Loans.com.au launches a new solar home loan with a discount

By Maria Gil · · 1 min read
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homes investing in solar panels

More Aussies are looking for greener alternatives in home ownership in 2022, and now more lenders are offering competitive home loans with a focus on the environment.

One example is online lender loans.com.au, which has announced a new solar home loan.

The new loan starts at 4.63% p.a. (5.05% p.a. comparison rate*) for owner-occupiers looking to add solar panels to their homes. For investors, rates start at 4.89% p.a. (5.31% p.a. comparison rate*).

Plus, loans.com.au offers borrowers who install a large enough solar power system, an interest rate discount for five years of 0.60% per year.

“Our Solar Home Loan will help people cut their mortgage repayments and their energy bills, while also fighting climate change by moving them to clean, renewable solar power,” says loans.com.au managing director, Marie Mortimer. 

To qualify for loans.com.au's new solar home loan, you must either have solar panels or be planning to install solar panels. 

This solar home loan comes with no monthly or ongoing fees and unlimited additional repayments with unlimited redraws. Loans.com.au also offers an offset sub-account for an extra 0.10% p.a. on top of your loan.

How does loans.com.au's solar home loan compare?

For starters, the solar home loan is 57 basis points below the 5.21% average variable home loan in Mozo’s database. It’s also 34 basis points below the 4.97% p.a. average green home loan variable rate in our database. 

Loans.com.au is one of the many lenders now offering green loans to customers looking for sustainable options to combat the climate crisis. 

If you’re looking to buy property soon, check out Mozo’s home loan guides and tips. Alternatively, you can start comparing home loans below.

Home loan comparisons on Mozo - last updated 20 May 2024

Search promoted home loans below or do a full Mozo database search. Advertiser disclosure
  • Featured Product
    Mozo Expert Choice Badge
    Unloan Variable

    Owner Occupier, LVR <80%

    interest rate
    comparison rate
    Initial monthly repayment
    5.99% p.a. variable
    5.90% p.a.

    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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    Details
  • Basic Home Loan

    Fixed, Owner Occupier, Principal & Interest, LVR<70%

    interest rate
    comparison rate
    Initial monthly repayment
    6.25% p.a.
    fixed 3 years
    6.20% p.a.

    No upfront or ongoing fees. Free extra repayments and redraw facility. Option to earn Qantas points. Min 30% deposit required. Borrow up to $750,000.

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    Details
  • Discounted Home Value Loan

    Owner Occupier, Principal & Interest, LVR 70-80%

    interest rate
    comparison rate
    Initial monthly repayment
    6.09% p.a. variable
    6.09% p.a.

    Enjoy competitive rates for owner occupiers. Enjoy unlimited free extra repayments. Flexibility to redraw additional payments for free. No ongoing monthly service fee. Settlement fee waived on new borrowings from $50,000 (T&Cs apply).

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  • Featured Product
    Mozo Expert Choice Badge
    Unloan Variable

    Investment, LVR <80%

    interest rate
    comparison rate
    Initial monthly repayment
    6.29% p.a. variable
    6.20% p.a.

    Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for investors. No application or banking fees. No monthly account keeping or early exit fees. Apply online in minutes.

    Compare
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    Details
  • Flex Home Loan

    Fixed, Owner Occupier, Principal & Interest, LVR 60-70%

    interest rate
    comparison rate
    Initial monthly repayment
    5.99% p.a.
    fixed 3 years
    6.41% p.a.

    Competitive fixed rate. Multiple offset accounts available. Borrowers can also make extra repayments. Redraw facility available. Simple online application process. 20% deposit required.

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    Details
  • Fixed Rate

    Owner Occupier, Principal & Interest, <80% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    6.54% p.a.
    fixed 2 years
    7.10% p.a.

    Enjoy up to $3000 cashback for eligible first home buyers and $2000 cashback for refinancers on eligible home loans with the ANZ Fixed Rate Home Loan. Get the security of repayment certainty with a competitive locked in rate. No ongoing fees to pay. Offset account on 1-year fixed loans ($10/month fee applies). Interest-only payments allowed.

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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.

^See information about the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

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