How Bank Lending Can Help You Create A Healthy Home in Hamilton

Are you a homeowner with a home loan? If you’re looking to upgrade your home with heat pump, ventilation, or ducted systems to ensure a warmer and healthier living environment, there’s good news. Several banks offer special lending options with minimum interest rates to help you make these energy-efficient improvements. Here’s a rundown of what ANZ, ASB, Kiwibank, and Westpac have to offer:

ANZ

ANZ offers a Good Energy Home Loan at a fixed interest rate of 1.00% p.a. for three years for up to $80,000. This loan can be used for:

• Heat pumps (single-split, multi-split, or ducted systems)
• Insulation (ceiling, underfloor, wall)
• Double or secondary glazing
• Ventilation systems (positive or balanced pressure, heat recovery options)

Additionally, if you’re buying or building a new home with a 6 Homestar rating or higher, you can get up to 1% off your home loan interest rate (Green Homes New Zealand).

ASB

ASB offers a Better Homes Top Up loan with an interest rate of 1.00% fixed for three years, up to $80,000. Eligible improvements include:

• Heat pumps, wood burners, wood pellet burners
• Insulation (underfloor, ceiling, wall, double glazing)
• Ventilation systems, extractor fans, rangehoods
• Solar panels and related equipment

This loan can also be used to purchase electric or hybrid vehicles and chargers (Green Homes New Zealand) (EECA).

Kiwibank

While Kiwibank doesn’t have a specific green lending rate, they offer a contribution towards energy-efficient upgrades. Borrow more than $5,000, and Kiwibank will contribute up to $2,000 over four years towards the cost of your system. They also waive the home loan top-up fee for existing home loan customers (Green Homes New Zealand).

Westpac

Westpac’s Greater Choices Loan offers up to $50,000 interest-free for five years for energy-efficient home upgrades, including:

• Heat pumps, insulation, double glazing
• Ventilation systems, wood burners, solar power systems and batteries
• Hybrid and electric vehicles, EV chargers

This initiative aims to help homeowners create a more energy-efficient and comfortable home environment (Green Homes New Zealand).