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Bank Australia Clean Energy Fixed Home Loan

Advertiser disclosure
The details shown below are for an owner occupier taking out a principal & interest loan of at least $10,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $10,000 with an LVR below 90%

Choose the version of this loan that suits you best

Availability Loan type LVR Min loan amount Max loan amount
Owner Occupier Principal & Interest < 90% $10,000
Owner Occupier Principal & Interest < 90% $10,000
  • Owner Occupier (Principal & Interest)
    LVR < 90%
    Loan: $10,000
  • Owner Occupier (Principal & Interest)
    LVR < 90%
    Loan: $10,000
Fixed 3 year rate
5.89% p.a.
Comparison Rate
6.41% p.a.
Service fee
$350.00 yearly
Upfront fee
$0
Fixed 3 year rate
5.79% p.a.
Comparison Rate
6.39% p.a.
Service fee
$350.00 yearly
Upfront fee
$0

Mozo editorial review Bank Australia Clean Energy Fixed Home Loan - last updated: 12 March 2024

binocular icon
What's hot
  • 5.89% p.a. 3-year fixed rate (6.42% p.a. comparison rate*)
  • Free extra repayments up to $30,000 over fixed term
What's not
  • $350 yearly service fee
Mozo snapshot

With interest rates starting from 5.89% p.a. (6.42% p.a. comparison rate*), this green home loan could provide a great incentive for anyone looking to buy or build a more eco-friendly home, specifically one with a high energy efficiency rating. 

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Key features

The Clean Energy Home Loan Eco / Eco Upgrade comes with a 3-year fixed rate of 5.89% p.a. (6.42% p.a. comparison rate*). 

You'll also be able to take advantage of a 10% discount on general insurance products including building, contents and comprehensive motor insurance. You’ll also have the fee waived on your Everyday Access account or Mortgage Offset accounts. And if you’re looking to apply for the Platinum Rewards Visa Credit Card, you’ll not only have the fee waived, but you’ll also enjoy 0% interest on balance transfers for the first 12 months.

Plus if you want to reduce the amount of interest you pay, you also have the option to open a Mortgage Offset account with unlimited transactions. 100% of the balance in your Mortgage Offset account will be used to offset your home loan and reduce the amount of interest you owe each month. On top of that, you could also play it safe with a fixed rate and benefit from a lower variable rate at the same time, if you choose to split your loan repayments into two different accounts.

Another handy feature of this home loan is the ability to either apply an eco pause or a parental pause for three or six months. If you’re planning eco-upgrades to your abode or you’re about to welcome a little bub into the world, then you can apply for a pause on your loan repayments for a maximum of six months. Although you will still have to pay the relevant interest owed during the pause period.

snapshot
Who is it good for

This loan is great for any eco-warriors out there who have a deposit saved up and plan to build or buy a more eco-friendly home. So if the home you’re planning to build meets any of the following criteria then you could be rewarded with a pretty substantial discount:

  • 7 plus star NatHERS rating

  • 7 plus star Residential Efficiency Scorecard (excludes the impact of installed/installing rooftop solar)

  • Passive House Certification

  • Green Star - Design & As Built v1.2 score 8 points or more on the credit ‘15 Greenhouse Gas Emissions’

question icon
Any catches

This home loan comes with a $350 yearly fee, so before you sign up it might be worth figuring out if all the perks are worth it for the annual price. 

Details

Rates and fees information correct as at 29 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

n/a

n/a

5.89% (6.41%*)

n/a

n/a

n/a

n/a

6.18% p.a.

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$350.00 yearly

$250.00

Other financial bits

$10,000

none

none

90.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $30,000 for the term of the fixed rate loan.

yes

no

$0.00

yes

yes - $20,000 cap

Property must have NatHERS rating of 7+ stars, or Residential Efficiency Scorecard rating of 7+, or a Passive House Certification, or three Eco Upgrades completed 12 months prior to applying.

10% off your general insurance premiums, no annual fee and 0% interest for 12 months on balance transfer on Platinum Rewards VISA credit card

none

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.

Details

Rates and fees information correct as at 29 March 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

n/a

n/a

5.79% (6.39%*)

n/a

n/a

n/a

n/a

6.18% p.a.

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$350.00 yearly

$250.00

Other financial bits

$10,000

none

none

90.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $30,000 for the term of the fixed rate loan.

yes

no

$0.00

yes

yes - $20,000 cap

Property must have NatHERS rating of 7.5+ stars and solar panels (min 3kW), or Green Star Homes certification.

10% off your general insurance premiums, no annual fee and 0% interest for 12 months on balance transfer on Platinum Rewards VISA credit card

none

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.

Customer Reviews

How are Bank Australia home loans rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

About Bank Australia

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6.58% p.a.

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5.99% p.a. variable

5.90% p.a.

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Basic Home Loan (Fixed)

5.99% p.a.
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6.13% p.a.

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6.14% p.a. variable

6.16% p.a.

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Basic Home Loan

6.15% p.a. variable

6.17% p.a.

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Unloan

Variable

5.99% p.a. variable

5.90% p.a.

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Sucasa

Ultra Low Rate

6.30% p.a. variable

6.58% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a. variable

6.14% p.a.

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ubank

Neat Home Loan

6.14% p.a. variable

6.16% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.15% p.a. variable

6.40% p.a.

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Unloan

Variable

6.29% p.a. variable

6.20% p.a.

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ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.37% p.a.

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Macquarie

Basic Home Loan (Fixed)

5.99% p.a.
fixed 3 years

6.13% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Sucasa
Sucasa

Ultra Low Rate

6.30% p.a.

6.58% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.15% p.a.

6.40% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

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BCU Bank

OMG Home Loan

5.99% p.a.

6.00% p.a.

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ubank

Neat Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.15% p.a.

6.17% p.a.

Thumbnail icon for BCU Bank
BCU Bank

Fixed Rate Home Loan

p.a.

6.30% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.04% p.a.
fixed 3 years

6.15% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

5.99% p.a.
fixed 3 years

6.13% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

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ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

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ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

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BCU Bank

Fixed Rate Home Loan

6.29% p.a.
fixed 3 years

6.30% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.09% p.a.
fixed 3 years

6.19% p.a.

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.

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