Australians’ concern about climate change has grown stronger over the past year, following extreme weather events across the country – from record heatwaves in Queensland to floods in the Northern Rivers and bushfires in Western Australia. According to the Climate of the Nation 2024 report, 82 per cent of Australians now say they are concerned about climate change, with a clear majority supporting stronger action to reduce emissions and invest in renewable energy.
At Firstmac, we share this growing sense of urgency and have responded by developing a range of Green Home Loan and Car Loan products that reward sustainable choices. These initiatives support customers who are building energy-efficient homes, installing solar energy systems, or purchasing electric vehicles – helping them make environmentally responsible decisions while managing rising financial pressures.
Let’s take a closer look at how these products work.
Green Home Loan
Firstmac’s Green Home Loan offers a meaningful interest rate discount for customers who buy or build homes that meet high energy efficiency standards. Qualifying homes can receive a discounted upfront interest rate and up to a 1.05 per cent reduction on the home loan rate for the first five years.
Eligible homes must have a NatHERS (Nationwide House Energy Rating Scheme) score of at least 7.0 stars and be less than a year old. The application process is as straightforward as our standard home loans, with no added red tape or delays.
Solar Home Loan
With high electricity prices still causing pain, Firstmac’s Solar Home Loan offers borrowers a lower interest rate if they install solar panels. Borrowers can finance the cost of the solar system through their mortgage, which results in net savings due to reduced energy bills. The result is cleaner energy and lower household costs, all built into a simple home loan structure.
Green Car Loan
With support from the Clean Energy Finance Corporation (CEFC), Firstmac’s Green Car Loan provides a 0.15 per cent discount on the variable interest rate for electric vehicles or a 0.5 per cent discount on the fixed rate. Brokers can confirm vehicle eligibility easily using our Broker Tools app, with fast approval and no complicated paperwork.
Our commitment to sustainability
At Firstmac, we’re committed to supporting a sustainable future for Australian households. Our Green Loan Suite helps customers lower their environmental impact while also reducing everyday financial stress. By encouraging adoption of EVs, solar energy, and energy-efficient housing, we help Australians take real climate action – without sacrificing affordability.
Economic benefits
These loans don’t just benefit the environment – they offer real financial gains. With generous interest rate discounts and reduced energy costs, Firstmac Green Loans provide a practical solution for households facing cost-of-living pressures. It’s about supporting families today while investing in a better tomorrow.
Conclusion
Firstmac’s Green Home, Solar Home, and Green Car Loans reflect our long-term commitment to environmental responsibility and practical lending. Australians are increasingly aware of their carbon footprint and our products give brokers the tools to help their customers take meaningful steps to reduce it – without compromising cost-effectiveness. As climate challenges continue to grow, Firstmac will remain focused on delivering products that support sustainability, resilience, and responsible lending. Together with brokers, we’re helping Australians build a greener, more affordable future.
