Green Loans
Green Loans are loans offered at discounted rates to homeowners/investors with certain energy efficient features in their homes such as solar, double glazed windows or heat pump hot waters systems.
The discount can be applied to your whole home loan if you have a NatHERS 7* Rating or a (GBCA) Green Star Home or the right package of green features.
Who Qualifies for Green Loans?
Contrary to a common misconception, green loans are not limited to owner-occupiers alone. Whether you are a homeowner or an investor, you can explore green financing options.
Owner Occupier, Investor, First Home Buyer
What Types of Properties Are Eligible?
Green loans extend beyond new homes. They also apply to refinancing, construction projects, and the purchase of both new and existing homes.
New Home, Existing Home, Construction, Renovation
Are the discounts worth it?
Yes, you can save thousands on your annual loan repayments. See our case studies.
Already have a loan? See how much you can save with our Green Loan Savings Calculator.
Who offers Green Loans in Australia ?
Green loans are offered by the big banks, non bank lenders and several mutual banks including: ANZ, CBA, NAB, Suncorp, Firstmac, Gateway Bank, Bank Australia and others
Each lender differs as to what qualifies for their green:
Solar
NatHERS
Green Star
Passive House
Size of Solar System relative to house size
No Gas
New homes only
Owner Occupiers only
Existing Homes only
In addition to the green criteria, lenders will assess your creditworthiness.
Income type (salary, self-employed, commission, bonus, over time)
Personal Circumstances ( age, marital status, dependents)
Loan Type (fixed, variable, Split)
Debt-to-income ratio
Debt to asset ratio
Lenders differ on:
the size of loan that will be offered
the discount that will be offered
the time period that the discount will be offered
The devil is in the details and getting them right is crucial to finding the most suitable green loan for your unique circumstances.
