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Tesla Powerwall Loan

For the purchase and installation of a Tesla Powerwall and upgrading or installing associated solar panels

Store energy, power your home, 24/7 protection

Credit Union SA home loan holders

Credit Union SA home loan holders

5.84

%

p.a.

Comparison Rate^

5.84

%

p.a.

Application fee *

$250

Monthly loan service fee

$0

*Application fee waived for Credit Union SA home loan package holders, education community and community banking members.^

Enjoy a special low fixed rate personal loan with no monthly loan service fee or early repayment fee.

And as a bonus, if you have your home loan with Credit Union SA or take out a home loan with us, you’ll get a special fixed rate on your Tesla Powerwall Loan.

For a limited time only, Tesla will also be giving away a $750 rebate on all new Powerwall units installed and registered before December 31, 2023.

Tesla Powerwall is a compact home battery that reduces your reliance on the grid by storing your solar energy for use when the sun isn’t shining.

You can use our Tesla Powerwall Loan to buy and install Tesla Powerwall and associated solar panels

No early repayment fee

The ability to make extra repayments or pay off your loan sooner with no fee

$0 monthly loan service fee

No monthly service fee

$0 establishment fee*

*if you have a home loan package or are part of the community banking program or education community.

Repayments that suit you

The flexibility to make weekly, fortnightly or monthly repayments

Tesla Powerwall Loan

Product NameInterest RateComparison rate
Credit Union SA home loan holders5.84% p.a.5.84% p.a.
Non-Credit Union SA home loan holders7.64% p.a.7.99% p.a.

Establishment fees

Fee

Amount

Credit Union SA Home Loan holders

Home loan package holders

$0

Any other home loan type

$250

Non-Credit Union SA Home Loan holders

Non-home loan holders

$250

KEY BENEFITS

Tesla Powerwall Loan

The ability to make extra repayments or pay off your loan sooner with no fees
$0 monthly loan service fee
$0 establishment fee (if you have a home loan package, are part of the education community or a community banking program member)
The flexibility to make weekly, fortnightly or monthly repayments
Use stored energy to power your home during an outage
Power your home with solar energy day or night

Keep appliances running with little interruption

Standard Ten-year Warranty on Powerwall or Tesla Powerwall Limited Warranty Extension is available under Tesla Energy Plan (up to 15 year term)

Tesla Powerwall Loan

Store energy, power your home, 24/7 protection

Fill out your details and one of our experienced lenders will contact you at your preferred time to go through your application. It’s that easy!

A resource hub for solar panels, batteries and power

Credit Union SA is South Australia's third largest credit union, with $1.7 billion in assets and over 54,000 members.

As a customer owned banking organisation, we are not driven by the need to return dividends to shareholders in the manner of the major banks. As a result, we're able to channel the profits we generate back to our membership and broader community.

This is achieved in the form of innovative new products and services, low fees, great interest rates, high levels of personal service, and community development initiatives and project funding.

Credit Union SA was formed on 1 October 2009 by a merger between former South Australian credit unions Satisfac and Powerstate, which had their origins in the education and industrial sectors respectively. Both organisations were renowned for their local knowledge

A credit union is a member-owned financial organisation. Credit unions are created and operated for the benefit of their members and wider community.

Learn more about us

I have a Credit Union SA home loan

You may be eligible for the lower rate if you hold a home loan with Credit Union SA. Standard lending eligibility and criteria applies.

If you’re in the process of applying for a home loan with Credit Union SA, you are also eligible for the special rate, provided the Tesla Powerwall Loan settles after your eligible home loan does.

I don't currently have a Credit Union SA home loan

You can still apply for our Tesla Powerwall Loan if you don't have a Credit Union SA home loan but you will not be eligible for our special rate. A higher, but still competitive, rate will apply.

Standard lending eligibility and criteria applies.

How to apply

Fill out your details and one of our experienced lenders will contact you at your preferred time to go through your application. It’s that easy!

INFORMATION YOU SHOULD KNOW

^Conditions, fees and lending criteria apply. Interest rates are subject to change without notice. Minimum loan amount of $5,000 up to a maximum of $30,000 and the interest rate is fixed for the life of the loan up to a maximum of 5 years.

Comparison rates are based on a $30,000 loan over 5 years. WARNING: Comparison rates are 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.

The target market for this product can be found within the product’s Target Market Determination (TMD), available at creditunionsa.com.au/legal/terms-and-conditions/target-market-determination