CommBank Green financing. Get in on the raising amount of Australians switching to solar and making their houses energy saving.

Introducing CommBank Green Mortgage

An ultra-low, protected fixed price financing with no institution cost, monthly mortgage provider cost or early repayment charge.

Clients with a qualified CommBank mortgage loan or expense mortgage are able to use the CommBank Green financing purchase and put in eligible clean strength merchandise such as for instance solar panels, battery packages and solar hot water techniques at the residential property secured by their established mortgage.

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Eligible clean stamina services and products

You are able to a CommBank Green mortgage purchasing and download a number of of eligible clean power services and products given below.

Bear in mind, solar panel systems (and inverters) and power supply packages should be installed by a retailer and/or installer approved by the wash stamina Council. It will help guarantee the picked methods see all pertinent Australian requirements.

Idea: It’s important to perform some research and spending some time discovering the right solar store and/or installer for your project. See several rates and compare all of them before you choose the right choice web sites for your needs. Take a look at authorized solar retailers near you.

You can find out more and more qualified goods inside the FAQs.

To find out more, install the CommBank Green Loan manual (PDF) .

Tips implement

Head to your own nearest department

Our very own homes lending authorities can be obtained at a lot more than 950 branches across Australian Continent.

Speak to your own union Manager

What is an Approved Solar Retailer and how may I see them?

Certified Solar Retailers happen authorized by the Clean electricity Council as showing their own commitment to liable sale and advertising and marketing tasks and solar field best practise.

Exactly what can I carry out if my personal Approved Retailer/Installer needs an initial deposit?

If in initial deposit is necessary at the start, you’ll want to pay this from your own savings.

We’ll compensate (cover) the deposit quantity into the nominated drive Debit make up your own CommBank Green Loan as we have the last charge.

Exactly what do I need to communicate with my Approved sun merchant or Installer concerning repayment terminology?

We’re dedicated to paying the full outstanding amount straight to your own Approved sun store within fourteen days of receiving a confirmed charge away from you (the customer).

Will I must pay my certified sun Installer upon completion of work being claim the minor technologies certificate (STC) rebate?

No. The STC discount is stated within 12 months of installations. For any concerns relating to visitors demands and STC rebates, please go to the tidy electricity Regulator website.

Would i have to confirm the brand of solar power becoming installed by my personal certified sun store or Installer?

As a Clean stamina Council Approved Solar Retailer or Installer, they have focused on conduct their particular business activities in an accountable fashion along with accordance with solar power business best practise. Including the utilization of approved solar segments and participating brands.

Regarding questions or grievances regarding your certified Solar store or Installer, please go to the CEC websites. For those who have any questions relating to your customer liberties, kindly visit the ACCC internet site for more information or perhaps to lodge a complaint.

Are we qualified to receive a CommBank Green mortgage if offer from my installer are around $5,000?

No, the minimum amount borrowed is $5,000. Make contact with your Home Lending expert to discuss your alternatives.

May I acquire more than $20,000 to install eligible small-scale renewables to my personal belongings with a CommBank Green financing?

No, $20,000 is the maximum amount borrowed. In the event that price of the eligible small-scale renewables setup is over $20,000, you have to spend the real difference from your savings before we can create a payment into installer.

So if, like, the sum total price for your task try $25,000 while’ve been accepted your maximum amount borrowed of $20,000, you’ll must spend the difference of $5,000 from your benefit.

Am I able to convey more than one CommBank Green mortgage?

Yes, when you yourself have numerous attributes and home loans with our team, then you can qualify to try to get several CommBank Green mortgage.

Is it possible to get a CommBank Green mortgage easily already have a current qualified small-scale renewable(s) setup?

Should you want to change your current minor renewables (adding a battery power or higher residential solar panels, including), you might be eligible for a CommBank Green Loan.

Do minimal outstanding stability of $150,000 (on my present CommBank home loan) feature redraw?

No. the mortgage balances we need for eligibility may be the outstanding stability the truth is in NetBank and/or CommBank software.

Exactly what do I want to render?

Along with your loan software documentation (proof your earnings, expenditures, assets and liabilities), there are more documents you’ll should offer.

Things you ought to know

^ review speed calculated on a $30,000 secured mortgage over a 5-year term. WARNING: Comparison price does work mainly for the advice provided and might not incorporate all charge and charges. Different conditions, charges or other loan quantities might produce an alternate assessment speed.

These records might given without thinking about your own personal objectives, finances or requires. Before generally making any decisions, you should think about their appropriateness to your situation and think about acquiring qualified advice.

Software tend to be susceptible to credit score rating approval, satisfactory security and minimum criteria. Complete terms and conditions are establish within our mortgage give, if an offer is created. Charge and charges is payable. Rates were at the mercy of transform.