Presenting CommBank Green Loan
An ultra-low, protected repaired price loan without organization charge, monthly loan services cost or early repayment cost.
Clients with a qualified CommBank mortgage loan or expense mortgage may use the CommBank Green mortgage to buy and install eligible clean fuel products including solar power systems, power supply packs and solar hot-water techniques within residential property protected by their current mortgage loan.
At a glance
Qualified clean strength items
You need a CommBank Green financing buying and download one or more associated with the eligible clean fuel merchandise given below.
Bear in mind, solar power panels (and inverters) and battery packs need to be installed by a merchant and/or installer approved by the tidy strength Council. This can help guarantee the selected methods meet all related Australian expectations.
Suggestion: It’s vital that you perform a little research and spending some time choosing the best solar retailer and/or installer to suit your venture. Become several estimates and examine all of them before you choose the best one for you. Examine authorized solar stores towards you.
You will discover more about qualified items from inside the FAQs.
To learn more, download the CommBank Green mortgage tips guide (PDF) .
Simple tips to pertain
Go to their closest part
Our very own homes lending professionals is available at above 950 limbs across Australian Continent.
Speak to your union supervisor
Something an Approved sun merchant and exactly how may I see them?
Approved sun merchants have been approved by the tidy stamina Council as demonstrating their unique commitment to liable business and advertisements recreation and solar power industry best rehearse.
Exactly what must I create if my personal Approved Retailer/Installer requires an upfront deposit?
If in initial deposit is required beforehand, you’ll have to pay this from your discount.
We’ll compensate (pay) the deposit levels into your nominated immediate Debit take into account their CommBank Green Loan as we receive the last charge.
Exactly what should I correspond with my personal Approved Solar Retailer or Installer with regards to repayment conditions?
We’re invested in paying the overall outstanding levels straight to your certified sun Retailer within fourteen days of getting a verified invoice from you (the customer).
Can I need certainly to shell out my certified Solar Installer upon conclusion of works so that you can state the minor technologies certificate (STC) discount?
No. The STC rebate can be claimed within year of installment. For just about any inquiries relating to visitors demands and STC rebates, kindly visit the tidy Fuel Regulator site.
Create i must examine the company of solar power are setup by my personal Approved sun merchant or Installer?
As a clear stamina Council certified Solar merchant or Installer, they will have dedicated to make their businesses activities in a responsible means and in conformity with solar market best practise. This consists of the application of approved solar power modules and participating brands.
For just about any problems or issues relating to your Approved sun Retailer or Installer, please go to the CEC internet site. For those who have any concerns with regards to your consumer legal rights, kindly visit the ACCC site for additional information or to lodge a complaint.
Have always been I entitled to a CommBank Green mortgage in the event that estimate from my personal installer try not as much as $5,000?
No, the minimum amount borrowed is actually $5,000. Get in touch with your house Lending professional to talk about your choices.
Am I able to borrow a lot more than $20,000 to install eligible small-scale renewables to my personal house with a CommBank Green financing?
No, $20,000 is the maximum amount borrowed. If the price of the qualified small-scale renewables setup is more than $20,000, you need to shell out the difference from your discount before we could create a payment towards the installer.
Therefore if, for example, the total expenses for your task are $25,000 therefore’ve already been authorized for all the optimum amount borrowed of $20,000, you’ll have to shell out the difference of $5,000 from your discount.
Am I able to do have more than one CommBank Green Loan installment loan online Rhode Island?
Yes, if you have numerous land and mortgages with our company, then you may be eligible to try to get multiple CommBank Green mortgage.
Should I apply for a CommBank Green Loan if I currently have a current eligible minor renewable(s) put in?
If you wish to upgrade your present minor renewables (adding a battery pack or maybe more solar panel systems, including), you may well be eligible for a CommBank Green Loan.
Really does the minimum exceptional stability of $150,000 (on my present CommBank home loan) consist of redraw?
No. the borrowed funds balances that we incorporate for eligibility is the exceptional stability you will find in NetBank or even the CommBank software.
Precisely what do I want to incorporate?
As well as the loan program documentation (evidence of your income, costs, property and debts), there are other records you’ll should supply.
Issues should be aware of
^ assessment rates calculated on a $30,000 protected mortgage over a 5-year term. WARNING: review price does work just for the advice given and might perhaps not feature all charges and expenses. Different terminology, charge and other loan quantities might result in an alternate assessment rates.
This information is given without deciding on your individual targets, financial situation or goals. Before generally making any behavior, you should look at the appropriateness your conditions and consider acquiring expert advice.
Software were subject to credit score rating acceptance, acceptable security and minimal requisite. Complete stipulations will likely be establish within mortgage provide, if a deal is made. Charges and expenses is payable. Interest levels are susceptible to transform.