Important disclosure

loans.com.au Pty Ltd

Solar Home Loan

  • Owner Occupied
  • Variable
  • 10% min deposit
  • P&I
Interest Rate

5.99%

p.a

Comparison Rate*

6.51%

p.a

Real Time Rating™
Tags
  • Owner Occupied
  • Variable
  • 10% min deposit
  • P&I
Interest Rate

5.99%

p.a

Comparison Rate*

6.51%

p.a

ly Repayment

$0

based on $500,000 loan amount for 25 years at 6.73%

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Solar Home Loan

Find your ideal home loan from one of the 2 home loans from loans.com.au

Principal and Interest (P&I)

Loan typeLoan to value ratio
Interest rate
Comparison rate
Intro 60 months
Up to 90%

5.99% p.a.

6.51% p.a.

Product Info

Interest only

Loan typeLoan to value ratio
Interest rate
Comparison rate
Intro 60 months
Up to 80%

6.49% p.a.

6.67% p.a.

Product Info

loans.com.au Intro 60 months Rate Home loan overview

For Solar Home Loan (Principal & Interest) (LVR < 90%)

Details

Maximum LVR

90%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

15 - 30 years

Repayment type

Principal and Interest

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Repayment options

Fortnightly, Monthly, Weekly

Target Market Determination

Visit loans.com.au Pty Ltd to view Target Market Determination.

Features

Extra repayments

Unlimited

Redraw facility

Redraw fee: $0

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Offset account available - add 0.10% for a linked offset sub-account

Fees

Total estimated upfront fees

$530

Application fee

$0

Valuation fee

$230

Settlement fee

$300

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$300

RateCity says

“This home loan rewards energy conscious buyers, offering discounted rates on home loans that utilise solar power. No ongoing fees, offset and redraw facilities, extra repayments and the ability to split your loan are just some of the included benefits.”

Pros and cons

For Solar Home Loan (Principal & Interest) (LVR < 90%)

Benefits

  • No ongoing fees
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

Drawbacks

  • No offset account
  • Higher than average interest rate
  • Loan reverts to higher rate after introductory period
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

How to apply

If you'd like to apply for this product or just get more information, follow the application process on loans.com.au.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $50k to $1,500,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 90 percent, which means it requires a minimum deposit of 10 percent

What's the maximum length for this loan?

loans.com.au Pty Ltd allows you to have this loan for a range of 15 to 30 years.

How often can you make repayments?

loans.com.au Pty Ltd allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $530 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

loans.com.au Pty Ltd makes it possible to apply for this product online. Apply here.