Commonwealth Bank has launched a green loan with a 0.99 per cent rate. Available to CBA home loan customers, the CBA Green Loan allows borrowers to fund up to A$20,000 of renewables for their homes. The rate is fixed for the 10-year life of the loan. Canstar said the closest low rate for a personal loan is Australian Military Bank’s offer of 3.65 per cent, also for a green loan.

 

An executive at NAB’s personal everyday banking business, Leigh O’Neill, has moved to accounting software company Xero, where she will take up the newly created role of executive general manager for financial services. She will be responsible for expanding Xero’s partnerships with banks and other financial institutions. During her career at NAB, O’Neill spent four years as executive general manager business direct and small business.

 

Finance industry veteran Paul Lahiff has joined the board of consumer lender Harmoney as a non-executive director. Lahiff is also a director of Sezzle, neobank 86 400 and Ness Super.