CommBank Green Loan. Get in on the growing amount of Australians using solar and making their homes energy-efficient.
Adding CommBank Green Mortgage
An ultra-low, guaranteed solved speed financing with no establishment fee, monthly mortgage service cost or early repayment charge.
Subscribers with a qualified CommBank mortgage or expense mortgage are able to use the CommBank Green Loan buying and install eligible thoroughly clean electricity products such as for example solar power panels, electric battery packs and solar hot-water techniques within homes guaranteed by their particular present mortgage loan.
At a glance
Qualified clean fuel goods
You need to use a CommBank Green financing purchase and download several associated with the eligible thoroughly clean stamina goods given just below.
Know, residential solar panels (and inverters) and electric battery bags must be put in by a retailer and/or installer www.yourloansllc.com/installment-loans-in approved by the tidy strength Council. This can help guarantee the preferred systems see all appropriate Australian guidelines.
Suggestion: It’s vital that you do some research and spend some time finding the right solar power retailer and/or installer for the project. See several prices and compare them before you choose the right one individually. Discover approved solar power stores towards you.
You will discover about qualified products from inside the FAQs.
For additional information, install the CommBank Green Loan guidelines (PDF) .
Visit your own nearest branch
The homes credit Specialists are available at more than 950 limbs across Australian Continent.
Call the connection supervisor
Understanding a certified sun store and just how am I able to see them?
Certified Solar merchants have-been approved by the wash strength Council as showing their dedication to liable sale and advertisements tasks and solar field best application.
What ought I perform if my personal Approved Retailer/Installer requires an initial deposit?
If a deposit is necessary up front, you’ll have to spend this from your own benefit.
We’ll compensate (cover) the deposit quantity into the nominated drive Debit be the cause of their CommBank Green financing even as we get the final invoice.
What must I correspond with my certified Solar Retailer or Installer concerning installment conditions?
We’re devoted to paying the complete outstanding amount straight to your own Approved Solar merchant within week or two of getting a confirmed charge away from you (the customer).
Can I need certainly to shell out my personal Approved sun Installer upon conclusion of functions being claim the minor technologies certificate (STC) rebate?
No. The STC discount could be stated within one year of construction. For just about any questions concerning consumer specifications and STC rebates, kindly visit the Clean strength Regulator web site.
Carry out i must validate the brand of solar panel getting put in by my personal Approved sun Retailer or Installer?
As on a clean strength Council certified Solar merchant or Installer, they have dedicated to conduct their unique company recreation in an accountable manner plus accordance with solar sector best practice. For example the utilization of approved solar power modules and participating manufacturer.
For any concerns or complaints about your certified sun store or Installer, please go to the CEC internet site. For those who have any issues about your consumer legal rights, please visit the ACCC website for additional information or to lodge a complaint.
Have always been we entitled to a CommBank Green financing when the estimate from my personal installer is actually significantly less than $5,000?
No, minimal amount borrowed try $5,000. Speak to your residence Lending Specialist to discuss your options.
Can I acquire above $20,000 to install qualified small-scale renewables to my personal land with a CommBank Green Loan?
No, $20,000 will be the maximum loan amount. If the cost of the eligible small-scale renewables setup is more than $20,000, you have to pay the real difference from your savings before we can generate a payment towards the installer.
So if, for example, the sum of the price for the project is actually $25,000 while’ve been accepted for any max loan amount of $20,000, you’ll need to shell out the real difference of $5,000 from your cost savings.
Can I have significantly more than one CommBank Green financing?
Yes, if you have numerous characteristics and mortgage loans with our team, you might be eligible to apply for several CommBank Green mortgage.
Am I able to submit an application for a CommBank Green mortgage if I actually have an existing qualified minor renewable(s) installed?
If you wish to upgrade your present small-scale renewables (adding a battery power or more solar power panels, for example), you may be eligible for a CommBank Green mortgage.
Does the minimum outstanding balance of $150,000 (on my established CommBank mortgage) integrate redraw?
No. the borrowed funds balance that people incorporate for qualifications is the outstanding balances the truth is in NetBank or the CommBank application.
What exactly do i must incorporate?
As well as the loan program papers (evidence of your earnings, expenditures, property and obligations), there are other records you’ll need to provide.
Things should be aware of
^ Comparison speed determined on a $30,000 secured financing over a 5-year label. ALERTING: assessment price holds true limited to the instances provided that will not integrate all fees and fees. Different conditions, costs or other loan amount might result in a new assessment rates.
These details has become given without considering your own personal goals, financial predicament or requirements. Before making any behavior, you should think of its appropriateness towards situations and consider getting qualified advice.
Solutions tend to be susceptible to credit score rating acceptance, satisfactory security and lowest requisite. Complete stipulations are going to be lay out in our financing offer, if a deal is created. Fees and expense tend to be payable. Rates include susceptible to changes.