Finding a green loan to get easier

A fintech startup and a digital mortgage broker have teamed up to make it easier for Australians to compare banks, mortgage lenders, and other finance companies by their green credentials.

Acacia Money recently partnered with Uno Home Loans to assess Australia’s mortgage lenders based on their commitments to net zero and revenue earned from lending to fossil fuel-intensive industries.

The partnership will enable Acacia Money to expand its services to help users analyse their personal finances, understand the environmental impact of their choices, and to help users switch their home loans, bank accounts, superannuation funds, and energy providers using its app, RateCity.com.au reported.

Acacia also pledged to plant a tree for every user who switches banks or finance providers after using the app.