Help & support
At CommBank, we’re committed to building a brighter future for all. As the largest retail bank in the country, we have a responsibility to meet the current needs of our customers and the community, while operating sustainably for future generations. We’re helping accelerate Australia’s transition and have a range of products and resources to help you on your sustainability journey.
You can achieve energy savings by installing solar panels, battery storage, and electrifying your home. We work with our selected providers to help make your transition an easy one.
For more information, including definitions and calculations, see our 2024 Climate Report.
Home energy efficiency upgrades can unlock savings on your energy bills and assist with emissions reductions.1 There are a range of upgrades you can make to your home for all types of budgets.
Electric vehicles (EVs) are likely to generate fewer emissions overall2, be less noisy and more affordable to run long term compared with other comparable modes of transport. With more car makers entering the Australia market, it’s never been easier to buy an EV.
OFFER
Receive up to $1,500 cashback with Brighte
CommBank Yello Homeowner customers receive $1,500 cashback (or $750 for all other customers) when they apply and fund a CommBank home energy loan for purchases through one of Brighte’s vendors.**
Benefits:
Wattle Powr is committed to transparent pricing, fair deals and reliable service – helping Australians make the switch to clean energy with confidence. Wattle Powr have helped over 5,000 customers save on their energy bills through high-performance solar and battery solutions.
Benefits:
Get a discounted rate of 3.99% p.a. and no establishment or loan service fees
CommBank Home Loan customers looking to make an eligible energy-efficient purchase can enjoy:
Upgrading your home to be more energy-efficient can have significant benefits. By replacing gas appliances with more efficient electric alternatives and improving your home's thermal efficiency with glazed windows and adequate insulation, you can maintain a stable temperature more easily and reduce the energy needed for heating and cooling. Additionally, pairing these upgrades with solar panels and a home battery may further enhance energy savings and lower your bills.
By upgrading your home with solar panels, a home battery, energy-efficient electric appliances, and thermal efficiency improvements, you can reduce your reliance on electricity from the grid and lower your energy bills. To find out more about these upgrades, you can visit the Home Energy Upgrades page.
This information has been provided without considering your individual objectives, financial situation or needs. Before making any decisions, you should consider its appropriateness to your circumstances and consider obtaining professional advice.
The Commonwealth Bank is not authorised and does not make any assertions about reduced consumption from non-renewable energy sources through energy-efficient purchases and installations. Advice and further information should be sought from relevant certified industry professionals.
Offers
~~ Customers with an eligible CommBank home loan or investment loan (excluding the Viridian Line of Credit limits and the Equity Unlock for Seniors loan), who take out an Unsecured Fixed Rate Loan for eligible energy-efficient purchases (excluding EV and plug-in hybrid cars) will receive an interest rate of 3.99% p.a. (comparison rate 3.99% p.a.), save $250 on the establishment fee, save $15 a month on the loan service fee and have their Early Repayment Adjustment fee waived (comparison rate calculations are inclusive of this offer).
**Offer only available on CommBank Unsecured Fixed and Variable Personal Loans. To qualify, you must apply and fund a CommBank home energy loan for the purchase of a home energy upgrade package through one of Brighte’s vendors and have a linked transaction account for repayments.
Ongoing eligibility conditions apply, see commbank.com.au/commbankyello for more information and the full terms and conditions.
We reserve the right to close or vary this offer at any time.
#For the EV Access Program (EVAP) essential workers are individuals employed as teachers/instructors, medical/veterinarians, government officials and care workers.
##You must be buying an electric or plug-in hybrid vehicle emitting less than 75g of CO2 per kilometre with a total loan amount of less than or equal to $55,000.
1See article by Climate Council: SHOOT FOR THE STARS: TOP TIPS TO IMPROVE YOUR HOME’S ENERGY EFFICIENCY published 26 November 2021.
2See Ask MIT Climate Portal: ‘Are electric vehicles definitely better for the climate than gas-powered cars?’ “Other modes of transport" include comparable vehicles, across their gasoline, hybrid, plug-in hybrid, battery electric, and hydrogen fuel cell configurations.
Unsecured Personal Loan
‘Home energy loans’ refers to Unsecured Fixed and Variable Rate Personal Loans with an energy-efficient discount.
Unsecured Fixed Rate Personal Loan interest rate ranges (with energy-efficient discount applied) are set out below. Comparison rates and examples are based on a $30,000 unsecured fixed rate loan over 5 years:
Unsecured Variable Rate Personal Loan interest rate ranges (with energy-efficient discount applied) are set out below. Comparison rates and examples are based on a $30,000 unsecured variable rate loan over 5 years:
Interest rates at the lower end of our range, for example 7.00%/7.50% p.a. (comparison rate 8.05%/8.54% p.a.), may be offered to low risk customers with an excellent credit history.
Comparison rates are calculated based on an unsecured loan of $30,000, over a term of five years. WARNING: Comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Additional repayments made on a fixed rate and secured personal loan are not available to be redrawn. An early repayment adjustment is charged if loan is fully repaid with 12 or more months remaining on loan term, and we reasonably estimate we will incur a loss or administrative cost. View the Personal Loan Terms and Conditions.
An excellent credit history is determined by, among other things, paying your bills and making loan repayments on or ahead of time, being disciplined with your credit applications, and not overextending yourself financially.
Actions which can negatively impact your credit history include missing bill or loan repayments, defaulting on your credit facility, or making a large number of credit applications in a short period of time. You can find out more about how your credit score is calculated and tips for improving your credit score at our Credit Score Information Hub.
Loan applications are subject to credit approval and any loan offer includes full terms and conditions. Fees and charges apply. All examples and scenarios are illustrative only.
For more information about Target Market Determination (TMD), please refer to the TMD.
Brighte
'Brighte’ is Brighte Capital Pty Limited (ABN 74 609 165 906). Brighte hosts and manages the Brighte Marketplace. Brighte selects the vendors that may be presented on the platform and facilitates the interactions with vendors on the platform, including listing the products, quoting and installations services provided by the vendors.
CommBank receives a fee from Brighte in connection with finance provided by CommBank for a home energy package purchased via Brighte’s Marketplace.
Commonwealth Bank of Australia ABN 48 123 123 124, Australian credit licence 234945.
