Westpac to lend $100m for warmer, drier homes (interest-free)

Staff reporters
Wed, 27 Jul 2022

Homeowners can borrow up to $40,000 for five years to make their homes warmer, drier, and more energy-efficient. (Image: Getty)
Homeowners can borrow up to $40,000 for five years to make their homes warmer, drier, and more energy-efficient. (Image: Getty)
Staff reporters
Wed, 27 Jul 2022
Westpac NZ said it aims to lend $100 million in interest-free loans to homeowners for sustainability projects and is trialling a similar programme of loans at discounted rates to farmers.The bank said it has reduced its own emissions by 60% in the last 10 years and that it has already loaned more than $30m under the “warm up” scheme.Under the scheme, homeowners can borrow up to $40,000, up from $10,000 previously, for five years to make their homes warmer, drier, and more energy-efficient. Electric vehicle charging equipment and sol...

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