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Ready to go green? Simply apply online or chat to a lending specialist and they can do the hard work for you. We make the process easy so you can settle, start the build and start saving money, and the environment, sooner.
What is a Green Construction Loan?
We’ve listened to our customers, and we understand it’s important to you to have the option to choose a loan which benefits the environment. Our Green Construction Loan is like our regular construction loan, but better for you and the environment.
In simple terms, you'll benefit from a discount on your construction loan if the home you build complies to a certain environmental standard based on the Nationwide House Energy Rating Scheme (NatHERS).
NatHERS is a star rating system (out of ten) that rates the energy efficiency of a home, based on its design. Star ratings are based on information about the home’s design, construction materials and the climate where it is being built.
To qualify for the discounted loan, we require a NatHERS certificate by an accredited assessor, showing a 7.0 star rating or higher. Your builder can assist you in getting a NatHERS certificate from accredited assessor with your building plans.

Green Construction Loan Rates
Green Construction Loan Rates
Green Construction++
Up to 90%
NA
6.13%
6.59% comp rate*
Green Construction Investor++
Up to 90%
NA
6.64%
7.10% comp rate*

Owner Occupier++
Interest Only
Variable rate p.a.
Comp rate p.a.*
Investor++
Interest Only
Variable rate p.a.
Comp rate p.a.*
Want to see more home loan options? Compare our home loans
Want to see more home loan options? Compare our home loans
Why choose the Green Construction Loan?

Discounted green
rate
Save yourself thousands in interest while saving the environment with the discounted green construction rate.

Interest Only during
construction
Pay interest only repayments during the construction period.

No monthly, annual or ongoing fees
We don’t charge any monthly, annual or ongoing fees, so you can save thousands and focus on what is important to you.
$0
Application fee
As an online lender, we save in overhead costs and pass those savings directly on to you. So, we don't charge you an application fee.
$0
Monthly fees
In addition to our great low rates, we don’t charge you any ongoing fees.
$0
Annual fees
We won’t even sting you with an annual fee!
The different phases of a construction loan
Before you apply you'll need:

Finalised purchase

A Licensed builder

Building plans

Building contracts

Builder’s insurance
Once your loan is approved the 6 construction stages are:

Deposit

Slab down

Frame up complete

Lock-up

Fixing

Practical completion
Once construction is about to finish, and before final payment, you’ll need:

A copy of your Occupancy Certificate

A copy of your home building insurance

Signed authorisation, so the builder can fix anything before the final payment is made.
Final payment
Once the final payment has been made we’ll convert your construction loan to a standard variable loan, which will include both a redraw facility and offset-sub account.
Frequently asked questions
An example of a NatHERS certificate may be useful when looking at what elements of your home require the Certificate Check. An example report is here.
- Two (2) most recent consecutive payslips for each applicant
- Three (3) months bank statements showing regular salary credits, including most recent salary credits with the name of the employer evident
- Evidence of Salary Sacrifice or Packaging (if applicable)
- Evidence of Company Vehicle/Car Allowance (if applicable)
- Six (6) consecutive months of home loan statements showing consistent repayment history (if applicable)
If you have income paid to more than one account you'll need statements for all those accounts. Alternatively, you could provide your most recent Tax Assessment Notice and a letter from your employer that confirms your salary.
If you're self-employed, the paperwork will be slightly different. When you refinance a loan, you'll need to provide evidence of your ability to make repayments, so your lender will request two years of business and personal tax returns and ATO assessments.
To avoid paying Lenders Mortgage Insurance (LMI), borrowers need a 20% deposit in most cases.
Once your loan application has been submitted, you will be given access to our online portal onTrack. In onTrack, we will collect some more information from you and you can track your application. When your loan settles, you will be given your referral code in onTrack.
You can refer as many people as you like!

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