Interest rate announcement - 12 August 2022. Bank Australia will increase variable home loan and commercial variable rates in response the RBA’s recent decision to raise the official cash rate. From 18 August 2022, interest rates will increase by 0.50% for variable rate owner-occupier and investor loans, while commercial variable rate loans will also increase by 0.50%. For existing home loan customers, repayment changes will be effective from 1 October 2022. Read more here.
We offer a range of ways to help people, businesses and not-for-profits lower emissions and transition Australia to a clean emissions future.
Highlights
Our Clean Energy Home Loan rewards customers buying or building green homes or making ambitious green upgrades
We lend to green, affordable and community-focused housing projects that are helping to make our cities and regions more sustainable.
Building or renovating? By adding solar panels, window glazing, insulation and more, you could qualify for a 5-year variable rate discount on your home loan. Likewise if you build a 7+ star rated home.
"We've reduced our environmental impact and have fewer bills, which means we can spend that money on the everyday costs of raising a family, and invest our time in our growing community.”
Buying a hybrid or electric vehicle? The LEV Car Loan is our way of saying thanks on behalf of the planet. We want to reward you for choosing an LEV (low emission vehicle) with a lower interest rate and no fees.
At Bank Australia we respectfully acknowledge the Traditional Custodians of all the lands on which we work and pay our respects to the elders past present and emerging. Our head office is located on the land of the Wurundjeri people of the Kulin nation. We recognise their continued connection to the land, waters and culture and we acknowledge their sovereignty has never been ceded. We acknowledge the constant resistance and resilience of First Nations people in their fight for self-determination.
We support the Uluru Statement from the Heart to achieve justice, recognition and respect for First Nations people and a referendum to enshrine a First Nations Voice in the Constitution. We see reconciliation as a fundamental responsibility for Bank Australia and we are committed to advancing reconciliation with Australia’s First Peoples.
