A loan to help make your home more sustainable
Looking to make energy-efficient or climate-resilient upgrades to your home? Our Sustainable Upgrades home and investment loans come with a cool rate.
Thinking about making your home more sustainable?
Access a 2nd loan
An extra home loan or investment loan secured against your property, with no package or offset available. Borrow up to $50k.
Home improvements
Help take control of your energy consumption with upgrades like solar panels and batteries. Plus, you could make bushfire, storm, and flood resilient upgrades.
Cool rate, no monthly fees
You won't pay any loan establishment or monthly account fees.
Flexible repayments
Pay it off as fast as you like with unlimited extra repayments (redraw unavailable).
Cool rate
3.99% p.a.
Variable interest rate
3.99% p.a
Comparison rate1
$4k to $50k loan amount on Principal & Interest repayments. 10-year maximum loan term. One Sustainable Upgrades home or investment loan per property.
Backed by the Clean Energy Finance Corporation
We’re working with Australia’s ‘green bank’, the Clean Energy Finance Corporation (CEFC), which invests to help Australia’s transition to net zero emissions. Included in our rate is support from the CEFC through their Household Energy Upgrades Fund.
Explore how you could upgrade your home
Cogo’s Tool quickly estimates the energy efficiency of a comparable home to yours. In minutes, get energy-efficient upgrade suggestions and information on: Typical upgrade costs Estimated energy bill reductions, and Potential rebates Cogo is a third-party platform. The Home Energy Efficiency Tool is offered by Cogo and not Westpac Banking Corporation (Westpac). Use of the Tool is not required to apply for a Sustainable Upgrades Home or Investment Loan.
Sustainable upgrade offers from our approved providers
Quotes with Origin
Do I qualify?
What you need to be eligible
- You must have or be approved for a Westpac home or investment loan with a minimum loan size of $150k
- The property securing your Westpac home or investment loan must be the property being upgraded for energy-efficiency or climate-resilience
- Your combined loan amounts must not require Lenders mortgage insurance (LMI).
- You've chosen eligible energy-efficiency upgrades from Origin, or from our list of climate-resilience upgrades, and funds are only spent on these upgrades.
What if I don't qualify?
Don’t have a Westpac home loan? Explore flexible personal loan options for energy efficiency upgrades.
How to apply
What upgrades can this loan be used for?
Energy-efficient upgrades
- Solar panels
- Batteries
- Electric vehicle charging
- Hot water heat pumps
Climate-resilient upgrades
- Bushfire-resilient fencing, non-combustibles
- Storm and flood-resilient electricals, strengthened doors and windows
For the full list, visit our eligible upgrades page.
FAQs
You'll need the usual loan application docs (income, expenses, assets, liabilities), and a quote for one or more eligible upgrades from your supplier or installer for unconditional approval.
For full details, visit our eligible upgrades page.
Yes. You’ll be managing your Westpac home or investment loan, and your new Sustainable Upgrades home or investment loan.
You must have a Westpac home or investment loan (or be approved for one) over $150k to apply for a Sustainable Upgrades Home or Investment loan.
You’ve got options
- Got a home loan with another lender? See how much you could save by switching, and book an appointment with one of our home loan specialists.
- You may still be able to finance your upgrade with a Westpac Personal Loan for home energy upgrades.
Start by booking an appointment with one of our home loan specialists.
Yes, up to the value of your approved loan amount (up to $50k).
Keep exploring
Things you should know
Conditions, credit criteria, fees and charges apply. Residential lending is not available for Non-Australian Resident borrowers.
This information is general in nature and has been prepared without taking your personal objectives, circumstances and needs into account. You should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.
Any tax information described is general in nature and it is not tax advice or a guide to tax laws. We recommend you seek independent, professional tax advice applicable to your personal circumstances.
1Sustainable Upgrades home loan and Sustainable Upgrades investment loan comparison rate: The comparison rate is based on a loan of $30,000 over the term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
2Cogo: The Home Energy Efficiency Tool (the Tool) is offered by Cogo and not Westpac Banking Corporation (Westpac). The Home Energy Efficiency Tool is not exclusive to Westpac customers. Use of the Tool is not required to apply for a Sustainable Upgrades Home or Investment Loan.
By accessing Cogo's Tool, you will enter a third-party site not owned by Westpac. Any personal information you provide to Cogo's website will be collected, used and disclosed in accordance with Cogo's Privacy Policy, also available on their website.
Cogo is responsible for the accuracy and completeness of the information provided by the Tool. Westpac gives no representation, warranty, or guarantee (including as to the quality, accuracy or completeness) of the information. You can access Cogo’s disclaimer on their website.
Westpac has paid Cogo a fee for the provision of the Home Energy Efficiency Tool. Cogo is not a referral partner of Westpac for consumer credit, including in relation to the Sustainable Upgrades Home Loan (SUHL). Westpac does not and will not pay or receive any commissions to or from Cogo for customers who take up the SUHL. Cogo will not provide any credit assistance to Westpac customers.
You should carefully consider whether the information provided by Cogo is suitable for your situation. We recommend seeking independent professional assessments and obtaining quotes to ensure the upgrades are appropriate for your home and local climate before making any changes.
Origin: Westpac and Origin Energy have a referral arrangement. If you ask Origin Energy for a quote for energy upgrades, they send you to SolarQuotes. SolarQuotes is a subsidiary of Origin Energy. SolarQuotes is separate from Westpac. It gives you quotes from installers. Westpac is a credit provider that may provide financing for your energy upgrades.
What this means for you
SolarQuotes runs an online platform. Any details you enter into the SolarQuotes platform goes to Origin Energy and SolarQuotes, not Westpac. SolarQuotes and Origin Energy each have their own Privacy Policy. This can be accessed on their websites. This details how they manage your personal info.
You choose the installer you want. You must also check that the installer has a licence.
Important details
Westpac does not pay commissions to, or receive commissions from, Origin Energy or SolarQuotes.
Westpac is a credit provider. Westpac holds an Australian Financial Services Licence and an Australian Credit Licence (233714).
Origin Energy is an energy provider. Its subsidiary, SolarQuotes, helps customers find installers. These companies are not part of the Westpac Group.
Westpac does not promise anything about the quality or safety of installers found through them. We have not checked or approved these installers or their licences.
Their products and services are not exclusive to Westpac.