Green Upgrade Loan

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ING Green Upgrade Loan and Home Energy Helper

3.74% p.a.

Fixed rate

5.16% p.a.

Comparison rate

With a competitive rate and no upfront fees, our Green Upgrade Loan could help make your home more energy efficient while keeping more money in your pocket.

ING Green Upgrade Loan

Get ready for the energy-efficient renovation loan

Features

Why apply for an ING Green Upgrade Loan?

  • Competitive fixed rate

    Enjoy a 5-year fixed rate of just 3.74% p.a. (comparison rate 5.16% p.a.) with principal and interest payments for owner-occupiers or 3.74% p.a. (comparison rate 5.24% p.a.) for investors.

  • No upfront fees on the Green Upgrade loan

    So more money stays in your pocket.
    Other fees and charges may apply.

  • Flexible loan size

    You could borrow between $5,000 and $50,000.

  • Flexible loan term

    Either pay it off early or let it automatically convert to a variable rate Mortgage Simplifier loan at the end of your Green Upgrade Loan 5-year fixed-rate period for the remaining term of your loan.

Find out more about our eligibility criteria

Create a more energy-efficient home

Customers with an eligible ING Home Loan may be eligible to increase their borrowing through a Green Upgrade Loan to upgrade their home with approved energy-efficient home upgrades like:

solar photovoltaic panels and inverter

hot water heat pump*

induction cooktop*

air conditioner (non-ducted single-split)*.

*Including the removal of gas connections and relevant gas appliances if required.

Supported by Australia’s Clean Energy Finance Corporation
The ING Green Upgrade Loan is supported by the Clean Energy Finance Corporation (CEFC), an Australian Government-owned green bank set up to help finance Australia’s clean energy transition to net zero emissions by 2050. The CEFC’s $1 billion Household Energy Upgrades Fund provides discounted finance to consumers through a range of co-financiers to help increase housing-sector sustainability.

Eligibility

Things to know before you apply

Eligibility

You may be eligible to apply to increase your existing ING Home Loan (Mortgage Simplifier, Orange Advantage or Fixed Rate Loan) with the Green Upgrade Loan provided:

Your existing ING Home Loan meets the conditions below:

it has a total balance of $150,000 or more at the time of application

the total loan-to-value ratio (LVR) of the existing ING Home Loan and the new Green Upgrade Loan is 80% or less once the Green Upgrade Loan is settled.

It is for the purpose of funding the purchase and installation of one or more home energy upgrades on the security property for the existing ING Home Loan. Home energy upgrades are those arranged through the Home Energy Helper platform.

The security property of your existing ING Home Loan is located in NSW, Victoria or the ACT and does not exceed $2,500,000 in value at the time of application.

You hold an active Orange Everyday account in the same name as your ING Home Loan at the start of the Green Upgrade Loan application.

How to apply

How to apply

1. Complete an online home energy assessment

Use the Home Energy Helper platform to get estimates of the potential costs and savings for eligible energy-efficient home upgrades and connect with installers in your area.

Home Energy Helper Platform

2. Apply by phone

Call our home loan specialists on 1800 467 415 to assess your eligibility and kick off your Green Upgrade Loan application. Once you provide us with a quote and we’ve conducted a preliminary credit assessment, we can proceed to conditional approval.

3. Share your final invoice with us

Once your chosen installer from the Home Energy Helper platform has completed the installation and given you a final invoice, we'll finalise the loan approval and deposit the loan funds into your Orange Everyday upon settlement.

Electrifying your home

Electrifying your home

If you’re thinking of making your home more energy efficient but don’t know where to start, we’re here to help in partnership with BOOM! Power.

Understand your home’s energy efficiency

Use the Home Energy Helper platform by BOOM! Power to help you estimate the energy efficiency of your home and understand what home upgrades you could make

Find trusted installers in your area

Select from a marketplace of accredited installers who have been carefully selected by BOOM! Power to complete your home upgrades.

Extend your ING Home Loan at a great rate

With an ING Green Upgrade Loan you could borrow between $5,000 to $50,000 to use towards approved upgrades, with a competitive 5-year fixed rate.

Apply for available government rebates

Help make the creation of an energy-efficient home even more affordable by applying for any government rebates available in your area for your upgrades.

Get the ball rolling today, call 1800 467 415

To discuss your Green Upgrade Loan, speak to our home loan specialists today on 1800 467 415, 8am - 8pm Monday to Friday, 9am - 5pm Saturday (AEST/AEDT).

FAQs

Got a question about Green Upgrade Loan?

Chances are, you'll find the answer in our FAQs.

Here are some of the more common questions we get asked:

What is the Green Upgrade Loan?

Could I have multiple Green Upgrade Loans?

Can I make additional repayments into my Green Upgrade Loan?

Can I continue upgrading my property with more eligible energy-efficient products and apply for a Green Upgrade Loan?

If I make extra repayments during the Green Upgrade Loan 5-year fixed-rate period can I access those funds?

Can I have a Green Upgrade Loan without having an existing ING Home Loan account?

Can I use an approved seller/accredited installer who is not included on the Home Energy Helper platform if applying for a Green Upgrade Loan?

What happens if there is a shortfall between the Green Upgrade Loan amount I have been conditionally approved for and the quote or invoice from my installer?

See all FAQs.
To get started speak to our home loan specialists on 1800 467 415, 8am-8pm Monday to Friday, 9am-5pm Sat (AEST/AEDT)