Private Zero-Interest Lending

Most commercial banks now offer sustainability or zero-interest ‘green’ loans. These private loans increase the short-term affordability of climate solutions nationwide and are an important part of how we will finance some of the shift to clean energy. Since these loans help households to reduce their overall running costs on low- or no-interest terms, they allow more people to access energy efficiency upgrades earlier.

This won’t be suitable for everyone. In most cases you’ll need to own your own home and be able to increase your repayments to account for the upfront repayment cost. However, it will benefit homeowners over the life of the loan, and we all benefit from the reduced emissions as more homes in New Zealand become energy-efficient.

This summary from Gen-Less on zero-interest short-term loans for your home is worth reading. It provides links to potential lenders and a general overview of types of things they can be used for.

Green loans for your home | Gen Less