New “Green Loan” Released by CBA
(15 February 2021 – Australia) CBA has announced a Green Loan that will help its customers purchase renewable technology.
The new Green Loan will make it easier for CBA home loan customers to purchase and install renewable technology. The CBA Green Loan will start with a pilot this month with national rollout scheduled for Q2 2021. Customers eligible to participate in the pilot will receive an invitation directly from CBA to apply for the loan.
“As part of our commitment to the responsible global transition to net zero emissions by 2050, we’re supporting our customers access renewable energy through sustainable housing solutions” stated CBA Group Executive, Angus Sullivan.
“The CommBank Green Loan offers an historically low 0.99% p.a. secured fixed rate loan for eligible CommBank customers to fund up to $20,000 in renewables repaid over 10 years with no set up, monthly service or early repayment charges, adding to our already market leading home lending solutions” Mr Sullivan added.