CommBank Green Loan. Get in on the raising range Australians using solar and creating their homes energy conserving.
Presenting CommBank Green Financing
An ultra-low, guaranteed solved rates financing without any establishment fee, monthly loan service fee or early payment charge.
Clients with a qualified CommBank mortgage loan or investment mortgage may use the CommBank Green Loan purchase and put in eligible clean stamina products for example solar energy panels, power packs and solar power warm water systems within belongings protected by their current mortgage.
At a glance
Eligible thoroughly clean strength goods
You are able to a CommBank Green Loan to purchase and put in more than one with the qualified clean energy merchandise down the page.
Consider, solar panels (and inverters) and battery pack bags must certanly be installed by a merchant and/or installer approved by the tidy power Council. This can help make sure the preferred systems see all pertinent Australian specifications.
TIP: It’s vital that you search and spending some time finding the right solar store and/or installer for the job. Bring multiple prices and evaluate all of them before selecting the correct one for your needs. Browse authorized solar power stores in your area.
You can find out a lot more about qualified merchandise when you look at the FAQs.
For more information, install the CommBank Green financing tips guide (PDF) .
Just how to use
Go to their closest part
All of our house credit professionals can be located at over 950 branches across Australia.
Call the union Manager
What’s an Approved Solar Retailer and exactly how is it possible to see them?
Approved Solar Retailers are approved by the tidy stamina Council as demonstrating their dedication to accountable deals and promotional tasks and solar power sector best rehearse.
Just what should I do if my certified Retailer/Installer needs an upfront deposit?
If a deposit is needed beforehand, you’ll want to spend this from your own discount.
We’ll compensate (cover) the deposit amount into the nominated immediate Debit take into account their CommBank Green financing as we have the final invoice.
Just what do I need to keep in touch with my personal certified sun merchant or Installer relating to payment terminology?
We’re focused on make payment on full outstanding levels straight to their certified Solar merchant within week or two of obtaining a verified invoice away from you (the customer).
Will I want to spend my Approved Solar Installer upon completion of works to be able to state the small-scale tech certificate (STC) rebate?
No. The STC discount can be said within one year of installations. Regarding issues relating to consumer demands and STC rebates, kindly visit the tidy Fuel Regulator internet site.
Create i must examine the company of solar power becoming set up by my personal certified Solar Retailer or Installer?
As on a clean power Council Approved sun merchant or Installer, obtained committed to carry out her company tasks in a responsible way plus accordance with solar power market best rehearse. This may involve using approved solar segments and participating companies.
For almost any questions or issues with regards to your Approved sun Retailer or Installer, please visit the CEC website. When you have any concerns with regards to your consumer rights, please go to the ACCC site to learn more or even lodge a complaint.
Am I qualified to receive a online installment loans Maine bad credit CommBank Green Loan if quote from my installer try less than $5,000?
No, the minimum amount borrowed is $5,000. Make contact with your house Lending expert to talk about your alternatives.
Should I acquire a lot more than $20,000 to put in eligible minor renewables to my land with a CommBank Green mortgage?
No, $20,000 could be the greatest loan amount. If cost of the qualified small-scale renewables installed is over $20,000, you need to spend the real difference from your own cost savings before we are able to generate a payment to the installer.
So if, for instance, the full total expense for your task is actually $25,000 and you’ve been recommended when it comes down to maximum amount borrowed of $20,000, you’ll have to shell out the real difference of $5,000 from your economy.
Could I have more than one CommBank Green mortgage?
Yes, when you have multiple attributes and mortgages around, then you may meet the requirements to try to get several CommBank Green financing.
Is it possible to apply for a CommBank Green Loan basically already have a preexisting suitable minor renewable(s) set up?
If you’d like to change your present small-scale renewables (by adding a battery power or more solar panel systems, as an example), you may be entitled to a CommBank Green Loan.
Do minimal exceptional stability of $150,000 (on my present CommBank home loan) integrate redraw?
No. The loan balances that we incorporate for qualifications is the outstanding stability the truth is in NetBank or perhaps the CommBank app.
What exactly do i have to give?
Along with the loan software documents (evidence of your earnings, expenses, possessions and liabilities), there are various other documentation you’ll must provide.
Issues should be aware
^ evaluation rate determined on a $30,000 guaranteed financing over a 5-year name. ALERTING: contrast price is true only for the advice considering and will perhaps not include all charges and expense. Different conditions, charges or other financing amounts might end in a special contrast price.
This information happens to be provided without deciding on your own targets, financial situation or specifications. Before you make any choices, you should think about its appropriateness your situation and think about acquiring professional advice.
Solutions tend to be subject to credit score rating affirmation, satisfactory protection and lowest requirements. Full stipulations will be lay out inside our loan present, if an offer is created. Charge and expenses tend to be payable. Interest rates are susceptible to changes.
