Green home loans offer Kiwis finance to make eco-friendly or energy-efficient upgrades to their homes.
With the arrival of green home loans at most major banks you may be able to access an interest-free or reduced-interest lump sum to cover the installation cost of your double glazing.
Banks offering green home loans for double-glazing
| Bank | Maximum loan | Set-up fee | Interest rate | Term |
|---|---|---|---|---|
| Westpac | $50,000 | $0 | 0% | 5 years |
| ANZ | $80,000 | $0 | 1% | 3 years |
| BNZ | $80,000 | $100 – $150 | 1% | 3 years |
| ASB | $80,000 | $99 (may apply) | 1% | 3 years |
| Kiwibank | Loan not available for double-glazing | |||
Get in touch with your bank to ask how they can help.
The green home loan small print
- To be eligible banks need you to already be a home loan customer.
- Some banks need you to have at least a minimum amount of equity in your home (usually 20%).
- An increased interest rate usually applies outside of the agreed term of the loan.
- Some banks have an early repayment penalty while others offer flexibility to repay lump sums to suit you.
- Most banks need to see a quote for your double glazing before they will approve your finance.