Green Upgrade Loan

ING Green Upgrade Loan

3.74% p.a.

Fixed rate

5.12% 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 5.12% p.a.) with principal and interest payments for owner-occupiers or 3.74% p.a. (comparison rate 5.21% 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.

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

battery

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 is available on Home Energy Helper and has a value of $2,500,000 or less 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 energy assessment

Visit Home Energy Helper and input your details. It'll work out what you could save by making eligible upgrades, including 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

When you have a quote from an installer on the Home Energy Helper platform simply 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 your final quote and we've conducted a preliminary credit assessment, we can proceed to conditional approval.

3. Complete your home upgrades

Once your chosen installer from the Home Energy Helper platform has completed the installation they will share the final invoice with us. We'll finalise the loan approval and deposit the loan funds into your Orange Everyday upon settlement, you can then pay the invoice with the installer directly.

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 collaboration with BOOM! Power.

How to improve your home’s energy efficiency

Use the Home Energy Helper platform to understand what eligible upgrades you could make, your potential home energy bill savings and view initial estimated quotes from accredited installers.

Find trusted installers in your area

Request quotes 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