Nova Credit Union is proud to be a partner of the Australian Government and provide “interest free green loans” to residents of the Hunter Valley.

FREE detailed, quality household sustainability assessment

Invest now to save money in the future

Borrow up to $10,000 interest free*

No application fees or monthly fees

What is the Green Loans Program?

The Green Loans Program is an Australian Government initiative to assist Australian households in ‘going green’ by providing simple advice and actions to save energy and water as well as providing access to funding for larger scale installations of solar, water and energy efficiency products

Nova Credit Union as a Green Loans Program Financial Partner is taking up the opportunity to play a key role in helping Australians save money in the long term by making the initial investment in energy and water efficiency accessible and affordable

A free home sustainability assessment coupled with access to an interest free unsecured Green Loan of up to $10,000 will enable home owners to make improvements and reap the savings of less energy and water use around their homes. The Australian Government will subsidies the interest on a Green Loan of up to $10,000 for a period of up to four years - so for that period, you'll pay no interest, and save money and the environment!

The Green Loan Program enables you to borrow up to $10,000 interest free to make improvements and reap the savings from less energy and water use around your home.

So you can look after the environment, at the same time as reducing your household running costs.

Three easy steps to your interest free Green Loan:

Features of our Green Loan:

Variable interest rate	No interest payable
Application Fee	Nil
Monthly Fee	Nil
Minimum amount	$1,000
Maximum amount	$10,000
Loan period	Up to 4 years
Additional repayments allowed	Yes

Who is eligible?
To be eligible to apply for a home sustainability assessment or a Green Loan you will need to meet certain conditions.

An applicant must be:

• Aged 18 or over
• An Australian citizen, permanent resident and/or an Australian registered charity
• The dwelling owner, a trustee or renter listed on lease
• Have a valid home sustainability assessment report
• Have an income below $250,000
• Satisfy the lending criteria of Nova Credit Union

The house/property being assessed must:

• Be in Australia or its territories
• Have been completed and occupied for at least 12 months (not necessarily by the applicant)

The Green Loan must be for:

• Actions recommended in the home sustainability assessment report as provided by an accredited assessor
• The house/property listed on the report

More Information

• Green Loans Factsheet
• Green Loans FAQs
• Green Loan Declaration Form
• Visit the Australian Government Green Loans Program website

*These interest-free loans are subsidised by the Australian Government’s Green Loans Program. The program also funds free home sustainability assessments—the first step in qualifying for a Green Loan. For details: www.environment.gov.au/greenloans