In a further step toward advancing our Environmental, Social, and Governance (ESG) Strategy, Mutually valuable banking for people and planet, we are pleased to launch two new purpose-driven products designed to help members reduce their environmental impact.
We believe sustainable choices should also be affordable choices. Our Green Car Loan and Green Upgrades Loan are the latest additions to our impact product suite, making it easier for our members to take meaningful steps toward reducing emissions and saving on energy costs.
“As a mutual bank, we exist to create value for our members and their communities - not shareholders,” said Danny Pavisic, Unity Bank Limited CEO. “These new products reflect our commitment to helping members make positive, practical changes for a more sustainable future.”
Green Car Loan
Our Green Car Loan features a competitive fixed interest rate and reduced fees to support the purchase of eligible hybrid or electric vehicles. It is designed to make lower-emissions transport more accessible for members ready to make the switch.
Green Upgrades Loan
Our Green Upgrades Loan is a personal loan offering a competitive variable interest rate and reduced fees to help members invest in energy-efficient home improvements such as solar panels, insulation, efficient heating and cooling systems, rainwater tanks, and more. Members who already have their home loan with us are eligible for a further discounted interest rate on our Green Upgrades Loan.
These products directly support our ESG strategy, with a focus on reducing financed emissions, promoting environmental responsibility, and empowering members to take practical climate action in their everyday lives.
“We know many of our members want to make greener choices, but cost can be a barrier,” Danny continued. “By offering these loans with competitive rates and fees, we’re helping to remove that barrier - and support more sustainable communities.”
These new offerings align with our broader commitment to environmental responsibility, social impact and financial inclusion. The first impact product delivered under our ESG Strategy was our Essential Worker Home Loan, winner of the 2024 Finder Innovation Award in the Social Impact Innovation category. Designed to recognise the contribution essential workers make to the community by supporting their home ownership journey with a value and feature packed product, it has been very successful in terms of supporting our essential worker community, delivering social impact, driving loan growth and attracting new to bank members aligned to this cohort.
We believe these new products will help to further retain and attract values-aligned members, contribute to our sustainable growth, assist with reporting metrics around green funding and financed emissions, but most importantly, support members who want to play an active role in shaping a cleaner, greener future.
