Go green at home
RACQ Bank’s new Green Home Loan makes it easier for homeowners to buy and install clean energy products.
More than 817,000 Queensland homes have embraced clean energy by installing rooftop solar panels* and now it’s easier than ever for RACQ members to reduce their electricity bills through rooftop solar systems.
RACQ Bank’s Danica Allan said RACQ could help members access the environmental and financial benefits of clean energy through an RACQ Bank Green Home Loan.
“Our members have told us that renewable energy is important to them, so we’ve introduced a Green Home Loan to help RACQ Bank mortgage holders purchase and install clean energy devices in their homes,” Ms Allan said.
“The Green Home Loan can be used to purchase solar panels, battery packs, solar or heat pump hot water systems and electric vehicle charging stations and have a much lower interest rate compared to personal loans and home loans products.”
Ms Allan said the Green Home Loan could only be used to purchase products from accredited Clean Energy Council retailers and installers.
“By ensuring retailers and installers are accredited we’re helping to ensure members pay a fair price for a quality product,” she said.
Ms Allan said members interested in clean energy for their home should contact RACQ Bank.
“Whether you’re an existing home loan member, a new home buyer or plan to refinance your mortgage with RACQ Bank, we can help you to take advantage of the benefits of clean energy at home,” Ms Allan said.
How RACQ Bank Green Home Loans work
- Talk to an RACQ Bank mobile lender to confirm you are eligible for a green loan.
- Source quotes for clean energy products from an approved retailer.
- Share the quote with RACQ Bank and we’ll let you know if the loan is approved so your retailer or installer can proceed.
- We’ll deposit the approved funds into your RACQ Bank account so you can pay the invoice and enjoy your clean energy.
Find out more about our Green Home Loan today. Our friendly mobile lenders can meet with you face-to-face or virtually at a time that works for you.
*Source: Clean Energy Council
Banking and loan products are issued by Members Banking Group Limited ABN 83 087 651 054 AFSL and Australian credit licence 241195 trading as RACQ Bank. The information in this article has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in the document is general advice and does not take into account any person's particular investment objectives, financial situation or needs. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives, financial situations and needs.
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The information in this article has been prepared for general information purposes only and is not intended as legal advice or specific advice to any particular person. Any advice contained in the document is general advice, not intended as legal advice or professional advice and does not take into account any person’s particular circumstances. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives and needs.
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Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.
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