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

By Maria Gil · · 2 min read
Fact Checked
Advertiser disclosure
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 18 April 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.

    Compare
    Go to site
    Details
  • Offset Home Loan

    Package, Owner Occupier, LVR<60%, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    6.15% p.a. variable
    6.40% p.a.

    Ability to open up to 10 offset accounts per loan account. Fast online application. Linked Debit Mastercard® with fee-free access at ATMs across Australia. Package a credit card with your home loan and the annual card fee will be waived (T&Cs apply). 40% deposit required.

    Compare
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    Details
  • Mozo Expert Choice Badge
    Express Home Loan

    Owner Occupier, Principal & Interest, LVR <90%

    interest rate
    comparison rate
    Initial monthly repayment
    6.01% p.a. variable
    6.14% p.a.

    Get fast online approval from the award-winning Bendigo Bank Express Home Loan. Multiple offset accounts and redraw available. 100% offset on variable rate loans and partial offset on fixed rate. Flexible repayment options. New home loans only.

    Compare
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    Details
  • Neat Home Loan

    Owner Occupier, Principal & Interest, LVR <60%

    interest rate
    comparison rate
    Initial monthly repayment
    6.14% p.a. variable
    6.16% 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
    Go to site
    Details
  • Basic Home Loan

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

    interest rate
    comparison rate
    Initial monthly repayment
    5.99% p.a.
    fixed 3 years
    6.13% 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.

    Compare
    Go to site
    Details
  • Flex Home Loan

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

    interest rate
    comparison rate
    Initial monthly repayment
    6.24% p.a. variable
    6.48% p.a.

    Competitive variable rate. Multiple offset accounts available. Borrowers can also make extra repayments. Redraw facility available. Simple online application process.

    Compare
    Go to site
    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

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.