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loans.com.au Green Home Loan

Advertiser disclosure
The details shown below are for an owner occupier taking out a interest only loan between $50,000 and $2,000,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $2,000,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $50,000 and $2,000,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan between $50,000 and $2,000,000 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 Interest Only < 80% $50,000 $2,000,000
Owner Occupier Principal & Interest < 90% $50,000 $2,000,000
Investor Principal & Interest < 90% $50,000 $2,000,000
Investor Interest Only < 90% $50,000 $2,000,000
  • Owner Occupier (Interest Only)
    LVR < 80%
    Loan: $50,000 $2,000,000
  • Owner Occupier (Principal & Interest)
    LVR < 90%
    Loan: $50,000 $2,000,000
  • Investor (Principal & Interest)
    LVR < 90%
    Loan: $50,000 $2,000,000
  • Investor (Interest Only)
    LVR < 90%
    Loan: $50,000 $2,000,000
Rate
6.49% p.a.variable for 60 months and then 6.73% p.a.
Comparison Rate
6.67% p.a.
Service fee
$0.00
Upfront fee
$530
Rate
5.99% p.a.variable for 60 months and then 6.73% p.a.
Comparison Rate
6.51% p.a.
Service fee
$0.00
Upfront fee
$530
Rate
6.19% p.a.variable for 60 months and then 6.73% p.a.
Comparison Rate
6.58% p.a.
Service fee
$0.00
Upfront fee
$530
Rate
6.49% p.a.variable for 60 months and then 6.73% p.a.
Comparison Rate
6.67% p.a.
Service fee
$0.00
Upfront fee
$530

Mozo editorial review loans.com.au Green Home Loan - last updated: 19 March 2024

binocular icon
What's hot
  • Low variable rates from 5.99% p.a. (6.51% p.a. comparison rate*)
  • No ongoing fees
  • Optional 100% offset facility
What's not
  • Valuation and settlement fees
Mozo snapshot

Online lender loans.com.au has launched a new mortgage option specifically for borrowers with environmentally friendly, energy efficient homes: the Green Home Loan. The loan features some seriously low variable rates starting from just 5.99% p.a. (6.51% p.a. comparison rate*), plus there are a number of features which may give borrowers extra flexibility when it comes to managing their loan.

key icon
Key features

First things first, as the name implies, the Green Home Loan is specifically for ‘green’ homes. That means that in order to be eligible, your property needs to be accredited under the government-run Nationwide House Energy Rating Scheme (NatHERS) as having a 7.0 star rating or higher.

Borrowers with homes that do qualify will be able to access some of the lowest variable rates around, as the Green Home Loan comes with a 5 year intro variable rate of 5.99% p.a. (6.51% p.a. comparison rate*) for owner occupiers and investors. This rate is offered at a discount of up to 0.84% for 5 years.

The minimum loan size is $50,000, and the maximum is $2 million. All borrowers must have a loan-to-value ratio (LVR) of 90% or less. For the interest-only loan option, however, the maximum LVR is 80%.

How about loan features? Well there’s a few of them, as loans.com.au gives its Green Home Loan customers the option of making extra repayments towards their loan, making redraws and splitting the loan into fixed and variable portions. Repayments can also be made on a weekly, fortnightly or monthly basis. There’s even a 100% offset account available to borrowers wanting to reduce their interest repayments, at a cost of an additional 0.10% per year on the variable rate.

snapshot
Who is it good for

With its low variable rates for both owner occupiers and investors, plus a bunch of useful features, the Green Home Loan from loans.com.au could be a solid choice for Australians with an environmentally friendly home who are on the hunt for a green home loan.

question icon
Any catches

The major catch with this loan is the NatHERS requirements we’ve already outlined above, but there are also a few fees worth mentioning. While there are no ongoing fees to worry about, there are one-off valuation ($230 or at cost), settlement ($300), discharge ($300) and discharge documentation ($250 applicable if loan doesn't go to full term) fees. 

Details

Rates and fees information correct as at 27 May 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

6.73% p.a.

6.49% p.a.

60 Months

Variable

6.67% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$230.00

$300.00

n/a

$0.00

$300.00

Other financial bits

$50,000

$2,000,000

none

80.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

NatHERs certificated green home loans. Only homes built in last 12 months qualify. $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term. Offset sub-account available for additional +0.10% p.a..

none

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 27 May 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

6.73% p.a.

5.99% p.a.

60 Months

Variable

6.51% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$230.00

$300.00

n/a

$0.00

$0.00

Other financial bits

$50,000

$2,000,000

none

90.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

NatHERs certificated green home loans. Only homes built in last 12 months qualify. $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term. Offset sub-account available for additional +0.10% p.a..

none

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 27 May 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

6.73% p.a.

6.19% p.a.

60 Months

Variable

6.58% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$230.00

$300.00

n/a

$0.00

$0.00

Other financial bits

$50,000

$2,000,000

none

90.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

NatHERs certificated green home loans. Only homes built in last 12 months qualify. $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term. Offset sub-account available for additional +0.10% p.a..

none

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 27 May 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

6.73% p.a.

6.49% p.a.

60 Months

Variable

6.67% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$230.00

$300.00

n/a

$0.00

$0.00

Other financial bits

$50,000

$2,000,000

none

90.00%

Features

Investor

Interest Only

Monthly

yes - free

yes

yes - free

$0.00

yes

yes

NatHERs certificated green home loans. Only homes built in last 12 months qualify. $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term. Offset sub-account available for additional +0.10% p.a..

none

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 loans.com.au home loans rated by the Mozo community?

Overall
7.9/10
Price
8.9/10
Features
8.0/10
Customer service
7.7/10
Convenience
7.2/10
Trust
7.5/10
Based on 674 loans.com.au home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

About loans.com.au

Thumbnail icon for loans.com.au
loans.com.au

SMSF Home Loan (Variable)

6.99% p.a.

7.00% p.a.

$0.00

Thumbnail icon for loans.com.au
loans.com.au

Variable Home Loan 90

6.04% p.a.

6.06% p.a.

$0.00

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a. variable

6.01% p.a.

Thumbnail icon for HSBC
HSBC

Home Value Loan

6.09% p.a. variable

6.09% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a. variable

6.16% p.a.

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a. variable

6.17% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a. variable

6.16% p.a.

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a. variable

6.01% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan

6.24% p.a. variable

6.48% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a. variable

6.20% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a. variable

6.39% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a.

6.01% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

Thumbnail icon for loans.com.au
loans.com.au

Variable Home Loan 90

6.04% p.a.

6.06% 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)

6.25% p.a.
fixed 3 years

6.20% 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 ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.35% p.a.
fixed 3 years

6.26% 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 ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

$0.00

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a.

6.01% p.a.

$0.00

Thumbnail icon for HSBC
HSBC

Home Value Loan

6.09% p.a.

6.09% p.a.

$0.00

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a.

6.20% p.a.

$0.00

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

$0.00

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

$0.00

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

$248.00 yearly

Thumbnail icon for loans.com.au
loans.com.au

Variable Home Loan 90

6.04% p.a.

6.06% p.a.

$0.00

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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