Gateway Bank offers $ 2,000 in cash back to Green Home Loan customers
In response to growing environmental concerns and heightened awareness of the role banks can play in mitigating them, Gateway Bank announced that it will offer $ 2,000 cash back to successful applicants for a green home loan.
The offer is available to customers looking to build an energy efficient home or retrofit their existing home to make it more environmentally friendly. Refinancers are also eligible, as long as they are not existing customers of Gateway Bank.
To be eligible, the property must have a minimum rating of 7.0 stars from the Nationwide House Energy Rating Scheme (NatHERS) or receive a favorable rating under the Residential Efficiency Score Card approved by NatHERS.
Applications must be submitted between September 20 and December 31, 2021 and paid by March 31, 2022.
Gateway Bank chief executive Lexi Airey said the move is one of many ways Gateway Bank hopes to reward customers who bank with the environment in mind.
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“There is a rapidly growing market segment that wants to reduce their home’s impact on the environment and is borrowing to add energy efficient features or to buy a new home with those built in,” she said.
“Because we firmly believe that consumers shouldn’t have to pay extra to do the right thing for the environment, we have introduced this cashback offer as part of Gateway’s ‘Pocket & Planet’ goal. Bank. “
In addition to the cashback offer, customers will also benefit from rates as low as 2.34% pa (comparison rate of 2.68% pa *) on the Green Plus home loan and 2.44% pa (rate of comparison of 2.78% pa *) on the green home loan.
Both come with a 100% cleared account (with a linked Visa Eco debit card) and allow customers to make unlimited additional refunds without incurring a penalty. A withdrawal function is also available in case the customers wish to recover these additional funds.
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