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Green Construction Loan - Owner Occupied

2.08% discount variable p.a.*
2.39% comparison rate p.a.*

Estimated Repayment# $1,307.71 / month

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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.


Talk to a lending specialist

Book a call with one of our experienced lending specialists and they can complete your application for you.


Ready to apply?

Call 13 10 90 or select “Apply Now” to begin your Green Construction Loan application.

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

Product Name


Principal & Interest Rate p.a.

Interest Only Rate p.a.

Green Construction++

Up to 90%


2.58% comp rate*

Green Construction Investor++

Up to 90%


3.09% comp rate*


Up to 90%

Interest Only Rate

2.58% comp rate*


Up to 90%

Interest Only Rate

3.09% comp rate*

Want to see more home loan options? Compare our home loans

Why choose the Green Construction Loan?


Discounted green

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


Interest Only during

Ensure your interest rate doesn’t change during 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.


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.


Monthly fees

In addition to our great low rates, we don’t charge you any ongoing fees.


Annual fees

We won’t even sting you with an annual fee!

Our Green Construction Loan Process makes borrowing to build simple. Go from application to settlement in a few steps. Here's how.


Apply online


Arrange your NatHERS certificate


Goodbye paperwork!




Fund construction in 6 separate stages

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:

1 phase-icons


2 phase-icons

Slab down

3 phase-icons

Frame up complete

4 phase-icons


5 phase-icons


6 phase-icons

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 dream home loan construction to a dream home loan offset variable.

Home loan repayment calculator

Use our home loan calculator to estimate what your monthly mortgage repayments could be. Whether you're refinancing or just wanting to understand how much you can afford, all you have to do is enter how the amount you would like to borrow, interest rate, home loan term, payment frequency, and repayment type (either principal & interest or interest-only).

Estimated savings from repayments graph

Your estimated repayments are


Calculator assumptions

Frequently asked questions

To qualify, 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.
The Nationwide House Energy Rating Scheme (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.

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.
The rates are discounted on your variable rate loan for 5 years from settlement date (up to 1.79%***). You can choose from Principal & Interest or up to 5 years of interest-only repayments.
Yes, there may be situations in which you could lost the discount as stated in the terms and conditions in the loan, if there are any material changes to the original loan. This includes but is not limited to change in security, occupancy type, and repayments type.
Yes, the Green Construction Loan can be for extensive green renovations, pending the home meets the NatHERS requirements then we can apply the green construction discount.
There are a few documents you’ll need to provide in your home loan application. Some of these include:

  • 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 are an employee, you'll need to supply a couple of recent consecutive payslips to confirm your income and employment. You will also need to provide up to three months’ worth of bank statements showing your salary paid by your employer and other income. An internet transaction history will generally do.

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. requires a minimum deposit of 10% of the purchase price of the property, or the current value of the property if you are refinancing.

To avoid paying Lenders Mortgage Insurance (LMI), borrowers need a 20% deposit in most cases.
You can see if you prequalify for your home loan using this link: Once you have completed this, we can generally get preliminary approval to you within 48 hours.
The settlement process is different depending on each individual applicant’s personal situation, but we generally say it can take anywhere between 4 to 6 weeks. To get to settlement, you'll need to apply, speak to one of our lending specialists, upload your documentation, get the property valued, have your loan approved and the documentation delivered and signed, then you'll settle.
We charge a $300 settlement fee plus a valuation fee. The valuation fee for a standard property in a metropolitan area in a major city starts at $220 for properties valued up to $1 million. The valuation fee is not refundable and is payable when the valuation is ordered.
After settlement, you’ll nominate on your direct debit form when you start repayments. Our Customer Care team will also confirm your repayment dates when calling you at loan settlement. Additional repayments into a fixed home loan are allowed and are up to $10,000 per year.
We sure do! Introduce someone to and we'll give you a $450 bonus when they settle their loan with us! They will also get $150 off their settlement fee.

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!

At, we help people into their dream homes and cars.

For the last 10 years, thousands of Aussies have trusted our experienced & locally based team with some of their biggest financial decisions - buying a home, a new car or refinancing to save on interest.

Our customers trust us to support them with low home loan and car loan rates, approved quickly through our easy-to-use online app. is completely safe and financially backed by Firstmac, Australia’s 12th largest lender. Firstmac has been operating successfully for more than 40 years, and has $15 billion in mortgages under management, as Australia’s leading non-bank lender.

We are also actively involved in our local community with our Women, Children & Community Program designed to support Australian charities on their mission to raise awareness for important causes.

Read our story

Read some of our real good feedback.

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April 28, 2022

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April 25, 2022

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April 22, 2022

Questions? We can help


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Talk to a home loan expert

Our friendly and experienced lending specialists can answer any questions you have on the Green Construction Loan or any of our loans.