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Kiwi Bank Sustainable Energy Loan Top-Up
Up to $2,000 for renewable systems, waived top-up fee for existing home loan customers.
Kiwibank Sustainable Energy Loan: Unlock up to $2,000 over 4 years for solar and more. No top-up fee for existing customers. Embrace sustainable energy now.
- Sustainable Energy Loan Top-Up
Interest Rate: Standard variable rate (8.50% as of July 2023)
Loan Term: 7 to 10 years
Kiwibank Contribution: Up to $2,000 for loans over $5,000 (distributed over four years)
Eligible Uses: Solar power systems, small-scale hydro systems, wind energy systems, geothermal energy systems
Eligibility: Must be a Kiwibank home loan customer or transfer your mortgage to Kiwibank, and have at least 20% equity in your home
Pros:
Can be used for small-scale hydro, wind, or geothermal systems
No establishment or top-up fees
Kiwibank contributes up to $2,000 for loans over $5,000
Cons:
Higher interest rate compared to similar loans from other banks
Early repayment fee applies
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