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Regional Australia Bank Sustainable Home Loan

The details shown below are for an owner occupier taking out a principal & interest loan of at least $100,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan of at least $100,000 with an LVR below 95%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $100,000

  • Owner Occupier (Interest Only)

    LVR < 95%

    Loan: $100,000

Rate
2.95% p.a.
Comparison Rate*
2.97% p.a.
Service fee
$0.00
Upfront fee
$250
Rate
3.20% p.a.
Comparison Rate*
3.22% p.a.
Service fee
$0.00
Upfront fee
$250

Mozo editorial review Regional Australia Bank Sustainable Home Loan

Last updated: 30 March 2020.

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What's hot
  • Mozo’s 2017 Experts Choice Award Winner - Green Home Loan
  • 2.95% variable rate (3.18% comparison rate*)
  • No ongoing service fee
What's not
  • Minimum $500 redraw
Mozo snapshot

If you’re about to get your first home loan or looking to buy property with eco-friendly features, look no further than Regional Australia Bank’s Sustainable Home Loan. This loan not only delivers on its energy efficient promise, but also provides great value, which is exactly why it's the Green Home Loan winner in the 2017 Mozo Experts Choice Awards.

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Key features

The Sustainable Home Loan from Regional Australia Bank has a variable rate of 2.95% (3.18% comparison rate*). It’s available to owner occupiers with an LVR up to 95% (or a 5% deposit or over). There are no application, valuation, settlement or service fees and the legal and discharge fees are just $250.

You can also time your repayments to suit your needs as weekly, fortnightly or monthly repayment options are available. In addition, you also get a 3% discounted interest rate on Your Choice Credit Card

The Sustainable Home Loan also comes with the option of making additional payments on your loan through the extra repayments facility that also comes with a redraw facility if you prefer to draw on that amount later on (minimum redraw of $500).

Other features also include the option for repayment holidays, a split account and offset account.

One thing to keep in mind is to ensure that your home passes the current minimum environmental standards before purchasing this home loan. It is also essential to choose at least one feature from List A i.e: (Solar Power System (including PV) and two features from List B, i.e: (Solar Hot Water and 5 star+ Gas or Electric Heating) as indicated on Regional Australia Bank’s website.

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Who is it good for

This is a great value home loan for borrowers looking for environmentally friendly and sustainable features for their new home or would like to add extra features to their existing home.

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Any catches

One thing to be mindful of is that this home loan is only available to homeowners and though there is no maximum loan amount, a minimum $100,000 loan amount applies.

Details

Rates and fees information correct as at 24 October 2020. 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
  • 2.95% p.a.

  • n/a

  • n/a

  • n/a

  • 2.97% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $250.00

  • n/a

  • $0.00

  • n/a

  • $0.00

  • $250.00

Other financial bits
  • $100,000

  • none

  • none

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $500.00

  • yes

  • yes

  • Home must pass current minimum environmental standards and must have at least one feature from List A and two features from List B on Regional Australia Banks website. Valuation fee payable at cost.

  • 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 24 October 2020. 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
  • 3.20% p.a.

  • n/a

  • n/a

  • n/a

  • 3.22% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $250.00

  • n/a

  • $0.00

  • n/a

  • $0.00

  • $250.00

Other financial bits
  • $100,000

  • none

  • none

  • 95.00%

Features
  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $500.00

  • yes

  • yes

  • Home must pass current minimum environmental standards and must have at least one feature from List A and two features from List B on Regional Australia Banks website. Valuation fee payable at cost.

  • 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 Regional Australia Bank home loans rated by the Mozo community?

Overall
8.1/10
Price
7.6/10
Features
7.2/10
Customer service
8.5/10
Convenience
8.1/10
Trust
8.5/10

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2.54% p.a.

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2.49% p.a.

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$0.00

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*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.