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Regional Australia Bank Sustainable Home loan

This product is no longer available.

The Sustainable Home Loan is a discounted rate loan available to owner-occupiers who tick one or more of Regional Australia Bank’s list of environmentally-friendly criteria. Eligibility features include a grey water treatment system, solar hot water, solar power system or external awnings.

In return, Regional Australia Bank gives borrowers a sizeable interest rate discount and a number of features, including multiple 100 per cent offset accounts, repayment holidays, additional repayments and a redraw facility.

Borrowers can also make interest-only payments for up to five years.

The loan is available for terms up to 30 years and requires a deposit of 20 per cent of the property value without lenders’ mortgage insurance, or as low as 5 per cent with lenders’ mortgage insurance.

Who is the Regional Australia Bank Sustainable Loan good for?

The Sustainable Loan may suit borrowers who are committed to sustainable housing and want to be rewarded for their commitment with a rate discount.

It is not suitable for investors or borrowers who do not meet the lender’s environmentally-friendly property criteria.

Review - What RateCity says

For borrowers looking for a green loan, this option ticks most of the boxes. It has a low, discounted rate and an impressive list of features to improve flexibility, including repayment holidays and split rate options. It also allows early repayments.

The list of eligible borrowers may be limited by Regional Australia Bank’s sustainable property criteria.

Regional Australia Bank Sustainable Home loan Options

Product
Advertised rate
Comparison rate*
Monthly repayment
Go To Site
Details

Variable Rates from

3.97%

Advertised rate

4.00%

Comparison rate
Pros
  • Low interest rate.
  • Packed with features.
  • No ongoing fees.
Cons
  • Not available to investors.
  • Top up fee.
  • Restructure fee.
Eligibility

Must meet environmental criteria. 

Must meet lender’s serviceability criteria.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
Fees
  • Estimated upfront fees: $400
  • Discharge fees: $150
  • Ongoing fees: $0

The loan has moderate upfront fees, but no ongoing fees. Top up fees and restructure fees may apply, but there are no break costs for early payout.

Features
  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Regional Australia Bank

Regional Australia Bank is a customer-owned lender which primarily serves members in regional NSW. It began as the New England Staff Credit Union in 1969 and has since undergone several mergers. In 2016, it changed its name to Regional Australia Bank to encompass the many regional areas it now looks after.

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