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.

    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
    FixedMore details

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

      VariableMore details

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

        VariableMore details

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

          VariableMore details

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

            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 December 8, 2023. 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.

                Lender

                FixedNew1 yearMore details
                Approval within 24 hours
                • Save the planet. Save thousands on your car loan.
                • 1% discount on qualifying electric cars
                • Required: Good credit history, stable employment history. Aus citizenship or PR.
                Approval within 24 hours

                Green Car Loan Fixed

                • Save the planet. Save thousands on your car loan.
                • 1% discount on qualifying electric cars
                • Required: Good credit history, stable employment history. Aus citizenship or PR.
                FixedNew, Used7 yearsMore details

                Hybrid and Electric Car Loan

                  FixedNew, Used99 yearsMore details

                  Electric Vehicle Loan (Fixed)

                    VariableNew99 yearsMore details

                    Green Car Loan

                      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 December 8, 2023. View disclaimer.

                      Photo by ulleo on Pixabay





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