Have an energy efficient home? Loans.com.au has a discounted home loan rate

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Online lender loans.com.au has announced their new green home loans, helping pave the way for more green finance options in Australia. 

After their success with helping people finance eco-friendly cars with the green car loan discount in 2018, loans.com.au wants to continue to make a positive impact to the environment by providing discounts to people with energy-efficient homes.

“We’ve seen a shift in recent years - now consumers are looking for more sustainable options, and that extends to their finance. We’ve been proactive in creating products which meet the needs of the future and ensuring our lending leads the way on sustainability,” Marie Mortimer, loans.com.au managing director. 

The new discounted rates are for green home construction homes and owner-occupied green home loans. Borrowers constructing their own green homes may receive up to a 1.59% discount off loans.com.au standard rate (2.08% p.a. [2.39% p.a. comparison*] with the discount applied) for the first five years of the loan as long as the home has at least a 7-star Nationwide House Energy Rating Scheme (NatHERS) rating.

Green home buyers who are looking to use loans.com.au as their lender may receive up to a 0.4% discount on newly built homes in the last 12 months that have at least a 7-star NatHERS rating. 

RELATED: Top green home loans in Australia

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

“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.”

If you are part of the growing number of Australians who want to make their homes more sustainable to help combat climate change, you may qualify for a number of green home loans available in the Australian market.

Want to learn more? We’ve taken a closer look at loans.com.au new green home loan below.

Loans.com.au - Green Home Loan 90

Loans.com.au - Green Home Loan 90
  • Variable rates from 2.08% p.a. (2.36% p.a. comparison rate*)
  • No ongoing fees
  • Optional 100% offset facility (extra interest loading applies)

This green home loan is specially designed for borrowers with eco-friendly, energy efficient homes with a NatHERS star rating of 7.0 or higher. Borrowers may receive a variable rate starting from 2.08% p.a. (2.36% p.a. comparison rate*) for loans from $50,000 to $2,000,00 with a LVR up to 90%. This loan could be best for new eco-friendly properties built in the last 12 months and for borrowers wanting seriously low variable rates.

If you are curious how loans.com.au green home loans compare against its competition, check out Mozo’s home loan comparison tables.

* 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

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