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1. Your mortgage could be supporting industries that harm people and the planet
Have you asked your bank what industries they lend to and invest in? If the answer includes fossil fuels, weapons, tobacco or gambling, it is likely that the interest you are paying on your mortgage is supporting these industries. To find out how much your bank invests in fossil fuels check out Market Forces’ comparison table.
2. Divestment makes a significant difference
People from all walks and stages of life across Australia are already ditching plastic bags for canvas, and takeaway cups for KeepCups. But have you thought about the power of your home loan in creating positive social and environmental change? If more people move their home loan to banks that don’t fund harmful industries such as the fossil fuel industry, we’ll be able to create a safe and sustainable climate future for our local communities, Australia and the rest of the world. Bank Australia has never and will never lend to the fossil fuel industry.
3. Your mortgage can help you make a positive difference in the world
As well as reducing the power and money behind harmful industries, refinancing your home loan can contribute to creating positive change.
By moving your home loan to Bank Australia you are ensuring your money isn’t supporting the fossil fuel industry or industries that harm people and the planet. As a customer you’ll also see your money contributing to investments that create positive social and environment impact such as being a part-owner in our Conservation Reserve – 927 hectares of biodiverse bushland which is protected from development forever.
4. We can take care of most of it
Refinancing your home loan might seem like a complicated process, but it’s actually pretty simple. And even better, at Bank Australia we’ll do most of the work including talking to your existing bank so you don’t have to.
Keen to learn more?
Read about refinancing, see what's involved in the refinancing process and see how much you could save with our refinance calculator.
