loans.com.au Green Home Loan
The Green Home Loan from loans.com.au offers discounted rates for borrowers whose properties have a 7.0 NatHERS rating.
If you're purchasing or building an energy efficient home that gets a 7.0 or higher NatHERS rating, you can get a discounted rate on a Green Home Loan.
Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206) and a Tier 1 Generic Knowledge certification (RG 146).
This home loan has competitive rates, relatively low fees and you can get it with a low deposit. It has rates for construction and purchase too. The big catch, obviously, is that your property needs to satisfy the energy efficiency rating. If it does, then this could be a suitable loan to consider.
About this loan
What are the features and benefits of the loans.com.au Green Home Loan?
- Deposit size. You can borrow up to 90% of your property's value with this loan.
- Loan amounts. Borrow up to $2,000,000, with a minimum loan size of $50,000.
- A green home loan. To qualify for this product your property needs to have been built in the last 12 months and have at least a 7.0 NatHERS rating. NatHERS, or the Nationwide House Energy Rating Scheme, is a star rating system out of ten for home energy efficiency.
- Offset sub-account. You can add an offset sub-account to this loan for no extra charge.
How to apply
To apply for this home loan or learn more about it, click the green button and follow the steps to speak to a mortgage specialist from loans.com.au. They'll explain any eligibility requirements and help you get started with your application.