Green Loans
Green Loans Subsidy
About the subsidy
Many households who take up a Home Sustainability Assessment may be interested in taking out a loan to undertake the home improvements suggested in the assessment report.
To assist these households, the Australian Government has lowered the cost of finance by providing a loan subsidy to participating financial institutions.
This subsidy covers the interest on borrowing of up to $10,000 for a period of up to four years.
The household can choose which participating bank, credit union or building society they wish to apply for a loan with.
Participating financial institutions have agreed to national requirements for passing on the subsidy. This agreement includes safeguards to ensure that the full subsidy is passed on to the household through reduced cost finance.
Participating financial institutions
Green Loans Program Financial Partners are taking up the opportunity to play a key role in helping Australians save money in the long term by making the initial investment in energy and water efficiency accessible and affordable.
The following financial institutions have signed a Deed of Agreement with the Australian Government to develop Green Loans products.
This site will be updated as financial partners make their products available and as new financial partners join the program.
| Green Loans Program Financial Partners |
|---|
| The following insitutions are already offering a product* |
| ANZ - Australia and New Zealand Banking Group Limited |
| Australian Central Credit Union (available only to residents of South Australia, Western Australia and Northern Territory) |
| AWA Credit Union (available only to ALCOA Employees/Contractors and their families) |
| Berrima District Credit Union (available to residents of the shires of Wollondilly, Wingecarribee, Goulburn, Mulwaree and Yass Valley) |
| Community First Credit Union |
| Heritage Building Society |
| Hunter United Employees' Credit Union |
| Maleny and District Community Credit Union |
| MECU (available to members & non members Australia wide) |
| New England Credit Union |
| Nova Credit Union Ltd |
| Queensland Country Credit Union |
| Satisfac Direct Credit Union |
| Victoria Teachers Credit Union |
| Westpac Banking Corporation |
| The following institutions are developing a product |
| Old Gold Credit Union (available only to Cadbury Schweppes Employees and their families) |
* Unless otherwise noted, products are available Australia wide to both members and non-members. |
Frequently asked questions
Do I have to have the house assessment to get the loan?
Yes, only those recommended actions from the report will be covered by the loan.
Can the Green Loan be used in conjunction with other Government rebates?
Yes. Eligibility for the loan subsidy is not affected by other available subsidies and incentives for the same items or actions.
More FAQs
