Looking to go green with your home in 2022?

woman excited to get a green home loan

If you’re looking to buy or build an environmentally friendly home, chances are you could qualify for a green home loan.

A green home loan is essentially a home loan made for eco-friendly houses. However, to qualify for a green home loan you have to prove to your lender that your home is energy efficient and overall environmentally friendly.

Criteria for what is considered a green home can change from lender to lender but generally your home has to receive certification from one of these organisations:

  • Nationwide House Energy Rating Scheme (NatHERS)
  • A Residential Efficiency Scorecard
  • Passive House Certification
  • Green Star, Design & As Built score

Before you apply for any certifications make sure you double check the exact requirements from your potential lender.

How to get a green home loan?

Getting a green home loan is much like applying for a normal home loan, plus the needed certification as mentioned above.

You will need to:

  • Figure out how much you can borrow.
  • Have saved up for a home loan deposit.
  • Check if you’re eligible for home loan grants.
  • Find out your lender’s green home requirements.
  • Make sure to check that your credit score is top notch.
  • Apply and wait for approval.

What are my green home loan options?

Even though Aussies have become more environmentally conscious, the number of green loans are quite limited. You can check out Mozo’s green home loan page to find out about some potential green options. If you are looking for the best overall green home loan out there, then look no further than Bank Australia’s Clean Energy Home Loan, which won the 2021 Mozo Experts Choice Award in the Green Home Loan category.

If you want to learn more about having a financially green lifestyle you can check out our ethical suggestions. If you are looking for a home loan and are not quite ready to commit to a green option check out our home loan comparison table.

Home loan comparisons on Mozo - last updated 18 April 2024

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