We’re a sustainably-minded lot, us Kiwis.
And when it comes to our homes, making more energy efficient choices has a whole heap of perks beyond just the feel-good factor of doing better by the environment.
Depending on how you go about it, going greener can help keep you warm and cosy on these chilly winter nights, and save a few bucks along the way.
If you’ve been thinking about making a few tweaks and upgrades to get your household on that sustainability buzz, ANZ have just launched a brand spanking new loan product which could help you do it.
Introducing the ANZ Good Energy Home Loan.
What’s it all about?
The ANZ Good Energy Home Loan is a loan top-up, of up to $80,000, designed to be spent on making your home (and household) more energy efficient.
You can access the loan for all sorts of upgrades like installing heat pumps, insulation, ventilation, and double glazing, right through to solar panels, water tanks and buying a new hybrid car or EV.
(Yep – that’s right. You can even use it to get yourself into a new, greener ride).
The loan comes with a pretty sweet deal on interest rates, too. It’s available on a 1.00% fixed interest rate for an initial three-year period – after which time borrowers can choose to re-fix, or move to a floating rate.
Both new and existing ANZ home loan customers can access the loan – as long as they have, or transition their home loan to be with ANZ.
What you’ll need to supply:
Along with your application, you’ll need to provide some documentation, which differs depending on what you’re buying:
- For a vehicle – your purchase agreement from a registered motor vehicle dealer.
- For solar panels and batteries – your quote from a company that’s registered under the Sustainable Electricity Association of New Zealand.
- For everything else – your quote for the supply and installation of the upgrade, from a company that does the work you’re after as part of their normal business.
Other stuff you need to know
- You can apply for more than one ANZ Good Energy Home Loan, as long as they add up to $80,000 or less.
- If you borrow the maximum amount, you might be able to replenish your borrowing in time, once you’ve paid some of the loan off. The maximum that can be drawn down against the loan over time is $500,000.
- If your upgrade’s going to cost more than $80,000, you may still be able to borrow – but only the first $80,000 of the loan will be subject to special interest rates.
For more detail, check out the ANZ website.
Keen to go green? Get in touch with us, we can help make it happen!