ANZ Good Energy Home Loan @ 1.00%P.A.
Top up your ANZ Home Loan at a fixed rate for 3 years, up to $80,000, to make your home more energy efficient and better for the environment.
This rate will only apply to the top up for the initial 3-year fixed term period. When this fixed rate period expires, you can choose to fix at one of our Special fixed interest rates (if you are eligible) or Standard fixed interest rates, or you can let your loan move onto the floating rate.
The ANZ Good Energy Home Loan is not available for business purposes or for new builds (until the new build lending is fully drawn).
How it works
If you have a home loan with ANZ, you can apply for our new ANZ Good Energy Home Loan top up to a maximum value of $80,000 to purchase any of the ANZ Good Energy Upgrades for your home below:
Energy efficiency upgrades include:
- Heat pumps
- Insulation
- Double glazing
- Ventilation
- Clean transport upgrades
- Hybrid and electric vehicles
- Electric vehicle chargers
- Renewable energy upgrades
- Solar panels
- Solar batteries
- Sustainable water upgrades
- Rainwater tanks
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Terms
You can apply for more than one ANZ Good Energy Home Loan, provided the total amount doesn’t exceed $80,000. This means you’ll be able to purchase a range of ANZ Good Energy Upgrades that suit your needs.
If you're new to ANZ you can apply for your ANZ home loan and ANZ Good Energy Home Loan top up together. Find out more about ANZ Home Loans.
As you pay off your ANZ Good Energy Home Loan, you may be able to replenish the amount of lending you can borrow under this offer. For example, if you borrowed $80,000 to purchase an electric vehicle and you’ve repaid $20,000, you can apply for another top up of up to $20,000 to purchase another ANZ Good Energy Upgrade. This is subject to a maximum of $500,000 being drawn down under ANZ Good Energy Home Loans over time.
If you’ve received a quote for an ANZ Good Energy Upgrade that is more than the maximum amount of $80,000, you can still apply – however our special ANZ Good Energy Home Loan top up interest rate will only apply to $80,000 of the loan and the remaining balance will be subject to our interest rates advertised at the time.
You’ll need to obtain any required consents from your local council to make sure your insurance cover is not affected.
We may also be able to help with funding a deposit for hybrid and electric vehicles where a deposit is required to ‘secure’ the purchase, provided you meet the eligibility criteria.
If you’re purchasing an electric vehicle, you may be eligible for the government’s Clean Car Discount Scheme. Whether you want to pocket your electric vehicle rebate, or deduct it from your loan, it’s your choice.
The maximum loan term is 30 years (however you should consider the life expectancy of the upgrade before applying).
Your interest rate and repayment amount will remain the same for the fixed period, which means you have less flexibility to make extra repayments. Find out more about ANZ Home Loans with a fixed rate.
During the fixed rate period, there are a couple of ways you can make extra repayments without being charged an Early Repayment Recovery: If it’s the first increase that year, you can increase your regular repayments towards your home loan by up to $250 a week. Plus, each year you can make an extra lump sum repayment that’s no more than 5% of your current loan amount.
The year runs from the date, or the anniversary of the date, that your fixed rate period started.
Be careful of adding debt with the difficult times coming.