loans.com.au new green home loan rate is the lowest ever

dad with his child looking at future homes

Online lender, loans.com.au has announced a new cut to its Green Home loan, putting it 117 basis points (bp) below the average variable home loan rate for owner occupiers in Mozo’s database.

The new variable rates came into effect:

  • Green Home Loan: This eco-friendly home loan decreased by 20 bps, rates start at a low 1.88% p.a. (2.30% p.a. comparison rate*). At the time of writing, this green loan is amongst the lowest in Mozo’s database. 
  • Green Construction Loan: For those looking to build a green home, this loan starts at 1.88% p.a. (2.33% p.a. comparison rate*).
  • Green Construction Investor: This investor loan now starts at 2.34% p.a. (2.63% p.a. comparison rate*) for those looking to construct environmentally friendly buildings.

loans.com.au’s managing director, Marie Mortimer says that green loans are the future and they wanted to reward Australian families for choosing to build or buy a more environmentally friendly energy-efficient home.

“These days more and more consumers are looking for sustainable finance options. We were one of the first to launch a 'green' home loan discount, and now we are leading the market once again with the lowest 'green' home loan rates available in Australia,” she says.

In the last week, loans.com.au has been slashing its rates across its many products. Earlier this week it announced ultra low variable car loan rates.

How does loan.com.au’s new rates compare?

For starters, the owner occupier loans are both 117 bps below the 3.05% average variable home loan rate in our database. The green loans are also below the average rate of 2.46% for loans made specifically for eco-friendly homes found in Mozo’s database.

To find out more about these home loans, including all the features and rates involved check out our loan.com.au page.

Otherwise, see how loans.com.au compares against some other great low variable rate loans in the table below or by visiting the Mozo home loan comparison hub.

Home loan comparisons on Mozo - last updated 28 February 2024

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

    Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    6.15% p.a. variable
    6.15% p.a.

    Enjoy a competitive variable interest rate from Up. No application, monthly, annual, redraw, or discharge fees to pay. Up to 50 free offset accounts available. Up home loans are only available to owner-occupiers buying or refinancing in major Australian cities. Up is 100% owned by Bendigo Bank. New joiners get $10 by signing up to the app using code UPHOMEMOZO. (T&Cs apply) Mozo Experts Choice award winner.

    Compare
    Details
  • Neat Home Loan

    Owner Occupier, Principal & Interest, LVR <60%

    interest rate
    comparison rate
    Initial monthly repayment
    6.09% p.a. variable
    6.11% p.a.

    Competitively-priced variable rate loan. Ideal for owner occupiers and investors. No service fees to pay. Make free extra repayments and redraws. Flexible repayment schedule available.

    Compare
    Details
  • Mozo Expert Choice Badge
    Home Fixed Rate

    Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    5.80% p.a.
    fixed 3 years
    6.05% p.a.

    Enjoy the security of a competitive fixed interest rate from Up. No application, monthly, annual, redraw, or discharge fees to pay. Up to 50 free offset accounts available. Up home loans are only available to owner-occupiers buying or refinancing in major Australian cities. Up is 100% owned by Bendigo Bank. New joiners get $10 by signing up to the app using code UPHOMEMOZO. (T&Cs apply). Mozo Experts Choice award winner.

    Compare
    Details
  • Straight Up

    Obliterate, Owner Occupier, Principal & Interest, <50% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    6.24% p.a. variable
    6.24% p.a.

    Get a low variable rate depending on your deposit with Athena’s Straight Up Variable Home Loan. AcceleRATES feature helps you to reduce your home loan even faster (T&Cs apply). Zero fees to pay. Free redraw facility. Handy mobile app to manage your home loan.

    Compare
    Details

* 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

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