Online lender loans.com.au has unveiled what could be the lowest green home loan rate in the market, a huge win for many Australians who are opting for a more energy-efficient home.
loans.com.au reduced its rate for its Green Home Loan to 1.88% p.a. (2.30% p.a. comparison rate).
The lender’s Green Construction Loan also bears an interest rate of 1.88% p.a. (2.33% p.a. comparison rate) while its Green Construction Investor loan has a rate of 2.39% p.a. (2.84% p.a. comparison rate).
To qualify for these loans, borrowers need to present their properties’ 7-star NatHERS rating from an accredited assessor.
loans.com.au managing director Marie Mortimer said these discounted rates will help environmentally supportive Australian borrowers save thousands of dollars.
“The savings you get on your home loan by choosing to go green could easily cover any costs of opting for an environmentally friendly home,” Ms Mortimer said.
Meanwhile, here are some of the latest changes in interest rates among other Australian lenders over the past week:
Bank Australia
|
Bank Australia Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Basic Home Loan <90% |
-51bps |
2.19% p.a. |
2.23% p.a. |
|
Basic Home Loan <80% |
-31bps |
1.99% p.a. |
2.03% p.a. |
|
Basic Investment Loan P&I <80% |
-45bps |
2.29% p.a. |
2.33% p.a. |
ING
|
ING Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Orange Advantage Residential Fixed 3 yrs ≤ 80% |
+30bps |
3.49% p.a. |
2.72% p.a. |
|
Investment Fixed P&I 3 yrs |
+30bps |
3.69% p.a. |
2.99% p.a. |
|
Residential Fixed 1 yr ≤80% |
+15bps |
2.59% p.a. |
2.07% p.a. |
TicToc
|
TicToc Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Investment Fixed P&I 3 yrs |
+35bps |
3.25% p.a. |
2.94% p.a. |
|
Live-in Fixed IO 4 yrs |
+45bps |
3.67% p.a. |
3.11% p.a. |
|
Live-in Fixed IO 5 yrs |
+55bps |
3.87% p.a. |
3.24% p.a. |
Bendigo Bank
|
Bendigo Bank Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Complete Home Loan Fixed P&I 3 yrs |
+35bps |
3.74% p.a. |
2.83% p.a. |
|
Complete Home Loan Fixed P&I 5 yrs |
+40bps |
4.09% p.a. |
3.20% p.a. |
|
Investment Complete Home Loan Fixed P&I 5 yrs |
+40bps |
4.29% p.a. |
3.40% p.a. |
Aussie
|
Aussie Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Investment Elevate Fixed 2 yrs IO |
+60bps |
3.59% p.a. |
3.16% p.a. |
|
Inv Select Basic Fixed PI 3 yrs 80-90% |
+80bps |
4.39% p.a. |
3.36% p.a. |
|
Select Basic Fixed PI 3 yrs 80-90% |
+80bps |
4.19% p.a. |
2.78% p.a. |
Greater Bank
|
Greater Bank Loan Product |
Change |
New Advertised Rate |
Comparison Rate |
|
Ultimate Fixed 1 yr |
+20bps |
2.19% p.a. |
3.76% p.a. |
|
Ultimate Discount Investment P&I Fixed 1 yr 150k+ |
+10bps |
2.39% p.a. |
3.19% p.a. |
|
Great Rate Discount Fixed 1 yr $150k+ |
+20bps |
2.19% p.a. |
2.20% p.a. |
To view some of the best home loan products currently in the market this month, you can go to this page: best home loans in australia
Collections: Mortgage News Interest Rates
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