new green home loan rate is the lowest ever

dad with his child looking at future homes

Online lender, 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.’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, has been slashing its rates across its many products. Earlier this week it announced ultra low variable car loan rates.

How does’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 page.

Otherwise, see how 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 13 August 2022

Search promoted home loans below or do a full Mozo database search . Advertiser disclosure
  • Unloan Variable

    Owner Occupier, Refinance Only

    interest rate
    comparison rate
    Initial monthly repayment
    3.14% p.a. variable
    3.06% p.a.

    For refinancers only. 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 in as little as 10 minutes.

  • Smart Booster Home Loan

    2 Year Discounted Variable Rate, Owner Occupier, Principal & Interest, <80% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    3.60% p.a.variable for 24 months and then 4.00% p.a. variable
    3.96% p.a.

    Already includes July RBA rate increase. New super low introductory rate home loan for two years. Min 20% deposit. No monthly or ongoing fees. Fast settlement times. Mozo award-winning online lender. Friendly, local Australian based team.

  • Celebrate Variable Home Loan

    <60% LVR, Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    3.79% p.a. variable
    3.79% p.a.

    Fast and efficient online application. Automatic discounts as loan is paid down. Free extra repayments and redraw facility. Zero fees. Min 40% deposit required.

  • PAYG Home Loan

    Owner Occupier, Principal & Interest, LVR<80%

    interest rate
    comparison rate
    Initial monthly repayment
    3.29% p.a. variable
    3.33% p.a.

    Low variable rate. Ideal for new home buyers or refinancers. Unlimited additional repayments. Unlimited free redraw. Application completely online. Optional 100% offset can be added for $120 p.a.. 20% deposit required.


* 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.

^See information about the Mozo Experts Choice Home Loan Awards

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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.