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 22 January 2022

Search promoted home loans below or do a full Mozo database search. Advertiser disclosure
  • Mozo Expert Choice Badge
    UHomeLoan - Discount Offer
    interest rate
    comparison rate
    Initial monthly repayment
    1.99% p.a. variable
    1.99% p.a.

    Enjoy a super low rate. $0 fees to consider. Fast and easy online application. Free redraw and free extra repayments. Flexible payment terms. Min 20% deposit required.

    Details
  • Mozo Expert Choice Badge
    Celebrate Variable Home Loan
    interest rate
    comparison rate
    Initial monthly repayment
    1.89% p.a. variable
    1.89% 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. Winner of three Mozo Expert's Choice Awards for 2021.

    Details
  • Mozo Expert Choice Badge
    Variable Home Loan Special
    interest rate
    comparison rate
    Initial monthly repayment
    1.99% p.a. variable
    2.02% p.a.

    Yard’s low-rate variable special home loan is packed with all features – unlimited additional repayments, free redraw, 100% offset account. Enjoy a simple online application. Special rate applies to home loan applications submitted by 31st January 2022. Low Cost Home Loan winner in the Mozo's Experts Choice award 2021.

    Details
  • Economy Variable Home Loan
    interest rate
    comparison rate
    Initial monthly repayment
    1.98% p.a. variable
    2.15% p.a.

    An ongoing low variable interest rate with free redraw, flexible repayment options and one free valuation. Discounted Economy variable rate available for owner occupier lending with max LVR of 70%. Refinance to BOQ by 31 January 2022 and get $3,000 cashback (T&Cs apply).

    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, 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

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.