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Sustainable Upgrades Home 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 28 Oct 2026
Product page ↗Fees and pricing ↗Terms ↗

At a glance

Variable (owner occ. P&I)
4.74%4.74% comparison
Features
extra repayments

Rates

The one rate Westpac publishes for this home loan.

TypeApplies toTermBandRateComparisonConditions
VariableOwner occupied, P&I--4.74%4.74%-

Rate changes

One change logged, newest first.

DateRateWasNowChange
9 Oct 2026Variable, Owner occupied, P&I4.49%4.74%up 0.25

Each change is logged the night it appears in the rates Westpac publishes. See how every lender answered the RBA on the rate tracker.

Fees

8 fees published, grouped by when they're charged.

  1. When you take it outNo feeLending Establishment Fee
  2. While you hold itVaries2 fees, each listed below
  3. When you close it or pay it off$350Loan Discharge Fee

When you take it out1

  • Lending Establishment Fee
    No fee

While you hold it2

  • Loan Account Fee
    No fee
  • Monthly Account Fee
    No fee

If a payment is late or fails1

  • Missed Payment Fee

    If applicable

    $15 30 days after it's due

When particular things happen3

  • Account Overdrawn Fee
    $15
  • Bank Cheque Issuance Fee

    $10 per cheque (1st cheque is free)

    $10
  • Document Processing Fee
    No fee

When you close it or pay it off1

  • Loan Discharge Fee
    $350

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…

Eligibility and 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

Published by Westpac under the Consumer Data Right, last changed by them on 28 Oct 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.