Australian Government Green Loans Program
- maximum loan $10,000
- maximum term of 4 years
- members pay no interest
The following information has been sourced from the Department of Environment, Water, Heritage and the Arts Green Loans website at www.environment.gov.au/greenloans
About the Green Loans Program
The Australian Government’s Green Loans Program is providing free home sustainability assessments and interest-free Green Loans for recommended improvements.
The free home sustainability assessments (valued at over $250) recommend tailored energy and water savings options. These may range from simple actions like switching to energy efficient lights and replacing shower heads, through to larger scale changes such as installing water or energy saving products like rainwater tanks or solar panels.
For more details, visit http://www.environment.gov.au/greenloans/
how do I know if I am eligible?
The following are just some of the criteria to determine eligibility. For full details, visit Green Loans Program guidelines
- The applicant must be aged 18 or over
- Applicant must be an Australian citizen, permanent resident and/or an Australian registered charity
- The dwelling owner, a trustee or renter listed on lease
- Have an income below $250,000
- The house or property must be in Australia or its territories and be a primary place of residence
- The house of property must have been completed and occupied for at least 12 months (not necessarily by the applicant)
how do I apply?
Applying is easy. First, obtain a free home sustainability assessment by calling the Government Green Loan Hotline on 1800 895 076. Once an assessment has been done a report will be sent out to you with recommendations for saving water and energy at your place. This report is the first step to qualifying for an interest free Green Loan of up to $10,000
Only one Green Loan can be provided per assessment report but the loan can support many individual actions. For further information, visit the Government Green Loan website
mecu are proud to announce that we have signed a deed of agreement with the Australian Government to develop Green Loan products.
0.00% rate
As the Government subsidises the interest to mecu, the rate is 0.00% to those that are eligible.
