
	Generation Green	Green Loans	Carbon Offsets	Sustainability Guide	Contact

Green Home Loans

Generation Green™ Home Loan

With a 0.50%pa reduction on the Bank’s current residential variable rate and no monthly service fee, a Generation Green™ Home Loan makes building or buying a ‘green’ home more affordable. In fact, you could save more than $51,000 over the life of your loan*.

And if that’s not reason enough to consider a ‘green’ home, remember you might also save on energy and water bills and further reduce your impact on the environment.

Generation Green™ Home Loans aren’t just for new homes. If you have an existing mortgage and want to take advantage of discounted interest rates, it’s often easier than you think to meet our environmental criteria.

*Assumes a loan amount of $150,000 with monthly repayments of $1,260.00. Compares a loan with an interest rate of 9.00%pa (comparison rate 9.14%) and an $8 monthly fee to a Generation Green™ Home Loan with an interest rate of 8.50%pa (comparison rate 8.56%) with no monthly fee. Approval subject to Bendigo Bank’s normal lending criteria. Terms and conditions and fees and charges apply.

Generation Green™ Home Loan features

Interest Rate	Variable
Calculated	Daily
Charged	Monthly
Term	Maximum 30 years
Payments	Weekly, Fortnightly or Monthly
Additional Payments	Yes
Redraw Facility	Yes
Fees	Application Fee - $150. Legal Fee - $275. Valuation Fee - from $205. Settlement Fee - $80. Redraw Fee - $25. Monthly Service Fee - Nil. Statutory fees and charges apply.
Additional Benefits	Discounted Bendigo Red Credit Card No in-branch cash withdrawal fees No EFTPOS fees No Bendigo ATM fees No phone or Internet banking fees

Interest Rates

Variable - No Monthly Fee
	Rate	5.40% pa
	Redraw	Yes
	Comparison Rate	5.45% pa*

All rates subject to change.

* Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments.

A Comparison Rate Schedule is available at any Bendigo Bank branch or by clicking here.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.

How it works

Bendigo Bank completed extensive research with the help of various industry bodies (see our links & resources page) to develop a home loan that makes building an energy and/or water efficient home more affordable.

How do you qualify?

Criteria 1

Your building or renovation must comply with the minimum environmental standard required in your state or territory.

Criteria 2

You must be installing a minimum of two items from Table A, or one item from Table B.

Table A - any 2 of the following will meet Criteria 2
Double Glazing	Reduces heat loss and noise transmission through windows.
Solar Hot Water Heater	Reduces your reliance on the power supply for the heating of water and can result in financial savings through reduced energy bills.
Water Storage Tanks (minimum 2,500 litre capacity)	Reduces your reliance on water storages, resulting in financial savings through reduced water bills.

Table B - any of the following will meet Criteria 2
Alternative Power Supply	Alternative power supplies reduce dependence on fossil fuels and allow households to generate their own power which results in financial savings through reduced energy bills.
Solar power (photovoltaic systems)	A minimum of a 1.5kw photovoltaic system is required to qualify for the loan.
Wind Turbine	A minimum of a 1.5kw wind turbine is required to qualify for the loan.
Micro Hydro System	A minimum of a 1.0kw micro hydro system is required to qualify for the loan.
Grey or Black Water Treatment System	A grey or black water treatment system reduces your reliance on water storage dams and can result in financial savings through reduced water bills. Your system must be connected to the laundry and all bathrooms in the dwelling to qualify for the loan. Please note that customers will be required to provide planning permits, plumbing compliance and installation certificates.

Please note that these systems need to be properly installed in appropriate conditions to receive optimum results.

All installed items must be above and beyond minimum state requirements. For example, to comply with the new criteria an applicant who is building a new home in Victoria would need to build a 5 Star rated home plus choose to install either a rainwater tank or solar hot water system, and in addition install other items from Table A or B above.

	Print-friendly Version
	Email this Page

For a cleaner environment buy Bendigo Carbon Offsets

Subscribe now to Generation Green™

Subscribe to Generation Green™ for the latest news and updates.

Watch the TV Commercial

Generation Green™, Home Loans – Bendigo Bank

Watch the Generation Green™ Home Loan television commercial.