A loan to help make your home more sustainable
Thinking about making your home more sustainable?
A simple 2nd loan
An extra home loan or investment loan secured against your property, with no package or offset available. Borrow up to $50k.
Home improvements
Make bushfire, storm, and flood resilient upgrades. And you could manage your energy consumption, with upgrades like insulation and solar.
Cool rate, no monthly fees
You won't pay any loan establishment or monthly account fees.
Flexible repayments
Pay it off as fast as you like with unlimited extra repayments (redraw unavailable).
Cool rate
4.49% p.a.
Variable interest rate
4.87% p.a.
Comparison rate1
$4k to $50k loan amount on Principal & Interest repayments. 10-year maximum loan term. One Sustainable Upgrades home or investment loan per property.
Backed by the Clean Energy Finance Corporation
We’re working with Australia’s ‘green bank’, the Clean Energy Finance Corporation (CEFC), which invests to help Australia’s transition to net zero emissions. Included in our rate is support from the CEFC through their Household Energy Upgrades Fund.
Do I qualify?
What you need to be eligible
- You must have or be approved for a Westpac home or investment loan with a minimum loan size of $150k
- The property securing your Westpac home or investment loan must be the property being upgraded for energy-efficiency or climate-resilience
- Lenders mortgage insurance must not be applicable at time of applying.
- You've chosen from our list of eligible energy-efficient or climate-resilient upgrades and funds spent on these upgrades only.
Let’s get you started
Choose your upgrades
Check out our list of over 20 eligible energy-efficient or climate-resilient upgrades.
Get your quotes
Do your own research and get quotes for your chosen upgrades.
Get the green light
To apply, speak with a lender from 26 August. You’ll need your quotes for unconditional approval.
Submit your invoice
After loan approval and upgrade installation, share your invoices so we can pay each supplier or installer.
What upgrades can this loan be used for?
Climate-resilient upgrades
Bushfire-resilient fencing, non-combustibles
Storm and flood-resilient electricals, strengthened doors and windows
Energy-efficient upgrades
Electric vehicle charging
Solar panels & batteries
Double-glazed windows
Energy efficient aircons
Solar hot water systems
Hot water heat pumps
Induction cooktops
For the full list, visit our eligible upgrades page.
FAQs
What do I need to provide to apply?
You'll need the usual loan application docs (income, expenses, assets, liabilities), and a quote for one or more eligible upgrades from your supplier or installer for unconditional approval.
For full details, visit our eligible upgrades page.
Will I have two separate loans?
Yes. You’ll be managing your Westpac home or investment loan, and your new Sustainable Upgrades home or investment loan.
Can I get multiple upgrades under one loan?
Yes, up to the value of your approved loan amount (up to $50k).
Keep exploring
Things you should know
Conditions, credit criteria, fees and charges apply. Residential lending is not available for Non-Australian Resident borrowers.
This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information and if necessary, seek appropriate professional advice. This includes any tax consequences arising from any promotions for investors and customers should seek independent, professional tax advice on any taxation matters before making a decision based on this information.
1Sustainable Upgrades home loan and Sustainable Upgrades investment loan comparison rate: The comparison rate is based on a loan of $30,000 over the term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.