Eco Home Loan Variable

Owner Occupied Home Loan

5.84% p.a. Variable

5.89% p.a. Comparison*



  • Repayment flexibility and redraw facility available
  • Additional payments without penalty
  • No hidden fees or ongoing monthly fees
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    Awarded home loans - Reduce Home Loans

    Eco-friendly Offer

    Take advantage of our exclusive eco-friendly offer! Enjoy zero application fees*, Unlimited additional repayments as well as free redraw through internet banking on our Eco Home Loan Variable. For a limited time offer up to $2,000 Cash Back*.

    Speak to our knowledgeable Personal Finance Managers today and discover how you can potentially lower your interest rate and upfront fees.

    Don’t miss out, call us today at 1300 733 823.


      Leave your details and one of our Personal Finance Managers will contact you within one business day .

      Rate5.84% p.a. Variable
      5.89%* p.a. Comparison
      PurposeOwner Occupied
      Minimum Amount$150,000
      Maximum AmountUnlimited

      Max loan amount may vary depending on the loan purpose, postcode, and other factors
      Refer to your Reduce Finance Manager for loan amount policy
      LVRUp to 60% LVR*
      Add 0.10% 60.1%-80%LVR
      Loan TermUp to 30 years
      Rate OptionsVariable
      Available for ConstructionYes- $800 Upfront Progress Inspection Fee
      Redraw FacilityYes. Online redraw available. Minimum $500.
      Account AccessInternet, Mobile and Phone Banking
      StatementsHalf yearly
      TypePrincipal & Interest
      FrequencyMonthly, Weekly, Fortnightly
      MethodsDirect Debit
      Salary Credit
      Additional RepaymentsYes
      Application Fee$0
      Establishment Fee$0
      Third Party Valuation FeeAt cost.
      Estimated $300.
      Third Party Legal & Funder FeesAt cost (Estimated $200) professional legal fee. Disbursements payable.

      Does not cover government charges, disbursements, funder's contract processing fee & PEXA Fee

      Annual Fee$0
      Monthly Fee$0
      Settlement Fee$0 Settlement fee
      Disbursements payable.


      To be eligible for an Eco Home or Investment loan the applicant must meet the following criteria:

      Supply evidence that the property that secures the loan features five items from the Sustainable Features List. If the property does not feature five, the loan purpose must include financing the purchase and / or installation of the remaining features.

      • Solar power system (minimum 5kw)
      • Battery energy storage
      • Solar or heat pump hot water
      • Water storage (minimum 5,000 litres and plumbed to toilets and/or laundry)
      • Waterless composting toilet
      • Wall and ceiling insulation (minimum R2.5 and R4 respectively)
      • Underfloor insulation
      • Double glazed and / or tinted windows (minimum 75% of buildings external glass)
      • Home wastewater treatment system
      • Reverse cycle air conditioning (minimum 5-star energy rated)
      • Any other sustainable feature that the customer believes should be considered – subject to referral to, and acceptance by Funder’s Sustainability Committee
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