Westpac
Sustainable Upgrades Investment Loan
Looking to make energy?efficient or climate?resilient upgrades? Our Sustainable Upgrades home or investment loan is an additional loan secured against your property, with a cool rate to help you get started.
Home loansBank updated 21 Aug 2026
At a glance
- Variable (investor P&I)
- 4.49%
- Features
- extra repayments
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Investment · P&I | — | — | 4.49% | 4.49% | — |
§ 02 — Fees · 8
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Account Overdrawn Fee | Event | $15 | — | — |
| Bank Cheque Issuance Fee | Event | $10 | — | $10 per cheque (1st cheque is free) |
| Document Processing Fee | Event | No fee | — | — |
| Loan Discharge Fee | Exit | $350 | — | — |
| Missed Payment Fee | Late payment | $15 | — | — |
| Loan Account Fee | Periodic | No fee | Every 1 mo | — |
| Monthly Account Fee | Periodic | No fee | Every 1 mo | — |
| Lending Establishment Fee | Upfront | No fee | — | — |
§ 03 — Features
Extra repayments
- · Access a 2nd loan: An extra home loan or investment loan secured against your property, with no package or offset available. Borrow up to $50k.
- · Home improvements: Help take control of your energy consumption with upgrades like solar panels and batteries. Plus, you could make bushfire, storm, and flood resilient upgrades.
- · Cool rate, no monthly fees: You won't pay any loan establishment or monthly account fees.
- · Flexible repayments: Pay it off as fast as you like with unlimited extra repayments (redraw unavailable).
- · The product provides options which includes repayment holiday and a progressive drawdown features.
- · Loan Payment Method: Direct Debit (preferred), Direct Credit, Branch Payment, Internet or Phone Banking
- · Repayment frequencies includes weekly, fortnightly or monthly
- · Sustainable upgrade offers from our approved providers. Qualifies for our cool interest rate. We've teamed up with Origin for quotes on home energy upgrades from Origin's network of local approved in…
§ 04 — Eligibility & limits
- · Minimum age 18
- · Amount $4,000 to $50,000
- · You must have or be approved for a Westpac home or investment loan with a minimum loan size of $150k
- · The property securing your Westpac home or investment loan must be the property being upgraded for energy-efficiency or climate-resilience
- · Lenders mortgage insurance must not be applicable at time of applying.
- · Individuals, Discretionary or Family Trusts (Individual trustees only)
- · You've chosen from our list of eligible energy-efficient or climate-resilient upgrades and funds spent on these upgrades only.
- · Maximum repayment term 10 years
- · Loan Maximum - Interest only period 9 months
- · $4k to $50k loan amount on Principal & Interest repayments
§ 06 — Run the numbers
Put this product through a calculator
Published by Westpac under the Consumer Data Right, last changed by them on 21 Aug 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.