homeloans.com.au launches a new Green Loan

Homes using green loans to invest in solar panels

Due to the growing environmental concerns, lenders have been launching green loans to help customers make their homes more energy-efficient and eco-friendly. 

Online lender homeloans.com.au has expanded their sustainability initiatives and joined the growing list of green loans providers. 

The Green Loan is for current customers looking to upgrade their homes with energy-efficient enhancements like solar panels, electrical energy storage, battery packs and certain home appliances with energy efficiency of at least 4.5 stars. The loan is used as a top-up to the existing home loan with the lender.

RELATED: Top Green Home Loans in Australia

Customers will benefit from a low introductory rate of 0.89% p.a. (1.73% p.a. comparison rates) for the first five years with loan amounts of up to $25,000. After five years it becomes 2.24% p.a.

Homeloans.com.au chief executive officer Scott McWilliam says: “Switching to clean energy products can help customers save money on their utility bills, and in doing so, they can also reduce their carbon emissions to benefit the environment.”

The average cost for a basic installation for a solar panel system in a home starts at around $3,500 and a system can take about 3-5 years before it pays for itself.

“The Green Loan, our latest initiative, makes credit more accessible to encourage customers to join the movement towards a cleaner, more sustainable future,” says McWilliam.

If you’re one of the many Australians wanting to live a more sustainable lifestyle, check out other ethical options to make your finances green.

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Last updated 19 February 2025 Important disclosures and comparison rate warning*
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Loan amount and LVR will affect interest rates.

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    OMG Home Loan

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    Comparison rate
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    Initial monthly repayment
    $2,995
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    BCU Bank’s OMG owner occupied home loan offers a variety of great low rates depending on your deposit. Save with no ongoing annual fees. Access your extra payments when you need to through the redraw facility. Pre-approval valid for 3 months.

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    Unloan Variable Home Loan

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    Unloan has confirmed they will decrease rates by 0.25% p.a. effective 21 February 2025. Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for borrowers. No application or banking fees. No monthly account keeping or early exit fees. Apply online in minutes.

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    Variable Home Loan 90

    • Principal and Interest
    • LVR <90%
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    Variable
    Comparison rate
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    Initial monthly repayment
    $3,011
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  • Basic Home Loan

    • Fixed
    • Owner Occupier
    • Principal & Interest
    • LVR<70%
    Interest rate
    5.55 % p.a.
    Fixed 2 years
    Comparison rate
    6.05 % p.a.
    Initial monthly repayment
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  • Offset Home Loan

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    Initial monthly repayment
    $2,855
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  • Fixed Home Loan

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    Interest rate
    5.69 % p.a.
    Fixed 2 years
    Comparison rate
    6.20 % p.a.
    Initial monthly repayment
    $2,899
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    Get the security of a competitive fixed rate home loan for 2 years with IMB. Get up to $4,000 cashback (T&Cs apply). Up to 12 months repayments in advance without penalties. Free Internet and Mobile Banking redraws (T&Cs apply). Up to a 30 year loan term. Split loan available. No offset account.

  • Fixed Rate Home Loan

    • Owner Occupier
    • Principal & Interest
    Interest rate
    5.74 % p.a.
    Fixed 2 years
    Comparison rate
    6.16 % p.a.
    Initial monthly repayment
    $2,915
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    Secure a low rate and enjoy the certainty of repayments, with the BCU Fixed Rate Home Loan. Save with no ongoing annual fees. Pay up to $25,000 extra during a fixed period (T&Cs apply). Lock in for up to 5 years.

  • Fixed Rate Home Loan

    • Owner Occupier
    • LVR<80%
    Interest rate
    5.74 % p.a.
    Fixed 2 years
    Comparison rate
    6.21 % p.a.
    Initial monthly repayment
    $2,915
    Go to site

    Get repayment security with fixed rates from one to five years. Free extra repayments of up to $25,000 during the fixed rate period. Fix a portion of your loan and leave the rest variable. Choose to repay weekly, fortnightly, or monthly.

  • Everyday Home Loan

    • Owner Occupier
    • LVR <80%
    Interest rate
    5.94 % p.a.
    Variable
    Comparison rate
    5.99 % p.a.
    Initial monthly repayment
    $2,978
    Go to site

  • Unloan Variable Home Loan

    • Owner Occupier
    • LVR <80%
    Interest rate
    5.99 % p.a.
    Variable
    Comparison rate
    5.90 % p.a.
    Initial monthly repayment
    $2,995
    Go to site

    Unloan has confirmed they will decrease rates by 0.25% p.a. effective 21 February 2025. Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for borrowers. No application or banking fees. No monthly account keeping or early exit fees. Apply online in minutes.

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* 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. You can change the loan amount and term in the input boxes at the top of this table. 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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