CommBank Green mortgage. Get in on the raising number of Australians using solar power and making their homes high efficiency.

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CommBank Green mortgage. Get in on the raising number of Australians using solar power and making their homes high efficiency.

Exposing CommBank Green Loan

An ultra-low, secured set rate mortgage without organization cost, monthly loan solution fee or early payment cost.

Customers with a qualified CommBank mortgage loan or investment mortgage may use the CommBank Green mortgage purchasing and install eligible clean power merchandise such as for instance solar panel systems, battery pack bags and solar power heated water systems in the house secured by their own existing mortgage.

At a glance

Eligible clean energy goods

You can utilize a CommBank Green mortgage to buy and put in more than one of this eligible thoroughly clean power services and products the following.

Keep in mind, solar energy panels (and inverters) and battery packages ought to be setup by a retailer and/or installer authorized by the Clean Energy Council. This can help make sure the opted for methods fulfill all appropriate Australian standards.

Idea: It’s vital that you perform some research and spending some time finding the right solar power store and/or installer to suit your venture. Become numerous estimates and examine them before selecting the correct one individually. Examine approved solar merchants towards you.

You can find out more and more eligible services and products inside the FAQs.

For more information, download the CommBank Green Loan guide (PDF) .

How-to implement

Head to their closest department

The room lending experts can be obtained at more than 950 limbs across Australia.

Call your own Relationship management

What is a certified sun Retailer and how am I able to find them?

Approved Solar stores were authorized by the tidy stamina Council as demonstrating their particular dedication to accountable purchases and marketing tasks and solar power field best application.

What should I do if my personal certified Retailer/Installer calls for an initial deposit?

If in initial deposit is required up front, you’ll need to spend this from your own discount.

We’ll compensate (cover) the deposit levels in the nominated Direct Debit make up your own CommBank Green mortgage if we have the best invoice.

Exactly what ought I correspond with my Approved Solar Retailer or Installer with regards to repayment terms?

We’re devoted to make payment on full exceptional levels right to your own certified sun store within fourteen days of receiving a validated invoice from you (the customer).

Am I going to must pay my personal certified Solar Installer upon achievement of works to state the minor technology certificate (STC) discount?

No. The STC discount may be advertised within year of setting up. For just about any questions relating to client requirements and STC rebates, please go to the Clean stamina Regulator websites.

Do I need to confirm the company of solar panel are installed by my Approved Solar Retailer or Installer?

As on a clean stamina Council certified sun merchant or Installer, they will have focused on perform their unique business tasks in a responsible way as well as in accordance with solar business best practise. This can include the employment of authorized solar power segments and participating companies.

Regarding problems or complaints with regards to your Approved sun merchant or Installer, please go to the CEC site. For those who have any concerns relating to your consumer rights, please go to the ACCC web site for additional information or perhaps to lodge a complaint.

In the morning we entitled to a CommBank Green financing in the event that estimate from my installer are significantly less than $5,000?

No, minimal amount borrowed try $5,000. Make contact with your property Lending professional to talk about your choices.

Could I borrow more than $20,000 to install qualified minor renewables to my personal property with a CommBank Green Loan?

No, $20,000 may be the greatest amount borrowed. When the price of the qualified minor renewables setup is over $20,000, you must pay the difference from your cost savings before we are able to generate a payment into the installer.

So if, for instance, the sum total expense for your job try $25,000 and also you’ve become recommended for all the optimal loan amount of $20,000, you’ll need certainly to shell out the real difference of $5,000 from your own discount.

Is it possible to have more than one CommBank Green mortgage?

Yes, if you have numerous land and mortgage loans with our team, then you can qualify to apply for more than one CommBank Green mortgage.

Could I submit an application for a CommBank Green Loan if I currently have an existing qualified small-scale renewable(s) installed?

If you want to upgrade your existing minor renewables (by adding a battery power or even more solar panels, for example), you are eligible for a CommBank Green financing.

Really does minimal outstanding balance of $150,000 (on my established CommBank mortgage loan) feature redraw?

No. the borrowed funds balances we make use of for eligibility could be the outstanding balance you notice in NetBank or even the CommBank application.

What do i have to create?

As well as your loan application documents (proof of your revenue, expenses, property and debts), there are other online installment loans NM documents you’ll must provide.

Stuff you should know

^ Comparison rates determined on a $30,000 guaranteed financing over a 5-year phrase. ALERTING: review price holds true limited to the instances given that will maybe not integrate all fees and costs. Various terms and conditions, charge or other loan quantities might lead to another type of comparison rate.

This info has become given without looking at your own personal objectives, finances or goals. Before making any conclusion, you should think about its appropriateness towards situations and consider acquiring professional advice.

Programs include subject to credit score rating acceptance, satisfactory security and minimal requisite. Full stipulations is going to be set out in our loan provide, if a deal is manufactured. Fees and expense is payable. Rates tend to be at the mercy of changes.

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