Green Loans for Energy Efficient Upgrade

New Zealand Green Home Loans: What Are They?

Banks in New Zealand are providing green home loans in wake of rising energy prices and growing environmental consciousness among New Zealanders. These are top-up home loans or mortgage packages with lowered interest rates intended to promote environmentally friendly vehicles, improvements and residences.

This loan product, named differently by different banks, is designed to incentivize you choosing energy-efficient cars or dwellings upgrade on reduced interest rates.

Who is providing green loans?

Green lending solutions are now available from a number of New Zealand banks. Talk to us for a thorough explanation.

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Obvious advantages include-

Significant savings with lower interest rates on the top-up amount
Energy-efficient improvements could potentially increase the value of your home
Saving on your electricity cost
Saving on your vehicle fuel cost
Lesser carbon footprint

Noting however that, to be eligible, you will require available equity in your property and normal lending and servicing criteria will apply – like any mortgage product, the details are crucial. Examine the fine print, compare carefully, and think about consulting a mortgage adviser who is knowledgeable about this financing option.

Need assistance? Or have a question? Please contact Kiwi Mortgages, and we are happy to help you.