improvements
- Solar hot water system.
- Solar power (Photovoltaic).
- Solar hot water - retro fitted to conventional off-peak electric hot water systems.
- New gas hot water system.
- Home insulation.
- Improve the home's overall energy rating.
- Wood fire conversion to an environmentally preferred heating option.
- Double-glazing on windows.
- Exterior awnings or blinds.
In The House
- Grey water treatment system.
- 4 star+ rated appliances.
- Water saving devices.
In the Garden
- Water storage tanks and pumps.
- Drip Irrigation.
- Xeriscape garden (almost zero water use).
- Replanting garden with natives.
- Wind turbine.
- Micro hydro system.
- Build a dam.
In the Car
- Conversion from petrol to LPG (private vehicles only).
WHAT TYPES OF LOANS ARE AVAILABLE?
Personal Loans
Name |
Security |
Amount |
Term |
Annual Percentage Rate |
Comparison Rate |
|---|---|---|---|---|---|
L50 |
Personal unsecured |
$1,000 - $5,000 |
1-3 years |
8.90% fixed |
12.83%1 |
L76 |
Personal unsecured |
$1,000 - $10,000 |
1-5 years |
8.75% variable |
10.73%2 |
L79 |
Personal secured |
$1,000 - $5,000 |
1-3 years |
8.80% fixed |
13.37%3 |
L78 |
Personal secured |
$1,000 - $20,000 |
1-7 years |
8.65% variable |
9.44%4 |
Home Loans
Name |
Security |
Fees |
Interest Rate |
Annual Percentage Rate |
Comparison Rate |
Term |
|---|---|---|---|---|---|---|
L47 Home mortgage |
Mortgage secured |
Up to $600 in fees waived |
Capped for 12 months or variable # |
5.95% capped for 12 months 7.05% standard variable |
6.94%5 |
Up to 30 years |
L69 Investment Property |
Mortgage secured |
Up to $600 in fees waived |
Capped for 12 months or variable # |
5.98% capped for 12 months 7.05% standard variable |
N/A |
Up to 30 years |
FEATURES AND OPTIONS
- Competitive rates.
- Fast Approval.
- Interest calculated daily.
- Repayments can be made weekly, fortnightly or monthly.
- Applications can be accepted over the phone, via the web or at any of our eight branches.
- Online (and manual) redraw facility available on personal and home loans.
CONDITIONS APPLY
- Supplier invoices must be submitted for products purchased through an Enviro Loan facility.
- Cheques will be issued to suppliers by Community CPS.
- Normal lending and assessment criteria apply.
- Unless mentioned, a $100 application fee applies.
- An additional $16.50 REVS fee applies for loans secured by a Bill of Sale.
To apply for an Enviro Personal Loan click here (pdf 62kb) or for an Enviro Home Loan click here. You can also contact Community CPS on 02 6286 0555 or come in and see us at your local branch.
Community CPS. giving more life to your loans.
* A copy of a current, valid or complete EER statement must be provided. See www.houseenergyrating.com for more details.
# Conditions apply to be eligible for a capped rate.
- Comparison Rate calculated on a loan of $2,500 over 2 years, based on monthly repayments.
- Comparison Rate calculated on a loan of $5,000 over 2 years, based on monthly repayments.
- Comparison Rate calculated on a loan of $2,500 over 2 years, based on monthly repayments.
- Comparison Rate calculated on a loan of $10,000 over 3 years, based on monthly repayments.
- Comparison Rate calculated on a loan of $150,000 over 25 years, based on monthly repayments.
These comparison rates apply only to the 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 buy may influence the cost of the loan.
CPS lending and assessment criteria apply. All loan applications are subject to approval. Terms and conditions apply to all loans and are available on request. Fees and charges apply to loans and are detailed in the Fees and Charges Booklet.
All Community CPS staff receive a salary. Some staff may also receive an incentive for achieving sales targets. Community CPS may charge fees for the services and products it provides to you. Community CPS may receive commissions for the sale of third party products in the range of 8% - 20% of the premium paid. Full details of benefits and commissions received by Community CPS are available in the Financial Services Guide (FSG). Copies of this document can be obtained by contacting Community CPS Credit Union. This information is general advice. When providing general advice we don't take into consideration your objectives, financial situation or needs. The decision to acquire a particular product or service rests with you.
Enviro Loans Interest Rate Schedule (pdf 75kb)
Current Interest Rates | Comparison Rate Schedules | Guide to Comparison Rates
Loan Assessment
CPS Lending and assessment criteria apply. All loan applications are subject to approval. Terms and conditions apply to all loans and are available on request. Fees and charges may apply and are detailed in the Fees and Charges brochure, which is available on request. All loan interest rates are Annual Percentage Rates (pa) and current rates are listed in the Interest Rates flyer.
