Sustainable Home Loan

We reward your commitment to the environment and sustainability with a low interest rate and full range of features.

Owner Occupier Variable Rate
3.97%p.a1
Owner Occupier Variable Comparison Rate
3.99%p.a2

Features & Benefits

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Great Interest Rate
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Incentives for sustainable housing
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Up to 8 100% offset accounts
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Dedicated Relationship Manager
 

At Regional Australia Bank we’re passionate about sustainability and our environment, so we’re always looking to encourage our members and community to get involved. Our Sustainable Home Loan provides a great incentive to members for investing in environmentally friendly and sustainable features for their new home, or for adding them to their existing home.

Our Sustainable Home Loan has all the features, like up to 8 100% offset accounts, along with unlimited advance payments and redraws. But the real incentive is a huge 1.25% discount off our standard variable interest rate!

In order to be eligible for the Sustainable Home Loan your home first needs to pass the current minimum environmental standards required by your relevant state or territory authority. Additionally, you need to provide evidence that your home has at least one feature from List A and at least two features from List B, as below1:

List A

List B

  • Grey Water Treatment System
  • Solar Power System (including PV)
  • Wind Turbine
  • Micro Hydro System
  • Double glazed windows (or better)
  • Solar Hot Water
  • Rain/Storm Water Tank
  • 5 star+ Gas or Electric Heating
  • External Awnings

Regional Australia Bank’s Sustainable Home Loan has it all:
great features, a great rate and great for the environment!

Product Details

Borrowers
Owner Occupier
Interest Rate Type
Variable
Repayment Frequencies
Weekly, Fortnightly or Monthly
Advance Payments
Yes
Redraw
Yes3
100% Offset Accounts
Up to 8 per loan account
Split Loans Allowed
Yes
Minimum Amount
$500
Maximum Term
30 years
Minimum Deposit
(without Lenders Mortgage Insurance)
20%
Minimum Deposit
(with Lenders Mortgage Insurance)
5%
Interest Only Payments Available
Yes, up to 5 years4
Discounted Interest Rate on "Your Choice" Credit Card
3.00% discount
Other Benefits
Annual Fee
None
Approval Fee
None
Documentation Fee
$250
Valuation Fee
At cost
Top Up Fee
$195
Restructure Fee
$200
Monthly Service Fee
None
Break Costs for Early Payout
None
Waived Access Fee on Transaction & Savings Accounts
Yes 5
Owner Occupier Variable Rate
3.97%p.a1
Owner Occupier Variable Comparison Rate
3.99%p.a2

Disclaimer

1 The Sustainable Home Loan is available where borrowers demonstrate by suitable evidence that their home meets the specified guidelines. Regional Australia Bank reserves the right to determine whether a home is eligible for the Sustainable Home Loan at their absolute discretion.

2 WARNING: This comparison rate is for a secured variable rate “Sustainable Home Loan” based on $300,000 over 30 years. It refers to the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate. Interest rates are on a per annum basis and are current as at 19/08/16 and are subject to change.

3 Minimum redraw amount is $500.

4 Regional Australia Bank reserves the right to determine eligibility for this service.

5 No monthly Access Fee where the minimum monthly membership balance exceeds $5,000.

Terms, conditions, fees, charges and normal lending criteria apply. See Fees & Charges for full details.
Please refer to the Product Details when considering if this product is right for you.
Community Mutual Ltd is the issuer of the product.