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loans.com.au Solar Home Loan

Advertiser disclosure
The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $1,500,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a interest only loan between $50,000 and $1,500,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $50,000 and $1,500,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan between $50,000 and $1,500,000 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% $50,000 $1,500,000
Owner Occupier Interest Only < 80% $50,000 $1,500,000
Investor Principal & Interest < 90% $50,000 $1,500,000
Investor Interest Only 80%-90% $50,000 $1,500,000
  • Owner Occupier (Principal & Interest)
    LVR < 90%
    Loan: $50,000 $1,500,000
  • Owner Occupier (Interest Only)
    LVR < 80%
    Loan: $50,000 $1,500,000
  • Investor (Principal & Interest)
    LVR < 90%
    Loan: $50,000 $1,500,000
  • Investor (Interest Only)
    LVR 80%-90%
    Loan: $50,000 $1,500,000
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
6.49% 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
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 Solar Home Loan - last updated: 19 March 2024

binocular icon
What's hot
  • 5.99% p.a. interest rate (6.51% p.a. comparison rate*)
  • Offset account available
  • Free extra repayments and redraw facility
What's not
  • $230 valuation fee
  • $300 settlement fee
Mozo snapshot

The Solar Home Loan from loans.com.au rewards borrowers who install a qualifying solar power system to their homes with a 0.74% p.a. interest rate discount, which is available for the first five years of the loan. On top of that, you’ll get access to a number of features to help you save on interest and make having a home loan more manageable, such as an offset account and the ability to make free extra repayments.

key icon
Key features

For those looking to make their homes more energy efficient, loans.com.au’s Solar Home Loan offers an introductory rate of 5.99% p.a. (6.51% p.a. comparison rate*), which is available for the first five years and represents a discount of 0.74% p.a. on loans.com.au’s Smart Home Loan.

With the savings on interest repayments, borrowers can install a new solar energy system - such as a 10kw solar system which is the largest commonly available - and meaningfully reduce their energy bills.

The offer is available to both new and existing customers, with 90% LVR options available for borrowers with low equity. The interest-only options however require a 20% deposit. Borrowers can also pay down their loan faster without incurring any penalties, redraw those extra funds if they need to, and access offset account.

snapshot
Who is it good for

The Solar Home loan could be a good option for those looking to reduce both their energy costs and their mortgage repayments.

question icon
Any catches

The Solar Home loan comes with a few fees, such as the $530 upfront fee, $230 valuation fee, the $300 settlement fee, and $550 discharge fee.

Details

Rates and fees information correct as at 19 July 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

$550.00

Other financial bits

$50,000

$1,500,000

none

90.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

Only available for homes with a solar system.

Offset sub-account available for an additional 0.10% p.a.

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 19 July 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

$550.00

Other financial bits

$50,000

$1,500,000

none

80.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

Only available for homes with a solar system.

Offset sub-account available for an additional 0.10% p.a.

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 19 July 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

$550.00

Other financial bits

$50,000

$1,500,000

none

90.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

Only available for homes with a solar system.

Offset sub-account available for an additional 0.10% p.a.

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 19 July 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

$550.00

Other financial bits

$50,000

$1,500,000

80.00%

90.00%

Features

Investor

Interest Only

Monthly

yes - free

no

yes - free

none

yes

yes

Only available for homes with a solar system.

Offset sub-account available for an additional 0.10% p.a.

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

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loans.com.au

SMSF Home Loan (Variable)

6.99% p.a.

7.00% p.a.

$0.00

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Unloan

Variable

5.99% p.a. variable

5.90% p.a.

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Greater Bank

Great Rate Home Loan

6.04% p.a. variable

6.06% p.a.

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Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

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Police Credit Union

Low Rate Home Loan

6.14% p.a. variable

6.20% p.a.

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HSBC

Home Value Loan

6.09% p.a. variable

6.09% p.a.

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Unloan

Variable

6.29% p.a. variable

6.20% p.a.

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ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

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South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

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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 Greater Bank
Greater Bank

Great Rate Home Loan

6.04% p.a. variable

6.06% 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

6.19% p.a. variable

6.43% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a. variable

6.20% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

Low Rate Home Loan

6.14% p.a. variable

6.20% p.a.

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% 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 Greater Bank
Greater Bank

Great Rate Home Loan

6.04% p.a.

6.06% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

Low Rate Home Loan

6.14% p.a.

6.20% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% 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.

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Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% 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 South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% 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 ING
ING

Fixed Rate Loan

6.09% p.a.
fixed 3 years

6.15% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

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ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.37% 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

6.37% p.a.

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Community First Bank

Basic Variable Home Loan

5.94% p.a.

5.99% 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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