Bringing in CommBank Green Financing
An ultra-low, guaranteed set rates mortgage without any institution cost, month-to-month loan provider fee or very early payment cost.
Users with a qualified CommBank mortgage or investments home loan can use the CommBank Green mortgage purchase and put in qualified clean electricity merchandise such as for example solar panel systems, battery pack bags and solar power hot water methods at land guaranteed by their particular existing mortgage.
Without delay
Eligible thoroughly clean energy goods
You can use a CommBank Green financing to purchase and download one or more of this eligible clean fuel goods down the page.
Know, solar power systems (and inverters) and battery pack packs should be setup by a retailer and/or installer authorized by the tidy electricity Council. It will help ensure the chosen programs meet all relevant Australian expectations.
Idea: It’s important to perform some research and spend time choosing the best solar retailer and/or installer for the task. See several quotes and examine all of them before choosing the right one for you personally. Check-out authorized solar power merchants towards you.
You will discover more about qualified goods in the FAQs.
To learn more, install the CommBank Green Loan guide (PDF) .
Just how to apply
See the closest part
The residence financing professionals can be purchased at over 950 branches across Australian Continent.
Make contact with their union supervisor
What’s a certified sun merchant and how could I see them?
Approved Solar stores have already been approved by the wash Fuel Council as demonstrating her dedication to responsible revenue and advertisements tasks and solar markets best practise.
What must I perform if my certified Retailer/Installer needs an upfront deposit?
If a deposit is needed up front, you’ll should pay this from your own cost savings.
We’ll repay (cover) the deposit quantity in the nominated drive Debit make up your own CommBank Green mortgage as we have the final invoice.
What do I need to talk to my personal certified Solar Retailer or Installer with regards to payment terms and conditions?
We’re focused on make payment on overall exceptional quantity straight to their certified sun Retailer within fourteen days of receiving a verified charge from you (the consumer).
Can I have to pay my personal Approved Solar Installer upon conclusion of functions in order to claim the small-scale tech certificate (STC) rebate?
No. The STC rebate can be reported within one year of construction. Regarding questions with regards to buyer needs and STC rebates, kindly visit the wash power Regulator web site.
Do I want to verify the company of solar power becoming setup by my personal certified Solar Retailer or Installer?
As on a clean power Council Approved sun store or Installer, they’ve dedicated to carry out their own company strategies in a responsible means and in accordance with solar field best rehearse. This may involve making use of approved solar modules and participating brand names.
For almost any problems or grievances with regards to your certified Solar merchant or Installer, please visit the CEC websites. If you have any questions with regards to your consumer legal rights, please go to the ACCC website for more information or to lodge a complaint.
In the morning we eligible for a CommBank Green mortgage in the event the estimate from my installer is actually lower than $5,000?
No, the minimum amount borrowed try $5,000. Speak to your house Lending expert to discuss your alternatives.
Am I able to obtain a lot more than $20,000 to install qualified minor renewables to my personal homes with a CommBank Green mortgage?
No, $20,000 will be the maximum loan amount. If price of the qualified small-scale renewables set up is more than $20,000, you have to shell out the real difference from your own cost savings before we could making a payment for the installer.
Anytime, as an example, the entire cost for the project is $25,000 while’ve started approved for any optimum loan amount of $20,000, you’ll should pay the real difference of $5,000 from your benefit.
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Can I have more than one CommBank Green mortgage?
Yes, if you have numerous attributes and mortgage loans with us, then you can meet the requirements to apply for more than one CommBank Green mortgage.
Could I make an application for a CommBank Green financing if I already have a current qualified minor renewable(s) setup?
If you wish to change your existing small-scale renewables (by the addition of a battery power or more solar power systems, like), you may be entitled to a CommBank Green mortgage.
Really does minimal exceptional balance of $150,000 (back at my established CommBank home loan) incorporate redraw?
No. the mortgage balances that individuals make use of for qualifications may be the outstanding balance the thing is that in NetBank or perhaps the CommBank app.
Exactly what do I want to supply?
Besides the loan program records (proof of your income, spending, property and debts), there are other files you’ll need certainly to supply.
Things ought to know
^ evaluation price determined on a $30,000 secured mortgage over a 5-year term. WARNING: review price holds true only for the examples considering and might maybe not put all fees and costs. Different terms, charge or any other loan amounts might end up in a different sort of comparison rate.
These records has been offered without thinking about your individual targets, financial situation or desires. Before you make any decisions, you should think about the appropriateness your situation and consider acquiring expert advice.
Applications are subject to credit score rating approval, satisfactory safety and lowest needs. Full conditions and terms shall be lay out within our financing offer, if an offer is manufactured. Charges and fees is payable. Interest rates are susceptible to alter.