Introducing CommBank Green Financing
An ultra-low, secured repaired rates loan with no organization charge, month-to-month loan service cost or very early payment charge.
Users with an eligible CommBank mortgage or investments home loan may use the CommBank Green financing buying and install qualified clean energy items such solar energy panels, electric battery bags and solar power hot water methods within land protected by their own current home loan.
Eligible thoroughly clean stamina merchandise
You can make use of a CommBank Green financing purchasing and download several regarding the qualified thoroughly clean strength services and products here.
Consider, solar power systems (and inverters) and power supply packs must certanly be set up by a store and/or installer authorized by the Clean Fuel Council. It will help make sure the preferred programs fulfill all relevant Australian guidelines.
Idea: It’s important to perform a little research and spending some time choosing the best solar power merchant and/or installer for your job. Become multiple rates and examine them before selecting the correct one for your needs. Take a look at approved solar power stores in your area.
You will discover more info on qualified items from inside the FAQs.
For more information, download the CommBank Green Loan guide (PDF) .
Simple tips to pertain
Visit the closest branch
All of our home credit Specialists can be found at significantly more than 950 branches across Australian Continent.
Call your own union Manager
What is an Approved sun store and how am I able to see them?
Approved Solar merchants have now been authorized by the wash Fuel Council as showing their dedication to responsible deals and advertising and marketing strategies and solar field best exercise.
What do I need to manage if my certified Retailer/Installer calls for an upfront deposit?
If in initial deposit is required beforehand, installment loans ME you’ll have to shell out this from your own cost savings.
We’ll compensate (wages) the deposit amount into the nominated drive Debit make up your CommBank Green financing even as we receive the final invoice.
Just what must I correspond with my Approved sun merchant or Installer with regards to installment words?
We’re invested in paying the full exceptional quantity right to their certified sun Retailer within fortnight of getting a confirmed invoice from you (the client).
Can I need certainly to shell out my certified Solar Installer upon completion of performs in order to claim the small-scale development certificate (STC) rebate?
No. The STC rebate can be claimed within year of installation. Regarding issues relating to client specifications and STC rebates, kindly visit the Clean power Regulator internet site.
Do i have to verify the company of solar power are put in by my personal certified Solar merchant or Installer?
As on a clean strength Council Approved sun merchant or Installer, they’ve dedicated to make their company strategies in an accountable fashion plus accordance with solar power markets best practice. For example the effective use of approved solar power segments and participating manufacturer.
For just about any problems or issues with regards to your Approved sun store or Installer, please visit the CEC internet site. For those who have any questions relating to your customer liberties, please go to the ACCC websites for additional information or to lodge a complaint.
Am I eligible for a CommBank Green financing if quotation from my installer is around $5,000?
No, the minimum loan amount was $5,000. Call your property credit professional to go over your alternatives.
Is it possible to obtain significantly more than $20,000 to set up qualified minor renewables to my property with a CommBank Green financing?
No, $20,000 could be the optimum amount borrowed. When the price of the qualified minor renewables put in is over $20,000, you need to spend the difference from your own cost savings before we can making a payment to your installer.
So if, including, the total cost for the job try $25,000 while’ve been recommended the optimal loan amount of $20,000, you’ll want to shell out the real difference of $5,000 from your own economy.
Am I able to do have more than one CommBank Green financing?
Yes, when you have multiple characteristics and home loans with us, then you can qualify to try to get one or more CommBank Green mortgage.
Is it possible to submit an application for a CommBank Green Loan basically have an existing suitable small-scale renewable(s) put in?
If you want to upgrade your current minor renewables (adding a battery power or more solar power panels, like), you may well be qualified to receive a CommBank Green Loan.
Really does the minimum outstanding stability of $150,000 (back at my present CommBank home loan) incorporate redraw?
No. The loan stability that people utilize for qualification will be the outstanding balance you see in NetBank or even the CommBank application.
Precisely what do I want to create?
And the loan application paperwork (evidence of your income, spending, property and obligations), there are other documents you’ll should offer.
Issues should know about
^ Comparison price determined on a $30,000 protected financing over a 5-year phrase. ALERTING: Comparison rates holds true only for the instances considering and may also perhaps not put all fees and charges. Various terminology, charge or any other mortgage amounts might end in a special assessment price.
These details is provided without considering your own personal objectives, financial predicament or requires. Before generally making any behavior, you should consider its appropriateness your situation and think about acquiring qualified advice.
Solutions include subject to credit approval, satisfactory security and minimal requisite. Full conditions and terms might be put down in our loan give, if an offer is manufactured. Fees and expenses include payable. Rates of interest become subject to changes.