Worried about rising interest rates, record energy prices and worsening climate change? This loan product might help.
Worried about rising interest rates, record energy prices and worsening climate change? A new banking trend might help – green home loans.
About 23 per cent of Australia’s emissions are from buildings, with half of that from residential homes. Since launch, the bank has written 320 loans under the scheme, worth $137 million by the end of May 2022. “These products offer savings starting from around $6000, depending on the rate you’re comparing it to,” he says. “My main advice would be not to take the rates quoted on a bank’s website verbatim. Your best bet is to obtain quotes from at least two different banks and play them against each other.”
“I know the energy rating of my fridge, but I don’t know the energy rating of my house – the most valuable asset in my life,” she says.