ING Green Upgrade Loan

The ING Green Upgrade Loan is a low-interest loan designed to help homeowners finance energy-efficient home upgrades. If you already have an ING home loan or are thinking of refinancing, you may be eligible to borrow between $5,000 and $50,000 at a fixed interest rate of 3.74% (5.16% comparison rate) to fund energy-efficient home improvements.

While this loan offers a competitive interest rate, it does come with some restrictions—most notably, you can only use ING’s Home Energy Helper platform to select products and installers, limiting your options when compared to other green loan alternatives.

Why Consider the ING Green Upgrade Loan?

 

The ING Green Upgrade Loan stands out for a few reasons. First, its ultra-low rate of 3.74% (5.16% comparison rate) is the lowest amongst the major banks, edging out CBA (3.99%) and Westpac's (4.74%) Green Loans. Additionally, the rate is fixed for 5 years and gives borrowers rate and repayment certainty. Finally, the most popular energy-efficient upgrades are on the eligibility list including solar and battery systems, induction cooktops, efficient split system air-conditioners, heat pumps, and solar hot water systems.

If you're considering upgrades to your home like insulation, EV charging, double-glazed windows, or smart home improvements - the ING Green Upgrade Loan may not be the right fit. Alternatives like the Community First Bank Green Loan offer a wider range of available products at a competitive interest rate and don't require a mortgage.

Unlock the savings potential of your home with 28Watt’s Free Home Assessment

One of the biggest challenges of home electrification is choosing the right upgrades in the right order to maximise savings. At 28Watt, we provide a Free Home Assessment to help you:

  • Identify the best energy-efficient upgrades for your home.
  • Get clear cost estimates and potential energy bill reductions.
  • Compare financing options to ensure you’re choosing the best green loan for your needs.

Our approach gives you flexibility—you choose the products that best suit your home, and we'll help you find a trusted local installer at a fair price.

By completing our Free Home Assessment, you’ll be equipped to maximise the value of your ING Green Upgrade Loan and start your journey towards an electrified and efficient home.

Start your free home assessment

 

What can I buy with an ING Green Upgrade Loan?

  • Solar Panels & Batteries
  • Heat Pump Hot Water Systems
  • Reverse Cycle Air Conditioning
  • EV Chargers
  • Induction Cooktops

Is the ING Green Upgrade Loan for You?

  • You must already have an ING Home Loan (Mortgage Simplifier, Orange Advantage, or Fixed Rate Loan).
  • Your existing home loan balance must be at least $150,000.
  • The total loan-to-value ratio (LVR) must not exceed 80% after adding the Green Upgrade Loan.
  • Your property must be in NSW, VIC, or ACT, and valued at less than $2.5 million.

 

Applying for the ING Green Upgrade Loan

 

  1. Complete Your Free Home Assessment: Before committing to ING’s Home Energy Helper platform, use our Free Home Assessment to explore all your upgrade options.

  2. Apply: If the ING Green Upgrade Loan still feels like the right choice, call ING’s home loan specialists at 1800 467 415 to check your eligibility.

  3. Get a Quote: You’ll need to obtain a quote from an installer approved through ING’s Home Energy Helper platform—you won’t be able to use your own preferred provider.

  4. Loan Approval and Installation: Once your upgrade is installed, submit the final invoice to ING. The funds will be deposited into your Orange Everyday account upon settlement.

 

28Watt's Takeaway

We're impressed with the competitive interest rate available with ING's Green Upgrade Loan. As Australia's 5th largest mortgage provider, we expect the loan to help many Australian households with the upfront costs of installing the biggest bang-for-buck renewable energy technologies like solar panels and battery systems.

However, the current state restrictions (NSW, VIC, and ACT only) and 5-year maximum loan term may limit access and affordability in the short term. We expect that as these restrictions lift, more ING mortgage holders may choose the ING Green Upgrade Loan as a cost-effective way to finance their energy-efficient home makeover.

At 28Watt, we’re here to make home electrification simple, affordable, and effective. The ING Green Upgrade Loan is a fantastic tool for ING mortgage holders, but if that's not you - check out some alternatives below.

Not sure which technologies will save you the most or what fits within your budget? Complete your Free Home Assessment today and see how 28Watt can help you unlock the full potential of your biggest asset.

 

Start your free home assessment