ING Business Green Upgrade Loan

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ING Business Green Upgrade Loan

Finance energy efficiency upgrades for your commercial property 

At ING, we’re helping commercial property customers make eligible upgrades that could improve the energy efficiency of their buildings. Our Business Green Upgrade Loan is a separate loan facility for eligible customers who already have an ING Commercial Property Finance (CPF) facility. 

Features
Eligibility

Who is it for, and what can it be used for?

The Business Green Upgrade Loan is designed for customers with an existing ING CPF loan, who want to improve their energy efficiency of the secured property.

The loan supports a range of eligible energy efficiency measures, including:

Solar panels and batteries

Solar hot water and hot water heat pumps

Building monitoring systems

To qualify, upgrades must lead to either:

A measurable improvement in NABERS Energy rating, or

A verified reduction in total energy consumption.

Loan details

Business Green Upgrade Loan details at a glance

Feature
Details
  • Type of loan
    Top up of an existing CPF loan
  • Minimum loan amount
    $250,000
  • Maximum term
    5 years
  • Interest rate
    30 bps discount on yourING business facility rate
  • Repayments
    Interest-only
  • Application fee
    $1000
  • Discharge fee
    $250

Documents and FAQs

Please take the time to read to ensure Business Green Upgrade Loan is right for you

Business Green Upgrade Loan Fact Sheet

Important information

How it works

How it works

Speak to your Relationship Manager

There’s no online application – we’ll guide you through ING's application process. 

Submit your upgrade plan

Provide quotes for proposed eligible energy measures and either a valid NABERS Energy rating for the secured property or energy use data to check eligibility. More information available in the fact sheet.  

Loan drawdown

Provide invoices for each energy efficiency upgrade undertaken (ING will pay the supplier directly). If needed, evidence can be supplemented with physical site inspections or photographic evidence provided by an ING approved third party contractor, or the borrower.  

Track your impact

Prior to the end of the loan submit evidence of an improved NABERS Energy rating or reduction in total energy consumption to maintain your loan discount. More information available in the fact sheet.

What happens if targets aren’t met?

If the agreed energy improvements aren’t achieved, the loan will convert to a standard commercial loan for the remainder of the term. No penalties apply – but the discounted rate will no longer be available.