Green Construction Loan
Get Australia's competitive rate construction loan discount when you go green.
Green Construction Loan
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Discounted 5yr green construction rate++ -
Interest only during construction
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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 Choose This Loan?
Discounted green construction rate++
Save yourself thousands in interest while saving the environment with the discounted green home loan rate.
Interest Only during construction
Pay interest only repayments during the construction period.
No monthly or ongoing fees
Enjoy no ongoing fees on your green construction loan.
No 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.
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Frequently asked questions
To qualify, we require a NatHERS certificate by an accredited assessor, showing a 7.5-star rating or higher. Your builder can assist you in getting a NatHERS certificate from accredited assessor with your building plans. If you're eligible, the variable discounted rate will apply to the first 5 years of your loan, and will revert to the standard variable applicable rate when your discount period expires. Please refer to our Terms & Conditions for eligibility requirements.
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.
The green construction 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 after the construction period. 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 isn't available on your construction loan but is after the construction loan ends.
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.