Infinite Energy Partners with Finance Lender RateSetter
At Infinite Energy, we believe all Australians should have access to the financial and green benefits solar can provide.
To help make solar accessible for all homeowners, Infinite Energy has partnered with RateSetter in order to offer low rate finance for our solar PV systems, solar hot water systems, and battery storage products.
RateSetter is a peer-to-peer lender that offers loans for clean technology products. Like Infinite Energy, they have an outstanding reputation for value and service.
The federal government’s Clean Energy Finance Corporation has invested $20 million into RateSetter, marking the first investment by an Australian Government body through an Australian peer-to-peer lending platform.
Loans facilitated through the new lending market are for an indicative term of 7 years and will fund home and business loans for the purchase of clean technology, such as solar and battery storage.
Why Borrow with RateSetter?
With rates from as low as 8.81% per annum, RateSetter offers rates up to 6% lower than the banks.
Fast Online Applications
RateSetter allows you to apply quickly and easily online, and will provide approvals in as little as 10 minutes.
Flexible Loan Options
RateSetter offers finance for clean technology purchases $2,001 up to $45,000, for terms from six months to seven years.
With no exit or early repayment penalties, RateSetter is one of the most competitive green loans available. For more details, click here to view RateSetter’s Terms and Conditions.
Example of How Much You Can Save with a RateSetter Loan
|Loan Type||RateSetter Green Loan*||Standard Credit**|
|Interest Paid Over 5 Years||$3,600||$8,720|
|Savings with RateSetter||Up to $5,120|
*Comparison rate based on rates available for a 5 year, $30,000 unsecured green loan for a borrower with a good credit history as at 31 May 2017. Your personalised rate may be different to the example. Comparison calculation assumes repayment of $15,000 balance 5 years. Calculations assume 60 equal monthly payments and no repayment amounts.
**Credit card rate stated is RBA F5 average ‘standard’ credit card interest rate as at July 2017 and excludes any annual or monthly fees. Credit card calculation assumes repayment of $15,000 balance over 5 years.
How Do I Apply for a RateSetter Loan?
You can apply for RateSetter Finance in four easy steps by visiting RateSetter.com.au/Infinite.
A loan rate estimate will take just one minute on RateSetter’s website and won’t impact your credit score in any way.
If you’re happy with your estimate, you can apply easily and quickly online in just five minutes.
Depending on your circumstances, you may be instantly conditionally approved for a loan.
Funds will be transferred directly to Infinite Energy, your solar PV provider.
RateSetter – The Bottom Line
Canstar, Australia’s biggest financial comparison site analysed 290 personal loan products from 78 lenders in 2017. RateSetter became the first peer-to-peer lender to win a five-star rating for outstanding value by the site.
RateSetter is also the highest rated personal finance provider on independent review website ProductReview.com.au, earning a rating of 4.8/5 from actual borrows.
If solar or battery storage is currently outside of your budget, RateSetter can be a great way to finance your system. For an obligation-free rate estimate, simply visit RateSetter.com.au/Infinite.
For more information about solar and RateSetter, you can request a no obligation callback with Infinite Energy by clicking here.