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Property upgrades

Upgrading a property comes with great rewards for you and the planet.

Simple, white and wooden kitchen and dining room of customers home.

Clean Energy Home Loan for property upgrades

Are you upgrading your home’s efficiency? Whether you’re a current Bank Australia home loan customer or new to us, our Clean Energy Home Loan could help you save on interest repayments for 5 years. We celebrate you, planet-conscious people. 

Buying a new energy efficient home? See the criteria for 7+ star home applications.

Who and what it’s for

  • Owner occupiers 
  • Qualifying properties in Australia – check the criteria below
  • Residents in Australia for tax purposes
  • Built after 31 December 2018

Is this product right for you? Find out more

Upgrade criteria

"We are proud to be with Bank Australia knowing it’s an ethical choice that supports a healthy environment."
Marnee and Diego from NSW
You must have done one of the following in the last 12 months to be eligible to apply for a Clean Energy Home Loan. And just so you know, you will need to provide documentation confirming this.

The standard eligibility rules also apply before you can take out a home loan.

A. Completed 3 or more of these upgrades

Upgrade type
What to provide
Energy monitoring system
Invoice showing you’ve purchased an energy monitoring system

Eligible devices include Wattwatchers, Solaranalytics, Efergy, Smappee, Sense, Curb, Nuerio, Flukso, Reposit Power, PowerPal – others can be considered if you provide evidence that it will keep you informed of your home’s energy usage in real time
Solar panels (minimum 3kW)
Invoice showing the purchase and installation of the solar system by a Clean Energy Council approved installer or retailer
Home battery (minimum 5kWh)
Invoice showing the purchase and installation of the battery by a Clean Energy Council approved installer or retailer
Hot water heat pump or solar hot water system
Invoice showing the purchase and installation of the hot water heat pump/solar hot water system
Window double glazing and/or low emissivity coatings
Invoice showing the purchase and installation of windows at the property

Statement from the window installer that at least 75% of the windows have been upgraded
Underfloor, wall and ceiling insulation
Invoice showing the purchase and installation of insulation in the floor, walls and ceiling at the property

Statement from the installer to show you have upgraded at least 75% of the home and the insulation meets the prevailing National Construction Code (noting it differs slightly by state)
Electric vehicle charging point
Invoice showing the purchase and installation of an electric vehicle charging point

Copy of the certificate of registration to show that you own an electric vehicle
Efficient air conditioning
Invoice showing the purchase and installation of an air conditioning unit with an eligible star rating for the size of the system:
- 5 stars for units under 4kW
- 4 stars for units 4kW and over
Efficient pool pump
Invoice showing the purchase and installation of a pool pump with a rating of 7 stars or above under the Voluntary Energy Rating Labelling Program

B. Residential Efficiency Scorecard

Upgrade type
What to provide
Improve efficiency rating by 1 star or more
The scorecard rates the energy performance of your home using a star rating out of 10 (both with solar and excluding the impact of solar). It can be completed by a licensed assessor, who can also make recommendations for things you can do to get more stars.

The scorecard is widely available in Victoria, with some availability in other states and territories.

What to provide
Two Residential Efficiency Scorecards:

The first should be completed before you make any improvements

The second afterwards to show that you’ve increased your home’s rating by at least 1 star
Above: Reece Stubbs, General Manager of The Sociable Weaver and Bank Australia customer

Customer story

Reece is building sustainable homes

"It’s quite amazing to see the amount of carbon that’s reduced by building a 7.5+ or 8.5+ star home.”

Read more

Our rates

2021 Mozo experts choice Green Home Loan
See all reviews
Best variable rate
LVR <90% or NHFIC guarantee loans
Effective 21 December 2021
Comparison rate
Based on a loan of $150,000 for 25 years. Fees and charges may apply. Comparison rate warning.
View full rates table

What to expect when you apply

You tell us about your situation, including income and debts – either by phone or online.

Allow about 20 minutes

If it looks good on paper, we offer conditional approval and let you know if we need any documentation.

Allow 3–7 days

Once we verify your credit score and financial position, and do a property valuation, you receive formal approval.

Allow up to 10 days

Fees, charges and discounts

Here’s what to expect with our Clean Energy Home Loan. Be sure to factor in related costs like stamp duty, legal fees, building reports, and insurance.
Fee and description
Establishment fee (existing Bank Australia home loan)
Annual package fee
Monthly fee
Redraw fee
1st valuation fee
Construction progress inspection
Credit card annual fee
10% off
Discharge fee
$250 + government fees

See all fees and charges. See insurance fine print for discount conditions.

See home loan features

Banking done differently

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.

Why us

Related topics

Things you need to know

  • 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. Rates apply to new applications received from 21 December 2021 however are subject to change at anytime.


  1. The Clean Energy Home Loan Package variable interest rate of 2.30% p.a. is for Owner Occupiers making Principal and Interest repayments with a Loan to Value (LVR) ratio of less than 90%.
  2. When you qualify for a Bank Australia Clean Energy Home Loan you will receive an interest rate discount on the Clean Energy Home Loan Reference interest rate (currently 2.50% p.a.).
  3. The Clean Energy Home Loan discount applies, for variable rate home loans, for 60 months from the date the loan is settled or in the case of fixed rate home loans, for the length of the fixed rate period. At the end of the discount period the loan reverts to the Clean Energy Home Loan Reference interest rate (currently 2.50% p.a.).
  4. Minimum new borrowings of $10,000 for an Owner Occupied Home Loan.
  5. Available to new borrowers who submit their loan application on or after 21 December 2021;
  6. If a Fixed Rate is selected, then that rate may vary from the date of application anytime up until the date of funding
  7. Offer only available to new and approved credit card applicants who apply for a Bank Australia Platinum Rewards credit card account. This offer which be withdrawn or changed at any time without notice. Offer available in respect of balances transferred from non-Bank Australia credit and store card accounts only. Whilst a balance transfer is owed, interest will not be charged on the balance transfer for 12 months from the date we process it. Interest will be applied at the standard interest rate on any other debits on your account including purchase balances. An interest free period will generally not apply in relation to any relevant purchases made whilst a balance transfer is owing, unless the full amount due is paid the applicable due date. After the balance transfer offer expires, the standard interest rate will apply to any unpaid balance. The interest rate is currently 18.24% p.a. as at 21 December 2021 and is subject to change. Terms and conditions, fees and charges apply.
  8. For construction loans, Bank Australia protects an equivalent amount of land on the Bank Australia Conservation Reserve as is being constructed to help offset the environmental impact of land clearing. Homes constructed on large lots of land such as hobby farms will be offset according to the amount of land occupied by the dwelling.
  9. The Annual package fee of $350 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. Package benefits cease to apply once the loan is repaid in full. Other fees and charges may be payable. Refer to the Loan Fees schedule available from or by calling 132 888 for more details.
  10. Repayment Pause. Loans must be established for a full 12 months and a maximum Loan to Value Ratio of 90% (Family-Pause) or 90% (Eco-Pause) applies. Pausing repayments will result in interest continuing to accrue on the loan, potentially increasing the term of your loan. Full conditions available from Bank Australia.
  11. Redraw is not available during the interest only period of the loan and the amount available for redraw is governed by the terms set out in your Loan Offer.
  12. Insurance. This insurance is issued by Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708. Bank Australia ABN 21 087 651 607 AFS Licence No. 238431321 acts as an agent of Allianz and not as your agent. Before making a decision about this insurance, please refer to the relevant Product Disclosure Statement available on 132888 or visit Up to 10% discount applies to Building, Contents and Comprehensive Motor Insurance, and/or standalone building insurance, when you sign up for this home loan package. Minimum premiums apply. Any discounts/entitlements only apply to the extent that any minimum premium is not reached. If you are eligible for more than one, we also apply each of them in a predetermined order to the premium (excluding applicable taxes and government charges) as reduced by any prior applied discounts / entitlements. Discounts may not be applied to the premium for optional covers.