Green home loan niche growing in land of 'glorified tents'
The arrival of the Commonwealth Bank into the green loan market looks set to shake up what has until now been a niche portion of the home finance landscape.
Discounted home loans for properties that meet exacting environmental standards have been offered by six smaller lenders for a year or two but the arrival of the Commonwealth Bank (CBA) into the green loan space looks set to shake up what was a niche market.
CBA became the first major bank in Australia to offer a green home loan, with rates starting from 1.99 per cent.
Of the seven lenders offering green mortgages, interest rates start as low a…