Help & support
Your home may be eligible for the Green Home Offer if it meets one of the two following options:
How is the Green Home Offer different to the CommBank Green Loan?
The Green Home Offer provides a discount on your Standard Variable Rate home loan for eligible customers who buy, build or renovate their homes to be more sustainable and energy efficient (see Eligibility).
The CommBank Green Loan is a low, secured fixed rate loan. The Green Loan is only available to purchase and install eligible clean energy products, such as solar panels, battery packs, solar/heat pump hot water systems, electric vehicle charging stations, switching from gas to electric cooking equipment, enabling components to support solar PV and batteries, smart/connected home products, energy efficient window treatments, switching from non LED to LED lighting and virtual power plants on your eligible property. The maximum borrowing for the Green Loan is $30,000.
Can I have the CommBank Green Loan and CommBank Green Home Offer at the same time?
Yes, depending on your eligibility, you can have a Green Loan and Standard Variable Rate loan with the Green Home Offer.
Can I top up my Green Home Offer loan?
No, you can’t top up your Green Home Offer Loan.
Can I switch and/or split my Green Home Offer loan?
Yes, you can switch and/or split your loan, subject to eligibility.
* To be eligible for Wealth Package (Mortgage Advantage Package), you must have a current, or be applying for an eligible home loan or line of credit with an initial package lending balance of at least $150,000 when you apply for Wealth Package. The package can be established in the name of one or two individual’s name/s, or in the name of a corporate entity. It cannot be established in the name of a business or family investment trust. Trust loans can however be linked to the trustee package (personal or company) where the trustee is an applicant (i.e. a borrower) on the loan.
^ Comparison rate calculated on a $150,000 secured loan over a 25-year term. WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates for variable Interest Only loans are based on an initial 5-year Interest Only period. Comparison rates for fixed Interest Only loans are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period, your Interest Only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
# 'Package lending balance' is the sum of the account balance of eligible home lending accounts and the credit limit of Viridian Line of Credit accounts that you have with us at the time you apply for Wealth Package. Eligible home loans are limited to those accounts that can be included in the Wealth Package. An annual fee and eligibility criteria apply to Wealth Package and terms and conditions are available on application.
1 Minimum $1,000 withdrawal with a $0 Redraw fee over the counter at any Commonwealth Bank branch and no minimum electronically with a $0 Redraw fee. Redraw is dependent on having the required amount available in special repayments (extra repayments).
2 You can choose to pay Principal and Interest weekly, fortnightly, or monthly. Only monthly payments are available for Interest Only. The maximum Interest Only payment period over the life of a loan is 10 years for Investment Home Loans and 5 years for Owner Occupied Home Loans, so long as there is at least 5 years remaining on the Contracted Loan Term. We have different rates that apply, depending on whether you are making Interest Only payments or Principal and Interest repayments. During an Interest Only period, your Interest Only payments won't reduce your loan balance unless you choose to make additional repayments. At the end of an Interest Only period, your repayments will increase to cover Principal and Interest components.
Eligibility conditions are subject to change. Applications are subject to credit approval, satisfactory security and minimum requirements. Full terms and conditions will be set out in our loan offer, if an offer is made. Fees and charges are payable. Interest rates are subject to change.
Commonwealth Bank of Australia ABN 48 123 123 124, Australian credit licence 234945.