CommBank’s Green Home Offer

  • 2.49 % PA
    Standard Variable Rate~
  • 2.95 % PA
    Comparison Rate^
  • (Owner Occupied with Principal & Interest repayments, Loan to Value Ratio of 80% or less and Wealth Package)*

    A low Standard Variable Rate with Green Home Offer

    Enjoy a discount on our Standard Variable Rate for Owner Occupied or Investment Home Loans with either Principal & Interest repayments or Interest Only payments for eligible customers on a Wealth Package.*

    The offer rate shown is for Owner Occupied borrowings with Principal & Interest repayments, a Loan to Value Ratio (LVR) of 80% or less and on a Wealth Package.* The Green Home Offer may vary from time to time and is determined by CommBank based on campaign offers at time of loan contract. Speak to your lender or mortgage broker about offer rates on other eligible loan types (including Investor Home Loans, Interest Only payments and LVR greater than 80%). Comparison rate warning

Features & benefits

In partnership with industry leaders

  • We’ve partnered with the Green Building Council of Australia to help Australians build more sustainable and resilient homes.

Green Building Council of Australia

The Green Building Council of Australia (GBCA) is Australia’s authority on sustainable buildings and communities. Their mission is to accelerate the transformation of Australia’s built environment into one that is healthy, liveable, productive, resilient and sustainable.

GBCA’s Green Star Homes standard is an independently assessed sustainability standard that seeks to create homes that are healthy, resilient, efficient and powered by renewables. 

Green Building Council Australia logo

Are you eligible?

Your home may be eligible for the Green Home Offer if it meets one of the two following options:

Option 1 - Your home meets the Green Building Council of Australia’s (GBCA) Green Star Home standard:
Option 2 - Your home meets all the following criteria:
Criteria
  • Nationwide House Energy Rating Scheme (NatHERS) = 7 stars or greater
  • Heat pump hot water system
  • Home electrified, no gas
  • Solar PV equivalent to the below:
    Home size | PV system size (kWe peak)
    · Up to 150sqm: 5.5 kWe
    · 150-250sqm: 7.5 kWe
    · 250-350sqm: 10 kWe 
What you’ll need to provide before formal approval
  • GBCA 'By Design' certificate
    Available through a GCBA-certified volume home builder
  • Statutory declaration
  • Accredited NatHERS Design Rating Certificate (if available)
  • Statutory declaration
What you’ll need to provide before funding approval
  • GBCA 'As Built’ certificate
CommBank will organise this for you from GBCA when required. Otherwise it is available through your volume home builder.

  • Accredited NatHERS 7 Star Certificate
  • Solar PV invoice installed by CEC accredited installer
  • Heat pump hot water invoice per approved product list attached
CommBank will organise this for you from GBCA when required. Otherwise it is available through your accredited home efficiency consultants, builders or approved installers per the above.

How to apply

    1. Contact your Home Lending Specialist or mortgage broker to understand your Green Home Offer eligibility and requirements
    2. When your loan application is at approval, provide the required documentation as available
    3. When your loan is at funding approval, provide the documentation required

Get in touch

Visit your nearest branch

Our Home Lending Specialists can be found at more than 950 branches across Australia.

Get in touch with your Relationship Manager

Find their details now

Contact us

Fast-track your call, see expected wait times and connect with a specialist in the CommBank app.

Sustainability hub

Check out our range of resources to help you on your journey towards a more sustainable life.

Visit sustainability hub

FAQs

  • 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 an ultra-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 and hot water systems, on your eligible property. The maximum borrowing for the Green Loan is $20,000.

  • 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.

Things you should know

  • * 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.