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loans.com.au Green Home Loan

Advertiser disclosure

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

  • 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
2.08% p.a.
Comparison Rate
2.36% p.a.
Service fee
$0.00
Upfront fee
$520
Go to site
Rate
2.34% p.a.
Comparison Rate
2.63% p.a.
Service fee
$0.00
Upfront fee
$520
Go to site
Rate
2.59% p.a.
Comparison Rate
2.88% p.a.
Service fee
$0.00
Upfront fee
$520

Mozo editorial review loans.com.au Green Home Loan - last updated: 5 August 2021

binocular icon
What's hot
  • Low variable rates from 2.08% p.a. (2.36% p.a. comparison rate*)
  • No ongoing fees
  • Optional 100% offset facility (extra interest loading applies)
What's not
  • Valuation and settlement fees
Mozo snapshot

Online lender loans.com.au has launched its new Green Home Loan 90, specifically for borrowers with environmentally friendly, energy efficient homes. The loan features some seriously low variable rates starting from just 2.08% p.a. (2.36% p.a. comparison rate*), plus there are a number of features which may give borrowers extra flexibility when it comes to managing their loan.

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Key features

First thing first, as the name implies, the Green Home Loan 90 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 90 comes with a variable rate of 2.08% p.a. (2.36% p.a. comparison rate*) for owner occupiers making principal and interest repayments and a rate of 2.34% p.a. (2.63% p.a. comparison rate*) for investors. There’s also an interest-only repayment option for investors, but this comes with a slightly higher rate. 

The minimum loan size is $50,000 and the maximum is $2 million, plus all borrowers will need to have a loan-to-value ratio (LVR) of 90% or less. 

How about loan features? Well there’s a few of them, as loans.com.au will give its Green Home Loan 90 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, though this is an optional extra that will attract an additional 0.10% interest rate loading on top of the normal 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 90 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 ($220 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 8 December 2021. 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

2.08% p.a.

n/a

n/a

n/a

2.36% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$220.00

$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 - 0.10% loading

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.

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 8 December 2021. 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

2.34% p.a.

n/a

n/a

n/a

2.63% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$220.00

$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 - 0.10% loading

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.

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 8 December 2021. 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

2.59% p.a.

n/a

n/a

n/a

2.88% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$220.00

$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 - 0.10% loading

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.

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.

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About loans.com.au

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.