CommBank Green Loan. Get in on the expanding number of Australians switching to solar power and creating their homes energy saving.
Adding CommBank Green Financing
An ultra-low, guaranteed set rate loan with no institution cost, monthly mortgage solution cost or very early payment fee.
People with a qualified CommBank mortgage loan or investments mortgage can use the CommBank Green financing to get and download qualified clean stamina merchandise eg solar panel systems, battery pack bags and solar power warm water techniques in the belongings protected by their own current mortgage.
Qualified clean fuel goods
You are able to a CommBank Green financing purchase and download one or more from the qualified clean strength goods the following.
Consider, solar power systems (and inverters) and power packs needs to be setup by a store and/or installer approved by the tidy Energy Council. This can help guarantee the plumped for systems fulfill all appropriate Australian guidelines.
Idea: It’s important to search and spend time finding the right solar merchant and/or installer to suit your job. Get multiple prices and evaluate them before you choose the correct one for you. Discover approved solar power stores near Source you.
You can find out more and more eligible products inside the FAQs.
For more information, download the CommBank Green Loan tips guide (PDF) .
Check out your own nearest branch
Our very own house financing professionals can be obtained at above 950 limbs across Australian Continent.
Call your own commitment management
Understanding a certified Solar merchant and exactly how should I see them?
Certified Solar Retailers have been authorized by the Clean stamina Council as showing her dedication to accountable income and advertisements recreation and solar industry best practise.
Just what ought I carry out if my Approved Retailer/Installer needs an initial deposit?
If in initial deposit is necessary in advance, you’ll should pay this from your own savings.
We’ll compensate (pay) the deposit quantity in the nominated Direct Debit make up your own CommBank Green financing after we have the best invoice.
Just what ought I keep in touch with my personal Approved sun store or Installer regarding fees terminology?
We’re focused on make payment on full exceptional quantity straight to your own certified Solar merchant within 2 weeks of obtaining a verified invoice from you (the consumer).
Am I going to have to pay my personal certified Solar Installer upon conclusion of work so that you can state the minor tech certificate (STC) rebate?
No. The STC discount is generally reported within 12 months of installations. For just about any inquiries relating to consumer specifications and STC rebates, please go to the Clean strength Regulator web site.
Manage i must verify the company of solar power getting set up by my personal Approved Solar store or Installer?
As a Clean stamina Council Approved Solar Retailer or Installer, they usually have invested in make her businesses strategies in an accountable way as well as in accordance with solar power markets best exercise. This includes the usage of authorized solar power segments and participating manufacturer.
For questions or complaints regarding your certified sun Retailer or Installer, please visit the CEC websites. When you have any questions with regards to your customers legal rights, kindly visit the ACCC site for additional information or even lodge a complaint.
Am we qualified to receive a CommBank Green financing if estimate from my installer was below $5,000?
No, minimal loan amount was $5,000. Get in touch with your Home Lending professional to go over your choices.
Am I able to acquire more than $20,000 to put in qualified minor renewables to my personal land with a CommBank Green financing?
No, $20,000 will be the greatest loan amount. If cost of the eligible small-scale renewables setup is over $20,000, you must shell out the real difference from your discount before we could make a payment into the installer.
Therefore if, for example, the entire price to suit your task was $25,000 and you’ve already been approved for maximum loan amount of $20,000, you’ll need to pay the real difference of $5,000 from your savings.
May I have more than one CommBank Green financing?
Yes, if you have several residential properties and home loans with us, then you can qualify to try to get one or more CommBank Green financing.
Can I get a CommBank Green Loan if I currently have a current qualified minor renewable(s) set up?
If you want to change your established small-scale renewables (by the addition of a battery power or maybe more solar panels, eg), you may be qualified to receive a CommBank Green mortgage.
Do minimal outstanding stability of $150,000 (back at my present CommBank home loan) incorporate redraw?
No. The loan balance that individuals make use of for eligibility will be the outstanding balance the truth is in NetBank or even the CommBank app.
Exactly what do i have to create?
Besides your loan application records (proof your earnings, expenditures, assets and liabilities), there are some other documentation you’ll have to supply.
Items you should be aware
^ contrast rates calculated on a $30,000 guaranteed loan over a 5-year phrase. WARNING: Comparison rates does work just for the advice provided and may not integrate all charges and expenses. Different terms, charge or other financing quantities might bring about yet another assessment rate.
This data was offered without considering your individual goals, finances or requirements. Prior to making any behavior, you should look at their appropriateness towards situation and think about getting expert advice.
Solutions tend to be subject to credit affirmation, satisfactory security and minimum requisite. Complete terms and conditions might be establish inside our loan give, if an offer is made. Charge and expense is payable. Rates of interest include susceptible to changes.