Our Green Loan is a stand out performer
Community First Green Loan has secured the prestigious Best Green Loan award for 2024 from RateCity.
Community First scores top spot for Green Personal Loans
Community First Bank’s Green Loan has secured the prestigious Best Green Personal Loan award for 2024 from the financial comparison website RateCity.
The award was evaluated by RateCity using their Real Time Ratings™, an innovative system ranking personal loans with a 5-star score, assessing the costs and flexibility of our Green Loan against its peers.
Consistent value is key
This significant acknowledgment is a testament to our steadfast commitment and dedication to delivering consistently great value via innovative and eco-friendly financial solutions to our members. Community First has been offering environmentally friendly personal loans since 2006.
John Tancevski, CEO of Community First Bank, said, “The award recognises our consistency in offering competitive green personal loans and our role in encouraging and facilitating sustainable choices among our members".
“The award specifically acknowledges our efforts in providing exceptional value personal loans tailored for the purchase of environmentally friendly products that can also generate long-term savings on household utility bills such as solar panels, battery systems, rainwater tanks, double glazing and more.”
Australia, for example, already has the highest uptake of solar panels globally, with close to one in three homes now having rooftop solar systems . This is helping these households save on power bills, with research suggesting that installing solar power can deliver savings of up to $2,400 annually depending on the size of the system .
John added, “By providing financial solutions that empower our members to make their own eco-conscious decisions, we focus on enabling practical solutions that contribute to a greener and more financially sustainable future.”
Empowering members to make greener choices
After earning the prestigious 2024 Best Green Personal Loan award from RateCity, Community First remains dedicated to supporting our members' financial and environmental decisions in a positive manner.
John Tancevski stressed that by offering members accessible and competitive loans for eco-friendly initiatives, “We remain at the forefront of the evolving financial landscape, demonstrating that banking can be both responsible and rewarding".
“We continue to offer our members exceptional products, and our recognition by RateCity reaffirms our position as a trailblazer in green financing.”
He concluded, “The Best Green Personal Loan award for 2024 is more than accolade but a symbol of our ongoing commitment to use product innovation to empower members and help create more sustainable communities.”
i https://www.energy.gov.au/households/solar-pv-and-batteries#:~:text=Australia%20has%20the%20highest%20uptake,have%20been%20installed%20across%20Australia.
ii https://www.finder.com.au/solar-power-payback-calculator#:~:text=As%20a%20general%20rule%20of,help%20you%20do%20just%20that.
Credit eligibility criteria, terms & conditions, fees & charges apply. You can view Target Market Determinations here.
¹ Rate for new loans is current as at 23/11/23 and subject to change without notice
* The comparison rate is based on an unsecured loan amount of $30,000 over a loan term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Community First Credit Union LimitedABN 80 087 649 938 | Operating as Community First Bank | AFSL and Australian credit licence 231204| BSB 512-170