Presenting CommBank Green Financing
An ultra-low, protected repaired rates loan without place charge, month-to-month mortgage services fee or early payment cost.
Subscribers with an eligible CommBank mortgage or expense mortgage can use the CommBank Green mortgage to get and put in qualified clean strength products such as for example solar energy panels, power bags and solar power heated water techniques within property guaranteed by her present home loan.
Qualified thoroughly clean electricity items
You can utilize a CommBank Green mortgage purchase and put in a number of in the qualified thoroughly clean power products down the page.
Keep in mind, solar panel systems (and inverters) and power supply packages ought to be put in by a store and/or installer approved by the tidy electricity Council. It will help ensure the plumped for programs satisfy all related Australian guidelines.
Suggestion: It’s important to do some research and spending some time finding the right solar store and/or installer for your project. Become several quotes and compare them before choosing the right choice for your needs. Browse approved solar power merchants in your area.
You can find out a lot more about eligible merchandise within the FAQs.
To find out more, download the CommBank Green Loan guidelines (PDF) .
Check out your own nearest branch
All of our home credit authorities can be located at above 950 branches across Australia.
Call the connection supervisor
What exactly is an Approved Solar Retailer and how can I see them?
Approved Solar stores are approved by the Clean strength Council as showing her dedication to responsible business and promotion recreation and solar power sector best application.
Exactly what should I manage if my personal certified Retailer/Installer needs an initial deposit?
If a deposit is up front, you’ll need certainly to shell out this from your discount.
We’ll repay (wages) the deposit quantity to your nominated immediate Debit account for the CommBank Green financing if we have the best invoice.
Just what must I communicate with my personal Approved sun merchant or Installer regarding repayment terms and conditions?
We’re dedicated to paying the total outstanding quantity directly to your own Approved sun Retailer within 14 days of obtaining a verified charge from you (the client).
Am I going to must pay my personal certified sun Installer upon completion of functions to be able to state the minor technologies certificate (STC) discount?
No. The STC rebate can be said within year of installation. For any concerns concerning consumer demands and STC rebates, kindly visit the wash electricity Regulator web site.
Create i have to verify the brand of solar power getting setup by my certified Solar Retailer or Installer?
As a Clean Fuel Council certified sun merchant or Installer, obtained devoted to conduct their businesses activities in an accountable means and in accordance with solar power sector best practise. Including making use of approved solar modules and participating companies.
For any issues or problems relating to your certified Solar store or Installer, please visit the CEC web site. When you have any problems relating to your customers liberties, please go to the ACCC internet site for more information or even lodge a complaint.
Are we eligible for a CommBank Green mortgage if the quote from my installer was lower than $5,000?
No, minimal amount borrowed is actually $5,000. Get in touch with your Home financing Specialist to go over your options.
Am I able to obtain over $20,000 to install qualified small-scale renewables to my home with a CommBank Green Loan?
No, $20,000 is the greatest amount borrowed. When the price of the eligible minor renewables setup is over $20,000, you should spend the difference from your own economy before we could making a payment to your installer.
Anytime, like, the sum of the expense to suit your venture is actually $25,000 therefore’ve already been accepted for your maximum loan amount of $20,000, you’ll have to pay the real difference of $5,000 from your benefit.
Is it possible to convey more than one CommBank Green Loan?
Yes, if you have numerous homes and mortgages with our team, then you can be eligible to apply for one or more CommBank Green mortgage.
May I make an application for a CommBank Green mortgage basically curently have a preexisting qualified small-scale renewable(s) set up?
If you want to change your present small-scale renewables (adding a battery power or higher solar power panels, as an example), you might be entitled to a CommBank Green mortgage.
Does the minimum outstanding stability of $150,000 (on my existing CommBank mortgage) consist of redraw?
No. the mortgage balance that individuals utilize for qualifications could be the exceptional balances you notice in NetBank and/or CommBank software.
Precisely what do I want to offer?
Besides your loan software papers (proof your revenue, spending, assets and debts), there are some other records you’ll need to offer.
Items you instant same day installment loans online Maryland ought to know
^ Comparison rates determined on a $30,000 secured financing over a 5-year phrase. WARNING: review rate is true just for the instances given and might maybe not consist of all charge and costs. Various words, charges and other loan quantities might bring about another type of assessment price.
This data has-been offered without looking at your individual goals, finances or wants. Prior to making any conclusion, you should think of the appropriateness towards circumstances and consider acquiring professional advice.
Applications become susceptible to credit score rating acceptance, satisfactory safety and lowest demands. Complete terms and conditions will be set out within our mortgage present, if a deal is created. Fees and expenses are payable. Interest levels become subject to transform.