Launching CommBank Green Financing
An ultra-low, protected fixed rates loan without institution cost, month-to-month loan solution cost or early payment fee.
Customers with a qualified CommBank home loan or expense home loan are able to use the CommBank Green mortgage purchasing and download eligible clean energy services and products such as for instance solar power panels, power supply packs and solar heated water systems in the house guaranteed by their unique existing home loan.
At a glance
Eligible clean power items
You can make use of a CommBank Green financing to purchase and download one or more associated with the qualified thoroughly clean electricity goods the following.
Remember, solar panels (and inverters) and battery bags needs to be installed by a merchant and/or installer approved by the wash strength Council. It will help guarantee the plumped for techniques fulfill all appropriate Australian criteria.
TIP: It’s vital that you do some research and spend some time choosing the best solar power retailer and/or installer for your venture. See multiple estimates and evaluate all of them before choosing the best one individually. Have a look at approved solar power retailers towards you.
You can find out about qualified services and products from inside the FAQs.
For more information, download the CommBank Green mortgage manual (PDF) .
Tips apply
Check out the closest branch
All of our residence lending authorities are found at significantly more than 950 branches across Australia.
Get in touch with your Relationship management
Something a certified Solar Retailer and just how can I locate them?
Approved Solar merchants have now been approved by the Clean power Council as demonstrating her dedication to accountable purchases and advertisements recreation and solar power business best application.
What ought I manage if my personal Approved Retailer/Installer needs an initial deposit?
If in initial deposit is in advance, you’ll need to spend this from your economy.
We’ll compensate (cover) the deposit amount into the nominated drive Debit make up the CommBank Green Loan even as we get the last invoice.
Exactly what do I need to communicate with my Approved Solar store or Installer with regards to payment conditions?
We’re dedicated to paying the overall exceptional amount directly to your certified Solar store within fortnight of getting a validated invoice away from you (the consumer).
Am I going to want to pay my personal Approved Solar Installer upon completion of performs being state the minor innovation certificate (STC) discount?
No. The STC discount is stated within 12 months of construction. For any find more information inquiries regarding visitors demands and STC rebates, kindly visit the tidy Fuel Regulator website.
Would i must verify the company of cell becoming put in by my personal Approved Solar Retailer or Installer?
As on a clean Energy Council Approved sun Retailer or Installer, they’ve got dedicated to carry out their unique company activities in a responsible way plus in accordance with solar power sector best training. This includes the employment of authorized solar modules and participating brand names.
For just about any problems or complaints with regards to your Approved Solar Retailer or Installer, kindly visit the CEC web site. When you yourself have any issues regarding your customers legal rights, please go to the ACCC website for more information or even lodge a complaint.
Am we qualified to receive a CommBank Green Loan when the price from my personal installer try around $5,000?
No, minimal loan amount was $5,000. Call your house Lending expert to discuss your options.
Am I able to obtain over $20,000 to put in eligible minor renewables to my homes with a CommBank Green mortgage?
No, $20,000 is the maximum loan amount. If the cost of the eligible small-scale renewables installed is more than $20,000, you should shell out the difference from your own benefit before we could render a payment into the installer.
Anytime, as an example, the whole cost to suit your venture is actually $25,000 and you also’ve started accepted the max loan amount of $20,000, you’ll have to pay the real difference of $5,000 from your discount.
May I have significantly more than one CommBank Green mortgage?
Yes, if you have several properties and home loans with our team, then you can meet the requirements to apply for several CommBank Green Loan.
Should I make an application for a CommBank Green financing if I currently have an existing eligible small-scale renewable(s) put in?
Should you want to change your present small-scale renewables (by adding a battery power or more solar power panels, eg), you are entitled to a CommBank Green Loan.
Really does minimal exceptional balance of $150,000 (to my present CommBank home loan) consist of redraw?
No. The loan balances that people utilize for eligibility could be the outstanding stability you see in NetBank and/or CommBank application.
Exactly what do i must give?
As well as the loan program records (proof your earnings, expenditures, assets and obligations), there are some other papers you’ll need certainly to incorporate.
Issues should know about
^ evaluation speed computed on a $30,000 secured financing over a 5-year phrase. ALERTING: review speed does work limited to the advice offered and may also maybe not integrate all costs and fees. Various terms, fees or any other mortgage quantities might end in an alternate comparison rate.
This info happens to be supplied without deciding on your own goals, financial situation or goals. Prior to any decisions, you should think of its appropriateness towards conditions and think about acquiring expert advice.
Software include at the mercy of credit score rating approval, satisfactory security and minimum demands. Complete conditions and terms shall be lay out within financing provide, if a deal is created. Costs and expenses is payable. Interest rates tend to be at the mercy of change.