Green loan
Essentials
- An interest free loan of up to $10,000 to make green improvements to your home
- No set-up or ongoing fees1
- Loan term of 1 to 4 years
- Available for approved applicants only
As a partner in the Australian Government's Green Loan Program, Westpac is proud to offer an interest free loan of up to $10,000 for you to make environmentally friendly improvements to your home. Purchase recommended items from your home sustainability report to tackle climate change around your home such as solar, water saving and energy efficient products.
Things you should know
- 1. Other fees and charges may be payable. Full Terms and Conditions are available on request. These may be varied, or new Terms and Conditions introduced in the future.
- An application for credit is subject to the Bank's normal lending criteria.
Features
Eligibility
Please follow these steps before applying for a Westpac Green Loan:
- Register for a free home sustainability assessment. To find out how visit www.environment.gov.au/greenloans or call 1800 895 076.
- Once you receive your tailored home sustainability report detailing the energy and water saving recommendations you can make to your home, you can apply online or phone 132 651 for a Westpac Green Loan to make the recommended improvements.
You must ensure you’ve received your home sustainability report detailing your Assessment Reference Number (ARN) and the date your home assessment was completed as these details are needed in your application.
Your report is valid for up to 6 months from the date of issue.
Borrowing details
- Borrow between $1,000 and $10,000 with this no interest personal loan to buy the recommended items to tackle climate change around your home such as solar, water saving and energy efficient products
- Loan term is between 1 to 4 years
Repayments you can control
- Choose a term up to 4 years to keep your monthly commitment manageable
-
Make extra repayments when you have additional funds to reduce the term of your loan faster
Things you should know
- 1. Other fees and charges may be payable. Full Terms and Conditions are available on request. These may be varied, or new Terms and Conditions introduced in the future.
- An application for credit is subject to the Bank's normal lending criteria.
Fees
| Fee | Amount |
|---|---|
| Establishment fee | $0.00 |
| Monthly service fee | $0.00 |
| Prepayment fee | $0.00 |
Things you should know
- 1. Other fees and charges may be payable. Full Terms and Conditions are available on request. These may be varied, or new Terms and Conditions introduced in the future.
- An application for credit is subject to the Bank's normal lending criteria.
Rates
| Item | Annual rate p.a. |
|---|---|
| Annual percentage rate | 0.00% p.a. |
Things you should know
- 1. Other fees and charges may be payable. Full Terms and Conditions are available on request. These may be varied, or new Terms and Conditions introduced in the future.
- An application for credit is subject to the Bank's normal lending criteria.
Did you know?
By 2021 Australians could save more than $600 million on water and energy bills just by using more water efficient appliances and products. 800,000 megalitres of water would be saved - more than the whole of Sydney harbour.
