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Solar Loan

Maleny Credit Union’s Solar Loan was developed to provide members with a “special” loan for the specific purpose of purchasing and installing PV panel or solar hot water systems.

Features

  • Redraw facility free for amounts over $2,000, otherwise $25 fee per redraw
  • Make additional repayment with no penalty
  • Pay weekly, fortnightly or monthly
  • No early payout penalty

 

Interest Rate Comparison Rate Effective of
Solar Loan 8.95% 11.37% Current
Eligibility criteria, terms & conditions, fees may apply. Comparison rate based on a unsecured loan of $10,000 over 3 years. Rate is subject to change WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other credit amounts might result in a different comparison rate. Maleny Credit Union (MCU Ltd trading as), Australian credit licence 246921.

Criteria

In addition to satisfying normal credit guidelines, borrowers need to meet the following criteria:

  • Maximum Term 10 years
  • Minimum Amount $3,000
  • Maximum Amount $20,000
  • Unsecured Loan
  • Application Fee $200
  • Monthly Fee $5

 

Loan Prequalification Form

Loan Application Form (pdf)  

Products issued by MCU Ltd ABN 52 087 650 995 AFSL/ Australian credit licence 246921. Your needs and financial circumstances have not been taken into account. Fees and charges apply see Loan Fees and Charges. Terms of Loan contract are available on request. Email info@mcu.com.au or visit our branch. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. This offer is subject to change without notice.