ANZ joins Westpac in green loans

ANZ has joined Westpac in launching an interest-free Green Loan that will allow Australian households to invest in solar, water saving, and energy-efficient products.

The green loan, worth up to $10,000, has no approval fee, no loan administration charges, no early break cost and no interest repayments.

The bank’s Australian acting chief executive officer Graham Hodges said ANZ was committed to making households environmentally friendly.

“Greening your home makes sense from an environmental and a financial perspective. By offering Green Loans we can help Australians save money by making the initial investment in energy and water efficiency more accessible and affordable,” he said.