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Personal loan for energy efficient purposes
Thinking of joining the renewable energy revolution in the hope of lowering your energy costs and carbon footprint? With an ANZ Personal Loan, you can install solar panels, batteries and heat pumps for the home, and a whole lot more. Read on to get the full story.
Make it happen with an ANZ Personal Loan
$250 cashback + $150 Loan Approval Fee Waiverdisclaimer
Whether it’s new wheels, a home reno or a dream holiday, an ANZ Personal Loan can help make it happen.
Eligibility, ANZ’s credit assessment criteria, T&Cs, fees and charges apply.disclaimer Full offer terms at ANZ Personal Loans.
Your loan, your way
Choose from a fixed or variable rate loan for a term of 1 to 7 years.
Borrow up to $50,000
Without having to provide an asset, such as your home, as security.
Renewable energy upgrades
Solar panels
Solar photovoltaic (PV) systems and all related project costs and installations for residential purposes only such as consulting, planning and consenting, site preparation, related charging infrastructure, connectivity to grid and labour.
Solar batteries
Lithium ion or lead-acid based solar batteries (including the cost of inverters and other necessary technologies).
When it comes to purchasing and installing solar panels and battery packs, it’s recommended that you use accredited suppliers.
Check out our Frequently Asked Questions for more information.
Water and energy upgrades
Heat pumps
A fixed single-split heat pump system or a ducted heat pump system for heating your home.
Insulation
Ceiling, underfloor and/or wall insulation
Glazing
Double, secondary or triple glazing.
Ventilation
Positive or balanced pressure ventilation systems, including heat recovery options.
Water heating systems
Heat pump water heaters or solar water heaters.
Rainwater tanks
Home water tanks and any related components such as leaf guards, filters, and connections to indoor plumbing systems.
Estimate your personalised interest rate
We tailor our interest rates based on our assessment of your credit score. The better your credit score, the better your interest rate.disclaimer This tool will also help you estimate your loan repayments with us.
Calculate how much you could borrow
Get an indication of how much you may be able to borrow based on your income and expenses. Please note this is an estimate only and your full borrowing amount will only be made available in your Letter of Offer.
Choose a personal loan that works for you
Want your loan repayments to stay the same even if interest rates change? An ANZ Fixed Rate Loan could be for you. Or perhaps you’d prefer to pay off your loan sooner with no exit fees? An ANZ Variable Rate Loan could be for you.
Check your eligibility
To be eligible for an ANZ Personal Loan you must:
- be at least 18 years old;
- earn a minimum of $15,000 per annum; and
- be an Australian citizen, permanent resident, or have a valid visa.
Read up on the eligibility criteria and documentation we’ll need for each type of loan.
Factor in your set up costs
While embracing a more energy efficient lifestyle is certainly the way forward, you need to factor in your set up costs and how long before you get a return on your investment.
For example, if it’s your forever home, then it may make sense to install solar panels and batteries, which could potentially lower your carbon footprint and save you money in the long term. But if you’re planning to move in the next few years, then it may pay to wait.
Apply for a personal loan
Here's what you need to apply:
- details of your income, expenses, assets and liabilities
- your driver's licence, ANZ Account Number or Customer Registration Number (if you have them)
If you're new to ANZ, you’ll need any two of your Australian driver's licence, Medicare card, Australian passport, or Australian visa.
ANZ Fixed Rate Loan
Borrow $5,000 to $50,000 over 1 to 7 years.
Interest rate from |
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Comparison rate from |
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Features
- Certainty your repayments won’t change even if rates increase as you’ve locked in a fixed interest rate
Things to consider
- Early repayment charges may apply if you make early or extra repayments, repay your loan early or increase your loan amountdisclaimer
- No access to extra money paid (redraw)
The interest rate range shows the minimum and maximum rate that may apply. Your interest rate will be confirmed in your Letter of Offer (if approved).
ANZ Variable Rate Loan
Borrow $5,000 to $50,000 over 1 to 7 years.
Interest rate from |
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Comparison rate from |
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Features
- Ability to make early or extra repayments, or repay your loan early, without additional costs
- Flexibility to increase your loan (subject to credit assessment)
- Access to extra money paid (redraw)disclaimer
Things to consider
- Your interest rate and repayments may increase or decrease during the term
The interest rate range shows the minimum and maximum rate that may apply. Your interest rate will be confirmed in your Letter of Offer (if approved).
Loan approval fee
$150
Loan administration charge
$10 per month, debited every three months until the loan is closed in ANZ systems.
Late payment fee
$20 will be charged if your repayment is 5 days late or more. A further $20 will be charged monthly until repayments are up to date.
Early repayment charges (fixed rate loans only)
You may incur an Early Repayment Cost, which may be significant, if you make early or additional payments. See Early Repayment Costs (PDF) and Consumer Lending Terms and Conditions booklet (PDF).
Bright idea! Don’t forget to insure your solar solutions
Remember to contact your insurer to add any energy efficient purchases to your home insurance policy.
Financing sustainability
We want to be the leading Australian and New Zealand-based bank in supporting customers' transition to net zero emissions by 2050.
To this end, we’ve set a target to fund and facilitate at least A$100 billion by the end of 2030 towards improving social and environmental outcomes for our customers.
This includes initiatives that help lower carbon emissions, protect nature and biodiversity, increase access to affordable housing and promote financial wellbeing.disclaimer
We joined the Net-Zero Banking Alliance in 2021. Our Climate Change Commitment provides the framework to achieve our strategy of transitioning our lending to net zero in line with the goals of the Paris Agreement.
General
ANZ Fixed Rate Personal Loan
Loan Approval Fee |
$150 |
Loan Administration Charge |
$10 per month, debited every three months until the loan is closed in ANZ systems. |
Early repayment charges |
Early Repayment Costs may apply if you make early or additional repayments, see Early Repayment Charges (PDF) and ANZ Consumer Lending Terms and Conditions booklet (PDF) for further information. |
Late Repayment Fee |
$20 will be charged if your repayment is five days late or more. A further $20 will be charged monthly until repayments are up to date |
ANZ Variable Rate Personal Loan
Energy efficient purchases
Applying for a personal loan
Any information provided is general in nature and does not take into account your personal needs, financial circumstances or objectives and you should consider whether it is appropriate for you. ANZ recommends you read the applicable Terms and Conditions booklets and the ANZ Financial Services Guide (PDF) before deciding whether to acquire, or continue to hold, a particular product.
All applications for credit are subject to ANZ’s credit assessment criteria. Terms and conditions are available on application. Fees and charges apply. Australian credit licence number 234527.
This offer is available for a limited time to customers who apply for a new or increase their existing ANZ Personal Loan between 16 October 2024 and 31 January 2025. This offer may be withdrawn or changed at any time without notice. The loan must be approved, and the funds drawn down to be eligible for the offer. The cashback payment will be paid within 120 days of drawdown into the transaction account which the loan funds are disbursed into. The transaction account must be in the same name as the loan account. For joint applications, only one cashback payment will be paid in total for the application and will be paid to the first listed applicant. For joint applications, the account for funds disbursements must include the name of the first listed applicant. Applications for a joint ANZ Personal Loan or an increase of a joint ANZ Personal Loan may only be made in branch. If a customer closes their ANZ Personal Loan account or transaction account before the cashback payment is paid, they will become ineligible for the cashback payment. Applications for credit are subject to ANZ’s eligibility and credit assessment criteria. If you have any questions about the tax treatment of the cashback offer, please discuss with a tax agent or the Australian Tax Office.
ReturnWe tailor your interest rate based on our assessment of your credit score. Where you have demonstrated good credit based behaviour, such as not opening too many credit products or making repayments on time for your other credit products, this will be reflected in your credit score and you may be offered a rate in the lower end of our range. Where your credit history isn’t as long, or as good, or you have made many applications in a short period of time, this may negatively impact your credit score and you may be offered a rate at the higher end of the range.
ReturnApplications must be submitted at an ANZ branch, and approved before noon Monday to Friday (AEST), and customers must have approved funds deposited into an existing ANZ everyday account. For a full list of eligible ANZ everyday accounts, please contact us on 1800 801 485 between 8am to 6pm (AEST) weekdays.
ReturnInterest rates as at and are subject to change. These interest rates may be withdrawn or changed at any time without notice and may not be available in conjunction with any other offers, packages, or promotions.
ReturnThese comparison rates are based on a $30,000 Personal Loan for a five year term. The rates are applicable for unsecured loans only.
WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.
Fixed rate personal loans aren’t for everyone and early repayment fees and charges, which may be significant, may apply if you make early or additional repayments or repay your loan early. Refer to Early Repayment Charges (PDF) and ANZ Consumer Lending Terms and Conditions booklet (PDF).
ReturnTerms and Conditions and eligibility criteria apply to ANZ Redraw. For further information on ANZ Redraw please refer to the ANZ Consumer Lending Terms and Conditions (PDF).
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