Gateway Bank offers $ 2,000 in cash back to Green Home Loan customers

In response to growing environmental concerns and heightened awareness of the role banks can play in mitigating them, Gateway Bank announced that it will offer $ 2,000 cash back to successful applicants for a green home loan.

The offer is available to customers looking to build an energy efficient home or retrofit their existing home to make it more environmentally friendly. Refinancers are also eligible, as long as they are not existing customers of Gateway Bank.

To be eligible, the property must have a minimum rating of 7.0 stars from the Nationwide House Energy Rating Scheme (NatHERS) or receive a favorable rating under the Residential Efficiency Score Card approved by NatHERS.

Applications must be submitted between September 20 and December 31, 2021 and paid by March 31, 2022.

Gateway Bank chief executive Lexi Airey said the move is one of many ways Gateway Bank hopes to reward customers who bank with the environment in mind.

RELATED: More Home Lenders Are Offering Payback Deals, But Are They Worth It?

“There is a rapidly growing market segment that wants to reduce their home’s impact on the environment and is borrowing to add energy efficient features or to buy a new home with those built in,” she said.

“Because we firmly believe that consumers shouldn’t have to pay extra to do the right thing for the environment, we have introduced this cashback offer as part of Gateway’s ‘Pocket & Planet’ goal. Bank. “

In addition to the cashback offer, customers will also benefit from rates as low as 2.34% pa (comparison rate of 2.68% pa *) on the Green Plus home loan and 2.44% pa (rate of comparison of 2.78% pa *) on the green home loan.

Both come with a 100% cleared account (with a linked Visa Eco debit card) and allow customers to make unlimited additional refunds without incurring a penalty. A withdrawal function is also available in case the customers wish to recover these additional funds.

For more information on credit trends, visit our home loan statistics page. And if you’re in the market for a home loan, visit our home loan comparison page or browse the selection below.

* CAUTION: This comparison rate only applies to the example (s) given. Different amounts and terms will result in different compare rates. Costs such as redemption or prepayment charges, and cost savings such as fee waivers, are not included in the comparison rate but can influence the cost of the loan. The comparison rate displayed is that of a guaranteed loan with monthly repayment of principal and interest of $ 150,000 over 25 years.

** The initial monthly repayment figures are only estimates, based on the advertised rate, the loan amount and the foreclosed term. The rates, fees and charges and therefore the total cost of the loan can vary depending on the amount of your loan, the length of your loan and your credit history. Actual repayments will depend on your personal circumstances and changes in interest rates.

^ See information on the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We do not consider your personal goals, your financial situation or your needs, and we do not recommend any particular product to you. You should make your own decision after reading the PDS or offering literature, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we do not cover every product on the market. If you decide to request a product through our website, you will be dealing directly with the supplier of that product and not with Mozo.

Comments are closed.