Sustainable Upgrades Home Loan
Home LoansData Sharing Status
The Sustainable Upgrades home and investment loan products are basic variable rate loans designed for borrowers with an eligible Westpac home or investment loan who are looking for a low variable rate loan to fund energy efficiency and/or climate resilience upgrades for their residential property.
- From (owner occupied)
- 4.49%
- 4.49% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 4.49% | 4.49% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Monthly Account Fee Charged monthly | Ongoing | $0.00 |
| Lending Establishment Fee | Upfront | $0.00 |
| Bank Cheque Issuance Fee $10 per cheque (1st cheque is free) | Event | $10.00 |
| Loan Account Fee Charged monthly | Ongoing | $0.00 |
| Missed Payment Fee | Late payment | $15.00 |
| Document Processing Fee | Event | $0.00 |
| Account Overdrawn Fee | Event | $15.00 |
| Loan Discharge Fee | Exit | $350.00 |
Features
- Access a 2nd loan: An extra home loan or investment loan secured against your property, with no package or offset available. Borrow up to $50k.
- Home improvements: Help take control of your energy consumption with upgrades like solar panels and batteries. Plus, you could make bushfire, storm, and flood resilient upgrades.
- Cool rate, no monthly fees: You won't pay any loan establishment or monthly account fees.
- Flexible repayments: Pay it off as fast as you like with unlimited extra repayments (redraw unavailable).
- The product provides options which includes repayment holiday and a progressive drawdown features.
- Loan Payment Method: Direct Debit (preferred), Direct Credit, Branch Payment, Internet or Phone Banking
- Repayment frequencies includes weekly, fortnightly or monthly
Eligibility
- You must have or be approved for a Westpac home or investment loan with a minimum loan size of $150k
- Minimum age — 18 years18+ years old
- The property securing your Westpac home or investment loan must be the property being upgraded for energy-efficiency or climate-resilience
- Lenders mortgage insurance must not be applicable at time of applying.
- Individuals, Discretionary or Family Trusts (Individual trustees only)
- You've chosen from our list of eligible energy-efficient or climate-resilient upgrades and funds spent on these upgrades only.
Constraints
- Minimum limit — $4,000.00The minimum amount financed is $4000
- Maximum limit — $50,000.00The maximum amount financed is $50,000
- Maximum repayment term 10 years
- Loan Maximum - Interest only period 9 months
- $4k to $50k loan amount on Principal & Interest repayments
More Information
Published by Westpac under the Consumer Data Right · Last updated 13 July 2026 · Product ID HLSustainableUpgradesOwnersOccupied · View on CDR.gov.au