Help & support
Unsecured Variable loan rate
Usually 8.50% p.a. – 20.50% p.a.
Unsecured Variable loan - Comparison rate^
Unsecured Fixed loan rate
Usually 8.50% p.a. – 20.50% p.a.
Unsecured Fixed loan - Comparison rate^
Secured loan rate
Usually 6.99% p.a. - 13.49% p.a.
Secured loan - Comparison rate^
Get our lowest rate when you buy eligible clean energy products.
Borrow up to $50,000 with an unsecured loan and $100,000 for a secured loan for your clean energy needs, such as electric and hybrid cars or solar panels.
Know the rate you’ll receive upfront before applying.
To qualify for the green discount, you must use your personal loan to buy or install eligible products listed below. Keep in mind, to qualify for the green discount, only a Clean Energy Council (CEC) approved retailer and/or installer can install eligible solar panels, inverters (if applicable), as well as battery packs.
Fixed Rate Loan
Fees
Variable Rate Loan
Fees
Secured Personal Loan
Fees
Not sure if a personal loan is right for you? See other solutions for your next sustainable purchase
Use our comparison tool to see the estimated running costs, emissions and vehicle prices of an EV compared to a petrol, diesel or hybrid vehicle.
Check out our range of resources to help you live sustainably.
Yes, you'll need to use a Solar Retailer approved by the Clean Energy Council.
$100,000 is the maximum we’ll lend for a secured loan and $50,000 is the maximum we’ll lend for an unsecured loan (subject to credit assessment, loan type and purpose). If you need more, you’ll need to pay the difference from your own savings
Yes, if you have an existing Personal Loan and would like to apply for the green discount, you’ll need to apply for a new Personal Loan. Loan increase and refinance applications aren’t eligible for the green discount.
Yes, to help you decide which loan type might be most suitable, see our Go Green with a Personal Loan guide.
No, you can’t use a Personal Loan for clean energy purchases to recoup costs for products already installed. However, it's available for upgrading your existing eligible products or purchasing new products.
For example, if you have existing clean energy purchases and wish to upgrade them by adding more solar panels or a new battery pack, then you may be eligible for a CommBank Personal Loan.
It’s your responsibility to ensure that you’re satisfied with the quality of your eligible clean energy purchases. If you detect substandard workmanship or materials, or have any disputes with your retailer and/or installer, you should speak with them as soon as possible. Depending on the severity of the matter, you may also need to inform your solicitor.
We won’t become involved with a dispute
We take no responsibility for the quality and warranty of your eligible clean energy purchases. Any work must be completed by an approved retailer and/or installer, certified and trained to ensure systems meet industry best practice standards and all relevant Australian Standards (as approved by the Clean Energy Council).
When trying to decide on the right product, consider:
For details, see our Go Green with a Personal Loan guide.
You may be eligible for the Green Home Offer if your home meets the GBCA Green Home Standard, or has 7 stars or greater under the Nationwide House Energy Rating Scheme, or already has eligible small-scale renewables installed.
Enjoy a discount on a Standard Variable Rate for Owner Occupied or Investment Home Loans with either Principal & Interest repayments or Interest Only payments for eligible customers on a Wealth Package.
In addition to our standard loan application documents (evidence of income, expenses, assets and liabilities etc.), there are other specific documents you’ll need to provide to be eligible for a green discount:
We’ll check the documentation you provide us and apply the green discount to your loan once we’re satisfied you’ve met the above conditions. If we’re not satisfied, our standard pricing (without any discount) will apply should you wish to proceed with your loan.
^ Comparison rates are calculated based on an unsecured loan of $30,000 and a secured loan of $30,000, over a term of five years. WARNING: Comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
* System size noted on the invoice/quote must be equal to or greater than our requirements as set out under ‘Eligible clean energy products’.
This guide doesn’t consider your individual objectives, financial situation or needs. Before basing any decisions on this information, please consider:
1 Additional repayments made on a Fixed Rate Loan are not available to be redrawn. View the Personal Loan Terms and Conditions.
2 Comparison rates are calculated based on an unsecured loan of $30,000 and a secured loan of $30,000, over a term of five years. WARNING: Comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
The Commonwealth Bank is not authorised and does not make any assertions about reduced consumption from non-renewable energy sources through clean energy purchases installations. You should seek advice and further information from relevant certified industry professionals.
Loan applications are subject to credit approval and any loan offer includes full terms and conditions. Fees and charges apply. All examples and scenarios are illustrative only.
Information and interest rates are current as at 1 May 2024 and are subject to change.
For more information about Target Market Determination (TMD), please refer to the TMD.
Commonwealth Bank of Australia ABN 48 123 123 124, AFSL & Australian credit licence number 234945.
