CommBank Green Loan. Join the expanding number of Australians switching to solar power and producing their houses energy saving.

Presenting CommBank Green Loan

An ultra-low, guaranteed fixed rates financing without any organization fee, month-to-month loan service cost or very early payment cost.

Subscribers with an eligible CommBank mortgage or expense home loan are able to use the CommBank Green financing buying and put in eligible thoroughly clean energy items like solar power systems, battery packages and solar hot-water techniques at belongings secured by their own established mortgage.

Without delay

Qualified thoroughly clean electricity products

You are able to a CommBank Green mortgage to purchase and put in a number of of this eligible thoroughly clean electricity items given below.

Understand, solar energy panels (and inverters) and battery pack packages ought to be put in by a store and/or installer approved by the wash electricity Council. It will help make sure the chosen programs satisfy all relevant Australian requirements.

Idea: It’s crucial that you do some research and spending some time discovering the right solar store and/or installer for the project. Get several prices and evaluate all of them before choosing the right one individually. Examine approved solar power stores towards you.

You can find out more and more qualified products online installment loans OK into the FAQs.

For additional information, download the CommBank Green Loan tips guide (PDF) .

How-to use

Head to their closest department

Our very own homes credit professionals can be seen at a lot more than 950 limbs across Australia.

Get in touch with your partnership supervisor

What’s an Approved Solar Retailer and how can I find them?

Certified Solar Retailers have now been approved by the Clean power Council as showing their own dedication to accountable revenue and marketing strategies and solar power industry best rehearse.

Exactly what must I create if my personal certified Retailer/Installer need an initial deposit?

If in initial deposit is needed up front, you’ll must pay this from your own discount.

We’ll reimburse (wages) the deposit quantity to your nominated Direct Debit account fully for your CommBank Green Loan if we get the last invoice.

Exactly what can I correspond with my certified sun Retailer or Installer relating to repayment terminology?

We’re dedicated to paying the complete outstanding amount right to your certified sun store within fourteen days of receiving a confirmed charge away from you (the customer).

Can I need to spend my certified sun Installer upon conclusion of performs to claim the small-scale development certificate (STC) rebate?

No. The STC rebate can be said within year of setting up. For just about any questions relating to visitors criteria and STC rebates, please visit the tidy stamina Regulator website.

Carry out I want to confirm the company of cell are put in by my certified Solar store or Installer?

As a clear stamina Council certified Solar Retailer or Installer, they have dedicated to carry out their particular company strategies in an accountable way plus in accordance with solar industry best application. For example the utilization of approved solar segments and participating companies.

Regarding problems or issues relating to your Approved sun store or Installer, please visit the CEC website. If you have any questions relating to your customer legal rights, please go to the ACCC internet site to find out more or even to lodge a complaint.

Are we eligible for a CommBank Green financing in the event the quote from my installer try not as much as $5,000?

No, the minimum loan amount was $5,000. Make contact with your residence Lending Specialist to discuss your options.

Could I borrow over $20,000 to set up eligible minor renewables to my personal belongings with a CommBank Green Loan?

No, $20,000 could be the maximum loan amount. In the event that cost of the qualified minor renewables setup is more than $20,000, you need to pay the real difference from your own savings before we are able to make a payment with the installer.

Therefore if, for example, the whole expenses for the project try $25,000 and you also’ve started authorized for your optimum loan amount of $20,000, you’ll should pay the real difference of $5,000 from your cost savings.

Am I able to have more than one CommBank Green mortgage?

Yes, for those who have multiple residential properties and home loans with our company, then you can be eligible to try to get multiple CommBank Green financing.

Could I submit an application for a CommBank Green financing easily currently have a preexisting qualified minor renewable(s) installed?

If you wish to upgrade your present small-scale renewables (with the addition of a battery pack or higher solar power panels, for example), you may well be entitled to a CommBank Green mortgage.

Does the minimum outstanding stability of $150,000 (to my current CommBank mortgage loan) incorporate redraw?

No. the borrowed funds balance we use for qualifications will be the outstanding balance you notice in NetBank or even the CommBank app.

What do I want to offer?

In addition to your loan program documents (proof of your revenue, expenses, property and liabilities), there are other documents you’ll should give.

Issues should know about

^ Comparison price calculated on a $30,000 guaranteed financing over a 5-year label. ALERTING: assessment rate holds true only for the advice offered and will perhaps not incorporate all costs and fees. Various terms and conditions, fees or any other financing amounts might produce a different sort of evaluation rate.

This info has been supplied without deciding on your own personal goals, finances or specifications. Before generally making any conclusion, you should think of the appropriateness to your situation and think about acquiring professional advice.

Programs were at the mercy of credit score rating endorsement, acceptable protection and minimal demands. Complete conditions and terms would be set out within mortgage give, if a deal is manufactured. Fees and charges tend to be payable. Rates are subject to changes.