Solar construction loan
Thinking of adding to reduce your energy bill? Our construction loan could help get you there faster.
Solar Construction Loan
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Discounted 5yr solar construction rate~ -
Interest only during construction period
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No monthly or ongoing fees
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Offset sub-account available after completion
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Unlimited additional repayments after completion
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Access your account via Smart Money app
Why our solar construction loan could be the most efficient loan for you
Discounted solar rate~
Get rewarded with a discount to your construction loan rate when you add solar to your home.
Interest only period
Pay interest only repayments on your solar loan during the construction period so you’ll save more.
Additional repayments
Once construction is complete you have the option to make additional repayments on your solar loan.
No ongoing fees
Enjoy no ongoing fees on your solar construction loan.
Need to know more? Here's the whole offer
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Frequently asked questions
To qualify, simply provide a copy of your solar installation invoice or your quote for your solar installation (with solar to be installed within 90 days of the settlement of your loan). The solar system must meet a minimum Kw size per our solar home loan calculator.
Yes, as long as you have a quote to install the solar panels and proceed with the installation within 90 days of settlement. The solar system must meet a minimum Kw size per our solar home loan calculator. We will require evidence of your new solar system size once installed to ensure you remain eligible for the solar home loan discount.
Many factors affect how much your household will save on power bills, including your regular energy consumption and the size of your solar system, your feed-in tariff, usage patterns and how much sunshine you get based on where you live. The cost of your solar system will also affect the period it will take for your system to pay for itself.
The solar home loan comes with a variable interest rate, which includes a variable discount applied for the first 5 years from the settlement date. You can switch to a fixed rate at any time during the discount period or after it ends. However, if you choose to switch to a fixed rate during the 5-year discount period, the discount and remaining discount term will no longer apply. If you're considering a switch or want to understand what’s best for your situation, please give us a call.
An offset sub-account is linked to your home loan and helps reduce the interest you pay. Instead of earning interest like a regular savings account, the balance in your offset reduces the portion of your loan that accrues interest. This can help you pay off your loan faster and save on interest costs.
Key things to know:
- It's a sub-account of your loan, not a separate deposit account.
- Funds in the offset sub-account are not covered by the government deposit guarantee.
- The offset cannot exceed your home loan balance.
If you have any questions, our friendly team is here to help!
Sarah
Lending Specialist
Real humans based in Brisbane, Australia
As an experienced lending specialist, Sarah and our team can answer all your questions to get you on track.
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