Understand what you may be able to borrow with a Clean Energy Home Loan.
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Clean Energy Home Loan
Changes to our Clean Energy Home Loan Renovate
We've had such strong demand for our Clean Energy Home Loan Renovate product that we now need to pause accepting new applications. If you have an existing application in process that meets the product criteria, we'll honour the Renovate reduced rate.
We still offer the Clean Energy Home Loan New Build product with a reduced rate for customers building or buying a newer green home.
We want to continue rewarding customers for making sustainable upgrades and going all-electric at home by reopening applications for the Clean Energy Home Loan Renovate at a later date.
We're able to offer the Clean Energy Home Loan reduced rates partly thanks to the support of the Federal Government-backed Clean Energy Finance Corporation who contribute to the reduced rate, with the remaining portion of the reduction at the time funded by Bank Australia.
We've had such strong demand for our Clean Energy Home Loan Renovate product that we now need to pause accepting new applications. If you have an existing application in process that meets the product criteria, we'll honour the Renovate reduced rate.
We still offer the Clean Energy Home Loan New Build product with a reduced rate for customers building or buying a newer green home.
We want to continue rewarding customers for making sustainable upgrades and going all-electric at home by reopening applications for the Clean Energy Home Loan Renovate at a later date.
We're able to offer the Clean Energy Home Loan reduced rates partly thanks to the support of the Federal Government-backed Clean Energy Finance Corporation who contribute to the reduced rate, with the remaining portion of the reduction at the time funded by Bank Australia.
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Get rewarded for a greener home
The Clean Energy Home Loan offers an incentive for customers who buy or build green homes or make ambitious green upgrades to their homes.
With options for building or renovating your home, the Clean Energy Home Loan offers a reduced^ variable home loan rate for 5 years or fixed rate for 3 years. The Clean Energy Home Loan is supported by the Federal Government backed Clean Energy Finance Corporation.
Clean Energy Home Loans
If you are buying or building a new green property, you can access our Clean Energy Home Loan and receive a reduced interest rate. New applications for our Renovate option are currently paused, but for any existing Renovate applications that meet the product criteria up to 28 March 2025, we'll honour the Renovate reduced rate.
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New Build
If you are buying or building a new green property
Variable rate
Comparison rate*
LVR ≤ 90% applies
Renovate
If you have made green upgrades to an established property.
Please note that new applications for our Renovate option are currently paused, but for any existing Renovate applications that meet the product criteria up to 28 March 2025, we'll honour the Renovate reduced rate.
^The Federal Government-backed Clean Energy Finance Corporation is supporting the Clean Energy Home Loan by contributing to the reduced interest rate, with the remaining portion of the reduction at the time funded by Bank Australia.
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Things you need to know
GENERAL ADVICE
- 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.
CLEAN ENERGY HOME LOAN
- The Clean Energy Home Loan variable and fixed interest rates are for Owner Occupiers and Investors making Principal and Interest repayments with a Loan to Value (LVR) ratio of less than or equal to 90%.
- When your property qualifies for a Bank Australia Clean Energy Home Loan you receive a reduced interest rate at the time that is only applicable to the Clean Energy Home Loan and not applicable to other Bank Australia home loan products.
- An eligible property can only qualify for a Clean Energy Home Loan once.
- For variable rate loans, a reduced variable rate applies for 60 months from the date the loan is settled. For fixed rate loans, the reduced rate applies for the length of the 3 year fixed rate period. In either case, the rate payable on the loan will then revert to the lowest advertised variable Offset Home Loan rate at that time.
- Minimum new borrowings of $10,000 for an Owner Occupied and Investor Home Loans.
- The Clean Energy Home Loan annual fee of $199 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. The fee waiver on the Platinum Awards Visa credit card will cease to apply once the loan is repaid in full. Other fees and charges may be payable. Refer to the Lending and Credit Card fees, charges and transaction limits available from bankaust.com.au or by calling 132 888 for more details.
- Please note we make no representation or warranty about the suitability or appropriateness of any home upgrades or appliances for your particular circumstances. Please make your own investigations and seek any independent advice you require.