loans.com.au cut the whole range of its green loans by 20 basis points:

  • Green Construction Loan: Now 1.88% p.a. (2.33% p.a. comparison rate*)
  • Green Home Loan P&I Variable: Now 1.88% p.a. (2.30% p.a. comparison rate*)
  • Green Inv Construction Loan: Now 2.39% p.a. (2.84% p.a. comparison rate*)

    To qualify for a green loan, borrowers must have their home qualify under the 'NatHERS' rating system and achieve a rating of at least 7/10.

    This rating encompasses the home's design, construction materials, and the climate where it has been built.

    loans.com.au managing director Marie Mortimer said these are the lowest green home loan rates in the country.

    "Our green home loan and green construction loan discounts will save Australian families thousands of dollars and reward them for choosing to build or buy a more environmentally friendly energy-efficient home," Ms Mortimer said.

    "Borrowers simply need to show us the home’s 7-star NatHERS rating from an accredited assessor, which is typically always included in the building plan for all new buildings, and the application will go through our usual approval process.

    "The savings you get on your home loan by choosing to go green could easily cover any costs of opting for an environmentally friendly home."

    An example of some of the green home loans for owner occupiers are seen in the table below.

    Update resultsUpdate
    LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
    6.19% p.a.
    6.58% p.a.
    $2,589
    Principal & Interest
    Variable
    $0
    $530
    90%
    Featured 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
    5.69% p.a.
    6.37% p.a.
    $2,319
    Principal & Interest
    Fixed
    $350
    $0
    90%
    5.84% p.a.
    5.89% p.a.
    $2,357
    Principal & Interest
    Variable
    $0
    $0
    60%
    5.95% p.a.
    6.23% p.a.
    $2,385
    Principal & Interest
    Variable
    $299
    $0
    80%
    5.98% p.a.
    6.42% p.a.
    $2,393
    Principal & Interest
    Variable
    $350
    $0
    90%
    5.99% p.a.
    6.51% p.a.
    $2,589
    Principal & Interest
    Variable
    $0
    $530
    90%
    6.14% p.a.
    6.19% p.a.
    $2,434
    Principal & Interest
    Variable
    $0
    $0
    60%
    6.09% p.a.
    6.37% p.a.
    $2,421
    Principal & Interest
    Variable
    $0
    $0
    80%
    6.64% p.a.
    6.67% p.a.
    $2,565
    Principal & Interest
    Variable
    $0
    $250
    95%
    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 . View disclaimer.

    Bendigo Bank slashes green personal loan rates

    Bendigo Bank cut rates on both unsecured and secured personal loans.

    Unsecured green loans were cut by 480 basis points, or 4.8%, and are designed for purchasing solar panels, grey water treatment systems, solar batteries and so on.

    The unsecured rate is now 6.99% p.a. (8.01% p.a. comparison rate*).

    Meanwhile, the secured rate was cut by 180 basis points, or 1.8%, and is designed for the purchase of a 'green' vehicle emitting less than 130g of CO2 per kilometre.

    The secured rate is now 4.99% p.a. (5.35% p.a. comparison rate*).

    Loan terms are available anywhere from one to seven years.

    In the interest of full disclosure, loans.com.au and Savings.com.au are both associates of Firstmac.


    Advertisement

    In the market for a new car? The table below features green car loans with some of the lowest interest rates on the market for low-emissions vehicles.

    Update resultsUpdate
    LenderCar LoanInterest Rate Comparison Rate* Monthly Repayment Interest Type Vehicle Type Maximum Vehicle Age Ongoing Fee Upfront Fee Total Repayment Early Repayment Instant Approval Online Application TagsFeaturesLinkCompare
    6.09% p.a.
    7.21% p.a.
    $581
    Variable
    New
    1 year
    $8
    $400
    $34,874
    Featured
    • Discounted rate on qualifying electric cars
    • Up to 7 yrs loan term
    • Redraw available up to $5,000/day
    5.99% p.a.
    7.20% p.a.
    $580
    Fixed
    New, Used
    7 years
    $12
    $250
    $34,791
    5.99% p.a.
    5.99% p.a.
    $580
    Variable
    New
    No Max
    $0
    $0
    $34,791
    6.19% p.a.
    6.54% p.a.
    $583
    Variable
    New
    No Max
    $0
    $250
    $34,958
    6.25% p.a.
    6.52% p.a.
    $583
    Fixed
    New, Used
    3 years
    $0
    $195
    $35,009
    Important Information and Comparison Rate Warning

    All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here.

    The comparison rates in this table are based on a loan of $30,000 and a term of 5 years unless indicated otherwise. The comparison rates for car loans and secured personal loans for the relevant amounts and terms are for secured loans unless indicated otherwise. The comparison rates for unsecured personal loans are applicable for unsecured loans only. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.

    Monthly repayment figures are estimates only, exclude fees and are based on the advertised rate for the term and for the loan amount entered. Actual repayments will depend on your individual circumstances and interest rate changes. Rates correct as of . View disclaimer.

    Photo by ulleo on Pixabay





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