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Compare Green Loans in South Africa

Whether your search is for a personal loan or a green loan, South African lenders can offer you a wide variety of loan options that can help you reach your goal.

To compare loan option among these lenders, you can input the loan amount and then adjust the filter to a loan term that best matches your expected monthly payment. It’s quite easy to use. Go ahead and give it a try.

Calculate repayments

Loan Amount



3 months


The Right Personal Loan Matched to You

Estimated Month Repayments
Interest Rate
Repayment Period
12 months
to 72 months
Loan Amounts
to R250,000
MyLoan is the easiest way to get loan offers from many lenders. With one application, you will be pre-vetted at many lenders and can see which lenders can give a loan to you today! provides factual information in relation to financial products. While attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see's Terms of Use.

Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

Wind Farm Green Energy

Green loans for an energy-efficient and sustainable future

Green loans help to support your future investments while also helping the environment. Find out about green loan principles and green loan options that can benefit you in South Africa.

What are green loans?

A green loan is a specialised loan that’s used to completely or partly finance and refinance green projects. Green projects are those that benefit the environment and the climate. Therefore, green loans can be used to finance many environmentally positive projects for businesses, households and individuals:

  • Waste recycling and management.
  • Using cleaner and more efficient sources of energy.
  • Clean transportation.
  • Green technology.
  • Green buildings.

What are green loan principles (GLP)?

Here are four principles that help to explain the difference between green financing and other types of loan instruments:

Use of proceeds

The funds from a green loan should only be used for eligible Green Projects and related expenses that include research and development. The project must have clearly defined environmental benefits. The borrower must assess these benefits, and if it’s feasible, the borrower should also quantify, measure, and report these benefits.

Process for project evaluation and selection

The borrower must outline their environmental sustainability objectives along with the process they have used to decide to determine if the project is eligible.

Management of proceeds

The borrower must use the funds from a green loan transparently and in a way that promotes the integrity of the loan. The funds must, therefore, be placed in a dedicated account or an account where the borrower can easily track the transactions.


Borrowers should collect and maintain updated information on the use of the green loan, and this information is to be reviewed annually until the funds are fully utilised. The reports should contain a list of the Green Projects receiving funds and a short description of the projects. They should also detail the allocation of funds and the expected impact for each project.

What is a green mortgage?

This is money you specifically borrow to purchase a green or energy-efficient house. A green mortgage has favourable terms as long as you can provide sufficient proof that the place you’re buying meets the prescribed environmental standards. You can also use green financing to renovate an old home so it can be certified green. In exchange, you get to borrow more at a lower interest rate.

What is a green personal loan?

Turning your home green saves energy, money, and the environment. A green personal loan can help you make the following energy-efficient changes:

  • Install solar panels;
  • LED lighting;
  • Green landscaping;
  • Home insulation improvements;
  • Energy-efficient home electronics and appliances;
  • Window and door replacement;
  • Installing cool roofing;
  • Energy-efficient stoves; and
  • Water-saving systems.

Find the best green loans and solar loans in South Africa

There’s a wide variety of projects that are eligible for green finance. CompareLoans can help you find the green loan, personal loan, or solar loan you need to save money and streamline the environmental performance of your home or business. Before you get started on your application here are a few tips to help you compare green loans:

  • Interest rates. Your interest rate can be variable or fixed but always find the most competitive offer available for your credit score.
  • APR. The Annual Percentage Rate is a good comparison rate to use since it includes the interest rate and other loan charges and fees.
  • Loan amount. If you already have a contractor’s or supplier’s quote, find out if the loan amount you need is within the minimum and maximum limits set out by the lender.
  • Collateral. Find out if the loan is secured or unsecured and choose a loan that suits your situation or preferences.
  • Requirements. South African lenders have slightly different requirements, so make sure you’re eligible before applying. General requirements include a valid South African ID, minimum of 18 years, and proof of residence.
  • Monthly repayments. Our green loan repayment calculator helps you find affordable instalments that align with your budget. Make use of the sliding tools to enter your loan amount and term. Next, click calculate and check for the results in our comparison tables above.

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