The interest rate on new green home loans is the lowest ever

Online lender loans.com.au has announced a new cut to its Green Home loan 117 basis points (bp) below is the average variable interest rate for owner-occupier home loans in Mozo’s database.

The new variable rates came into effect:

  • Green Home Loan: This green home loan is down 20 basis points, starting at a low 1.88% pa (2.30% pa benchmark rate*). At the time of writing, this green credit is among the lowest in Mozo’s database.
  • Green construction loan: For those who want to build a green house, this loan starts at 1.88% pa (2.33% pa ​​comparable rate*).
  • Investor for green building: This investor loan now starts at 2.34% pa (2.63% pa ​​comparative interest rate*) for environmentally conscious builders.

Loans.com.au Managing Director Marie Mortimer says green loans are the future and they wanted to reward Australian families for choosing to build or buy a greener, more energy efficient home.

“Today more and more consumers are looking for sustainable financing options. We were one of the first to introduce a green home loan rebate and now we are again leading the market with the lowest green home loan rates available in Australia,” she says.

In the last week, Loans.com.au has cut interest rates on its many products. Earlier this week it announced ultra-low interest rates on variable car loans.

How do Loan.com.au’s new interest rates compare?

For starters, the owner-occupier loans are each 117 basis points below the average variable rate home loan interest rate of 3.05% in our database. The green loans are also below the average rate of 2.46% for loans made specifically for green homes found in the Mozo database.

To find out more about these home loans, including all their features and interest rates, visit our Loan.com.au page.

Otherwise, you can see how Loans.com.au compares to some other great loans with low variable interest rates in the table below, or by visiting the Mozo home loan comparison site.

* WARNING: This rate of comparison applies only to the example or examples provided. Different amounts and maturities lead to different comparison rates. Costs such as withdrawal fees or prepayment penalties and cost savings such as fee waivers are not included in the settlement rate, but may affect borrowing costs. The comparative interest rate shown is for a secured loan with monthly principal and interest payments of $150,000 over 25 years.

** The initial monthly repayment numbers are estimates only, based on the advertised interest rate, loan amount, and entered term. Rates, fees and charges, and therefore the total cost of the loan, may vary depending on the loan amount, loan term and credit history. Actual repayments will depend on your individual circumstances and changes in interest rates.

^See information on the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We do not consider your personal goals, financial situation or needs, and we do not recommend any particular product. You should make your own decision after reviewing the PDS or offering documentation or seeking independent advice.

While we pride ourselves on covering a wide range of products, we do not cover every product on the market. If you choose to apply for a product through our website, you are dealing directly with the supplier of that product and not with Mozo.

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