Understand what you may be able to borrow with a Clean Energy Home Loan.
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Clean Energy Home Loan
Get rewarded for a greener home
The Clean Energy Home Loan offers an incentive for customers who buy, build or renovate green homes.
The Clean Energy Home Loan offers a reduced variable home loan rate for 5 years or fixed rate for 3 years.
Choose your Clean Energy Home Loan
There are two different ways you can access our Clean Energy Home Loan and receive a reduced interest rate, depending on whether your green home is newly built or renovated. Explore our options and learn about the eligibility criteria and evidence you'll need to provide.
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New Build
If you are buying or building a new green property.LiamNeal-05009.jpg)
Renovate
If you have made green upgrades to an established property.
We're supporting Sustainable House Day
As a customer-owned B Corp bank, we’re supporting our customers to buy, build and retrofit efficient, all-electric homes as part of our climate action strategy.
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Calculate your borrowing power
Featured
More than a bank
Sure, Bank Australia has a user-friendly app, internet banking, and all the other things you’d expect of a customer-focused bank. But we’ve got so much more, too.
We’re 100% customer-owned, which means you have voting rights. We don’t pay our execs bonuses, which means more funds are used to support people and the planet. And we’ll never use your money (or anyone’s, for that matter) to fund harmful industries like fossil fuels, live animal exports or nuclear weapons.
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Head to our help section for more information.
Things you need to know
GENERAL ADVICE
- Any information and advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and seek any third party advice you need.
- Before deciding to apply, we provide and recommend you read our Financial Services Guide.
- All applications are subject to a credit assessment and approval. Terms and conditions apply. All applicable terms and conditions will be included in our loan offer.
- Additional fees and charges may be payable – all relevant details will be included in our loan offer.
- Information and interest rates are current as at the date of publication and are subject to change at any time, at the discretion of Bank Australia Limited.
- This document does not constitute a contract for finance.
- * Comparison Rate: The Comparison Rate is based on a loan of $150,000 for 25 years. Fees and charges may be applicable.
IMPORTANT: The Comparison Rate applies only to the example given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees, 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. - Terms and conditions, fees and charges apply. Loans subject to normal lending criteria and approval.
CLEAN ENERGY HOME LOAN
- The Clean Energy Home Loan variable and fixed interest rates are for Owner Occupiers and Investors making Principal and Interest repayments with a Loan to Value (LVR) ratio of less than or equal to 90%.
- Minimum new borrowings of $10,000 for an Owner Occupied and Investor Home Loans.
- An eligible property can only qualify for a Clean Energy Home Loan once.
- When your property qualifies for a Bank Australia Clean Energy Home Loan you receive a reduced interest rate at the time that is only applicable to the Clean Energy Home Loan and not applicable to other Bank Australia home loan products.
- Any reduced interest rate applicable to a Clean Energy Home Loan is conditional on the property qualifying as eligible at the loan application date. Evidence provided to support eligibility must be dated prior to the loan application date. Refer to the key information document Renovate or New Build for information on home eligibility requirements.
- If eligibility of your home cannot be verified, Bank Australia may decline the application.
- For variable rate loans, a reduced variable rate applies for 60 months from the date the loan is settled. For fixed rate loans, the reduced rate applies for the length of the 3 year fixed rate period. In either case, the rate payable on the loan will then revert to the lowest advertised variable Offset Home Loan rate at that time.
- The Clean Energy Home Loan annual fee of $199 is payable in advance and is non-refundable. The fee is debited to the loan balance on funding, and then annually on the anniversary date of funding. The fee waiver on the Platinum Awards Visa credit card will cease to apply once the loan is repaid in full. Other fees and charges may be payable. Refer to the Lending and Credit Card fees, charges and transaction limits available from bankaust.com.au or by calling 132 888 for more details.
- Any information provided in relation to suppliers and installers of energy efficiency upgrades is provided as a general guide only and is not intended to be exhaustive or definitive. This information does not:
- take into account your circumstances, objectives, financial situation, or the specific characteristics of your property. You should undertake your own research and, where appropriate, seek independent professional advice before making any decisions.
- Constitute any guarantee of current or future eligibility for a Clean Energy Home Loan.
- Please note we make no representation or warranty about the suitability or appropriateness of any home upgrades or appliances for your particular circumstances.
- The Clean Energy Home Loan offer may be modified, replaced, or discontinued without notice