Owner occupiers making principal and interest repayments with a Wealth Package and at least a 20% deposit will receive the discounted rate provided the home meets certain sustainability and energy-efficient criteria.

Eligible new and existing CommBank customers can submit an expression of interest from today, with applications to open in May.

CommBank customers will be eligible for the Green Home offer if their new home is certified by the Green Building Council of Australia as a 'Green Star Home' or if the new home or renovations meet all of the following:

  • Meet the Nationwide House Energy Rating Scheme’s (NatHERS) 7 stars or greater rating
  • Have solar panels
  • Electrified through the installation of a hot water system heat pump with no gas.

CommBank’s Executive General Manager of Home Buying Dr Michael Baumann said CommBank wants to reward new and existing customers who are taking steps to make homes more efficient, comfortable and healthier for them and the environment.

“We expect all residential homes to be built to these standards over the coming years as we move towards a net zero future and by introducing the new Green Home Offer we want to encourage customers to take steps now to protect the environment and their home," Dr Baumann said. 

"With one in four home loans with CommBank, we have a responsibility to provide customers with accessible solutions that reduce their environmental footprint."


    Advertisement

    Building or buying an energy-efficient home? This table shows some of the lowest interest rates in the market for 'green' home loans.

    Lender

    VariableMore details
    90% LVR
    • You MUST already have Solar or a documented plan to install within 90 days to be eligible for this loan
    • Available for refinance or purchase
    • No monthly, annual or ongoing fees
    90% LVR

    loans.com.au – Solar Investor Loan (Principal & Interest) (LVR < 90%)

    • You MUST already have Solar or a documented plan to install within 90 days to be eligible for this loan
    • Available for refinance or purchase
    • No monthly, annual or ongoing fees
    VariableMore details

    Gateway Bank – Green Plus Home Loan (Principal and Interest) (LVR < 80%)

      VariableMore details

      loans.com.au – Solar Home Loan (Principal & Interest) (LVR < 90%)

        VariableMore details

        Gateway Bank – Green Plus Investment Loan (Principal and Interest) (LVR < 80%)

          FixedMore details

          Bank Australia – Clean Energy Home Loan Package - Eco Plus Fixed 3 Years (Principal & Interest) (LVR < 90%)

            VariableMore details

            Summerland Bank – Eco Investment Loan (New Customer) (LVR < 60%)

              VariableMore details

              Regional Australia Bank – Sustainable Home Loan (Principal and Interest)

                VariableMore details

                Firstmac – Solar Investment Loan (Principal and Interest) (LVR < 90%)

                  Important Information and Comparison Rate Warning

                  Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of March 1, 2024. View disclaimer.





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