CommBank Green financing. Get in on the growing amount of Australians switching to solar power and producing their homes energy efficient.

November 9, 2021

CommBank Green financing. Get in on the growing amount of Australians switching to solar power and producing their homes energy efficient.

Exposing CommBank Green Mortgage

An ultra-low, guaranteed repaired price mortgage with no organization cost, monthly loan service charge or very early repayment cost.

Users with a qualified CommBank mortgage or expense mortgage may use the CommBank Green financing purchase and put in qualified thoroughly clean stamina services and products for example residential solar panels, electric battery packages and solar power hot-water systems within house protected by their particular existing home loan.

Immediately

Eligible clean energy items

You need a CommBank Green Loan to get and put in several of this qualified thoroughly clean energy merchandise here.

Keep in mind, solar panels (and inverters) and power packages should be put in by a store and/or installer authorized by the wash electricity Council. It will help ensure the selected systems see all appropriate Australian requirements.

TIP: It’s crucial that you perform some research and spend some time choosing the best solar store and/or installer for the task. Have numerous quotes and examine them before you choose the correct one for you personally. Have a look at authorized solar power stores close by.

You can find out a lot more about qualified items within the FAQs.

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

How-to apply

See your nearest branch

Our residence credit authorities are located at more than 950 limbs across Australia.

Make contact with the commitment Manager

Understanding a certified sun Retailer and exactly how is it possible to locate them?

Certified sun merchants have been authorized by the Clean stamina Council as demonstrating their particular dedication to responsible business and advertising strategies and solar business best application.

Just what can I manage if my personal Approved Retailer/Installer calls for an initial deposit?

If in initial deposit is required beforehand, you’ll have to pay this from your discount.

We’ll reimburse (cover) the deposit levels into the nominated immediate Debit account for the CommBank Green Loan as we receive the best charge.

What can I communicate with my personal Approved sun store or Installer relating to installment terms?

We’re devoted to make payment on full outstanding levels directly to the Approved Solar Retailer within 2 weeks of obtaining a validated charge away from you (the client).

Can I need to pay my personal certified Solar Installer upon end of performs to claim the minor tech certificate (STC) rebate?

No. The STC discount is generally advertised within one year of installation. For just about any inquiries concerning client needs and STC rebates, please visit the wash electricity Regulator websites.

Carry out I need to confirm the company of solar panel being installment loans online for bad credit Maine setup by my certified sun store or Installer?

As on a clean Fuel Council certified sun store or Installer, they usually have focused on perform their unique businesses tasks in an accountable fashion and also in conformity with solar power sector best exercise. This may involve the aid of approved solar segments and participating brands.

For concerns or problems relating to your Approved sun merchant or Installer, please go to the CEC website. When you have any questions relating to your consumer liberties, kindly visit the ACCC site to find out more or to lodge a complaint.

Was I eligible for a CommBank Green Loan if price from my personal installer try less than $5,000?

No, minimal amount borrowed are $5,000. Call your Home Lending expert to discuss your alternatives.

Could I use more than $20,000 to install eligible minor renewables to my personal residential property with a CommBank Green Loan?

No, $20,000 will be the optimum amount borrowed. If cost of the eligible small-scale renewables put in is over $20,000, you must spend the difference from your discount before we could render a payment towards the installer.

Therefore if, for instance, the entire price to suit your task try $25,000 while’ve come accepted when it comes down to max amount borrowed of $20,000, you’ll have to pay the real difference of $5,000 from your savings.

Is it possible to have more than one CommBank Green financing?

Yes, when you have several properties and mortgages with our company, then you can qualify to apply for one or more CommBank Green mortgage.

Am I able to sign up for a CommBank Green Loan easily curently have a preexisting suitable small-scale renewable(s) installed?

If you want to change your present small-scale renewables (with the addition of a battery pack or maybe more solar power systems, for instance), maybe you are eligible for a CommBank Green mortgage.

Do the minimum exceptional balance of $150,000 (to my existing CommBank home loan) add redraw?

No. the mortgage balances that individuals use for qualification may be the exceptional balances you find in NetBank and/or CommBank software.

What do i must create?

As well as your loan software records (proof your income, costs, possessions and debts), there are some other papers you’ll need to render.

Things ought to know

^ assessment price determined on a $30,000 protected loan over a 5-year phrase. ALERTING: review rate holds true just for the advice offered and will perhaps not integrate all fees and expense. Different terminology, charge and other mortgage quantities might end up in an alternate evaluation rate.

This data is given without deciding on your individual goals, financial predicament or needs. Prior to making any choices, you should look at its appropriateness towards conditions and consider acquiring professional advice.

Applications is susceptible to credit affirmation, acceptable security and minimal criteria. Full conditions and terms is going to be put down within mortgage give, if a deal is created. Charge and fees become payable. Rates are at the mercy of alter.

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