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Clean Energy Home Loan Rate 1.74% to 1.84% Fixed for 3 Yrs When You Make Green Upgrades to Your Home @ Bank Australia

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Clean Energy Home Loan Rate 1.74% to 1.84% Fixed for 3 Yrs When You Make Green Upgrades to Your Home @ Bank Australia
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Employeeekoenergy @ Eko Energy on 18/04/2020 - 12:13 cdn2.hubspot.net (613 clicks)
Last edited 09/02/2023 - 06:49 by 1 other user

The Bank Australia Clean Energy Home Loan is a feature of Bank Australia’s Premium Package Home Loan. It provides a discount for customers who buy or build green homes, or make ambitious green upgrades to their homes.

Qualifying customers can receive a discount on the applicable Premium Package Home Loan rate for five years on variable loans, or the length of the fixed-rate period on fixed-rate loans.

A 7-star clean energy grading can attract a 3-year Fixed 1.84% or 8-star clean energy grading an even lower 1.74%.

There is an Annual Package fee of $350 only. Plus a $180 Clean Energy Housing Certificate assessment to qualify.

All loans to qualify are subject to regular prime lending policies as per a normal home loan:

• Owner Occupied Residential Property
• Clean Credit file
• Full Documentation to verify Income & servicing
• Strong Mortgage Payment History (if a refinance)
• Good conduct on all other loans eg Credit Card, Car Loans, personal loans if applicable
• Loan Value Ratio- 70% & lower; 70-80% subject to assessment

Steps to get this exclusive rate;

  1. Please click on "GO TO DEAL" above and review the Bank Australia's Clean Energy Home Loan Fact Sheet & Eligibility Criteria PDF to double check how your home could meet the criteria or click here - https://cdn2.hubspot.net/hubfs/3425759/myFolder/subFolder/Ba…

  2. If you believe you are eligible then book in an initial no-obligation Clean Energy Home Loan assessment over the phone with http://www.melbourneloansandfinance.com.au/contact-us/ or contact Mortgage Broker Peter Kokotis on [email protected] or 0409 165 168.

  3. Arrange for the necessary clean energy upgrades to your home. www.ekoenergy.co can supply & install your solar and/or battery system with monitoring. Click here to book in a convenient time to discuss over the phone - https://info.ekoenergy.co/meetings/kez-hassan1

  4. You start saving money on mortgage payments and electricity bills. Win Win!

Disclaimer I work for www.ekoenergy.co.

Mod: Post updated as per third party guidelines

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closed Comments

  • Korban Dallas on 18/04/2020 - 12:19
    +1

    I work for a builder and we have a lot of million dollar units that are to be built. We have priced in 7 star into the build. How can our clients qualify when they have not been built yet? And would need finance to get started.

    • Employeeekoenergy @ Eko Energy on 18/04/2020 - 12:54
      +1

      Good question @KorbanDallas - I will get back to you with an answer once I have confirmed with the chosen 3rd party mortgage broker http://www.melbourneloansandfinance.com.au/

    • Employeeekoenergy @ Eko Energy on 19/04/2020 - 17:25
      +1

      The borrower needs to be granted a Certificate when the dwelling is finalised (Nathers) paid by the borrower ($180).

      All loans to qualify are subject to regular prime lending policies as per a normal home loan:
      • Owner Occupied Residential Property
      • Clean Credit file
      • Full Documentation to verify Income & servicing
      • Strong Mortgage Payment History (if a refinance)
      • Good conduct on all other loans eg Credit Card, Car Loans, personal loans if applicable
      • Loan Value Ratio- 70% & lower; 70-80% subject to assessment

  • RubenM on 18/04/2020 - 12:36
    +2

    Great deal, but tempted to neg (I won't) due to the description leaving out important details, that mean most properties are ineligible, even if they meet the 7 star criteria:

    "for homes built after 31 December 2018"

    • RubenM on 18/04/2020 - 12:45
      +2

      Edit: Never mind me, that's just one of the ways to qualify.

      Not sure your company link should be in the description though, as you're not offering a deal.

      • Employeeekoenergy @ Eko Energy on 18/04/2020 - 13:00

        Thanks, as with most mortgage lenders they have their own eligibility criteria and its more onerous with this unique product that is driven by Bank Australia's environmental responsibility mission (https://www.bankaust.com.au/responsible-banking/planet/)

        I have removed @ekoenergy company link in the title. We are working closely with the chosen 3rd party mortgage broker http://www.melbourneloansandfinance.com.au/ to deliver the necessary clean energy upgrades needed to get this exclusive rate for clients from Bank Australia.

  • vssv on 18/04/2020 - 12:48
    +1

    We are building our house at the moment and it’s 6star energy rated. Could you please let me know what needs to be done now…?

  • LittleTicket on 18/04/2020 - 12:49
    +1

    What sort of requirements would need to be made to existing homes?
    Double glazing? Insulation in roof space? Solar panels? Solar hot water? Recycled water for toilets?

    • Korban Dallas on 18/04/2020 - 13:07
      +2

      There is a website. Depends on your closest capital city. It's more building materials. Solar has nothing to do with it. Silly. But true.

      https://www.yourhome.gov.au/house-designs/star-ratings-and-v…

    • Employeeekoenergy @ Eko Energy on 18/04/2020 - 13:10

      The full requirements needed to be made to existing homes are detailed in the Fact Sheet - https://cdn2.hubspot.net/hubfs/3425759/myFolder/subFolder/Ba…

      I've copied and pasted the wording that would apply in this scenario (sorry for the formatting, easier to read in the link above):

      Property Upgrade criteria

      For the property securing the Customer Contract provide evidence that in the last 12 months:

      (a) achieved a minimum 1 star increase in improvement to the
      energy efficiency assessment as assessed by the Residential
      Efficiency Scorecard rating excluding any increase from the
      impact of installing solar photovoltaic system. Such assessment
      must be undertaken by an accredited assessor; or

      (b) implemented three or more of the below improvements in the
      last 12 months:

      i In-home real-time energy monitoring system such as
      Wattwatchers, Solaranalytics, Efergy, Smappee, Sense, Curb,
      Nuerio, Flukso, Reposit Power, etc.;

      ii Solar photovoltaic system with a minimum system size of 3kW;

      iii Energy storage system with a minimum system size of 5kWh;

      iv Hot water heat pump or solar hot water system;

      v Upgrade 75% or more of all windows by area to double-glazed
      and/or low-emissivity coatings;

      vi Upgrade underfloor, wall and ceiling insulation to levels set
      out in the prevailing National Construction Code;

      vii Electric vehicle home charging point and provide evidence of
      ownership of an electric vehicle;

      viii Upgrade to LED lights for 75% or more of all light fixtures;

      ix If the property is air conditioned, no air conditioning unit has
      an energy rating below 4 stars under the Minimum Energy
      Performance Standards; and

      x If the property has a pool, a pool pump with a minimum
      energy rating of 7 stars under the Voluntary Energy Rating
      Labelling Program.

    • lgacb08 on 18/04/2020 - 13:11

      To get 7 star for existing home probably better smashing it to pieces and starting from ground zero. Last time I heard for already designed house (not build) the extra cost mean you better restarting the design from scratch. But I'm not if this deal requires existing housr to get equivalent to new built, if it does it is pretty much impossible financially

  • miq on 18/04/2020 - 13:02
    +3

    This 'Bank Australia' mob seem to care more about pushing political/social agendas than anything else. I'd steer clear.

    • FutureTech on 18/04/2020 - 13:11
      +2

      This is very true. Those agendas usually come with a price tag - you will be paying for it one way or another.

  • FutureTech on 18/04/2020 - 13:11
    +2

    Would I qualify if I paint my house green? Technically also a "green upgrade"

    FutureTech on 18/04/2020 - 13:11 (Collapsed - Offtopic. Show)
    • nightelves on 18/04/2020 - 14:14

      Everyone around you might be green with envy.

  • Big Deal on 18/04/2020 - 13:23
    +1

    For refinance, ANZ/NAB/St George with cashback still trumps this interest rate for fixed 2/3 years.

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