Commonwealth Bank has announced a new CommBank Green Loan, which will make it easier for CommBank home loan customers to purchase and install renewable technology. By partnering with customers, CommBank is helping to contribute to a sustainable future.
The bank’s Group Executive Angus Sullivan said: “As part of our commitment to the responsible global transition to net zero emissions by 2050, we’re supporting our customers access renewable energy through sustainable housing solutions.
“The CommBank Green Loan offers an historically low 0.99% p.a. secured fixed rate loan for eligible CommBank customers to fund up to $20,000 in renewables repaid over 10 years with no set up, monthly service or early repayment charges, adding to our already market leading home lending solutions.”
“For most customers, they will see their energy bill drop by over $500 per year if they switch to solar which will offset total repayments of the loan in the long-term. As Australia’s largest lender, we want to help as many customers as possible make their homes more sustainable.”