Make the Most of Summer Rays with January’s Best Personal Loans
Whether you want to take a well-deserved vacation while the days are still long or you want to start the process of solar powering your home, the warmer weather could be just a reminder.
According to the Australian government Australia makes positive energy campaign, more than one in four Australian homes already use rooftop solar, which is the highest usage in the world.
The campaign also revealed that solar power contributed nearly 10% of Australia’s electricity generation in 2020 and is expected to contribute 27% by 2030.
The government estimates that by 2050 more than half of Australian homes could have solar photovoltaic (PV) systems, and that increasing our use of solar energy will be key to helping Australia achieve zero emissions net by 2050.
Since solar energy is produced when the sun’s energy is converted into electricity, it makes sense that the sunniest months might seem like a slight push to consider the benefits of installing solar panels on rooftops. Not only could this allow you to help reduce greenhouse gas emissions, but it could potentially save you money on your electricity bills in the long run.
If you’re looking to finance your rooftop solar installation, you could save on interest costs with a green personal loan. This type of specialized personal loan product is usually offered by lenders at a lower interest rate than standard personal loans to incentivize borrowers to make environmentally friendly purchases.
But if it’s a standard personal loan you’re looking for – say, to book a relaxing summer break – RateCity’s database has a wide range of competitive products available to suit a variety of needs.
RateCity has rounded up some of the top rated personal loans for January 2022 to help you start your comparison.
(Rankings correct at time of publication. Please note that lenders may swap places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.)