Today, Suncorp Bank announced its new Solar Home Bonus for customers reducing their environmental footprint and transitioning to renewable energy in their home.
New and existing Suncorp Bank home loan customers who have a solar power system or will have one installed in their homes by 31 December 2021, may be eligible to receive a cash bonus.
The Suncorp Solar Home Bonus offer includes:
- $3,000 cashback for customers signing up to a new eligible Suncorp Bank home loan.
- Cashback for loans of both houses and townhouses which have an eligible solar system installed.
- $500 cashback for eligible existing customers who already have a solar power system installed.
Suncorp Bank CEO Clive van Horen said that they know sustainability is increasingly important to their customers.
"We are committed to providing banking solutions for customers that support sustainability and our Solar Home Bonus is a practical step towards a more sustainable world," Mr van Horen said.
Homeloans.com.au launches new Green Loan
Online home loan provider homeloans.com.au has launched a new Green Loan to help customers upgrade their homes with energy-efficient improvements.
With an introductory rate of 0.89% pa (comparison rate 1.73% pa*) and loan amounts of up to $25,000, customers can purchase and install energy-efficient products such as solar panels, electrical energy storage, battery packs and eligible home appliances.
Scott McWilliam, CEO of homeloans.com.au, said it was a timely opportunity for homeowners to take control of spiraling electricity costs and invest in clean energy solutions.
"With much of Australia spending more time at home in the past 12 months than ever before, many households may be feeling the burn of electricity bill shock," Mr McWilliam said.
"Switching to clean energy products can help customers save money on their utility bills, and in doing so, they can also reduce their carbon emissions to benefit the environment.
"We know that some of these systems can require a significant investment up-front, which can limit adoption notwithstanding the clear benefits."
Also read:
Green loans gaining momentum
Green loans and cashback offers have taken off this year, as many lenders have incentivised sustainable choices in Aussie homes.
In February, CBA announced its green loan and last week Gateway introduced a $2,000 cashback offer for green home loans.
Green personal loans have also gained momentum, with lenders like Community First offering a personal loan under 4%.
Neobank lifts mortgage rate
86 400 increased its 'Own Home Loan' fixed for three years paying principal & interest for owner occupiers with a maximum LVR of 80%.
The home loan was increased by 10 basis points to 1.95% p.a. (2.50% p.a. comparison rate*)
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Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.
| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | Max LVR | Lump Sum Repayment | Additional Repayments | Split Loan Option | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6.04% p.a. | 6.08% p.a. | $3,011 | Principal & Interest | Variable | $0 | $530 | 90% | 4.6 Star Customer Ratings |
| Promoted | Disclosure | |||||||||
5.99% p.a. | 5.90% p.a. | $2,995 | Principal & Interest | Variable | $0 | $0 | 80% | Apply in minutes |
| Promoted | Disclosure | |||||||||
6.09% p.a. | 6.11% p.a. | $3,027 | Principal & Interest | Variable | $0 | $250 | 60% |
| Promoted | Disclosure |
Image by Aaron Burden via Unsplash
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