Green Loans
| The Green Loans Program is an Australian Government initiative to assist Australian households in reducing greenhouse gas emissions. The program provides simple advice and actions to save energy and water around the home as well as providing access to funding for larger scale installations of solar, water and energy efficiency products. |
BDCU is one of the few registered financial providers offering Green Loans through this program. BDCU is committed to a sustainable future. We encourage our members and friends to embark on sustainable projects at home.
Benefits of a Green Loan
• Loan term from 1 to 4 years
• $0 application fee
• No interest payable if loan repaid within the agreed term
• Up to $10,000
Eligibility for Green Loan
• Aged 18 or over
• An Australian citizen, permanent resident and/or an Australian registered charity
• The dwelling owner, a trustee or renter listed on lease
• Have a valid home sustainability assessment report
• Have an income below $250,000 p.a.
• Satisfy standard lending criteria.
Standard terms and conditions apply.
How to Apply
Step 1: Organise your free sustainability assessment by visiting www.environment.gov.au/greenloans or calling 1800 895 076.
Step 2: Once you have your home sustainability report, choose what, if any, actions you would like to take.
Step 3: Apply for your Green Loan with BDCU to fund the home sustainability actions to suit your needs and budget.
The Home Sustainability Report
In order to obtain an interest-free Green Loan, you need to first get a free of charge Home Sustainability Assessment. This involves an expert accredited assessor, under the Green Loans Program, to undertake a physical review of your home. The assessor will provide advice and a report in relation to things such as: water, energy, lighting, thermal comfort, refrigeration, cooking, entertainment, and waste management.
To apply for the Home Sustainability Assessment, call 1800 895 076.
The house/property being assessed must
- be in Australia or its territories
- have been completed and occupied for at least 12 months (not necessarily by the applicant)
The Green Loan must be used for
- Actions recommended in the home sustainability assessment report as provided by an accredited assessor
- The house/property listed on the report
To apply for a Green Loan
Contact us during business hours Monday to Friday. We can make an appointment for you with a Lender.
Alternatively, you can drop in to your nearest BDCU Advice Centre at Mittagong, Bowral, Moss Vale or Goulburn.
Remember to bring your Assessment Report with you.
More information about the Green Loans Program is available at www.environment.gov.au/greenloans these interest-free loans are subsidised by the Australian Government’s Green Loans Program.
The program also funds free home sustainability assessments—the first step in qualifying for a Green Loan. For details: www.environment.gov.au/greenloans Green Loans are subject to BDCU’s normal lending criteria. Terms and Conditions apply and are available upon application.
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