Green Loan
In order to support the green economy and encourage everyone to strive for more energy efficient enhancements, we are offering low interest rates on Home Renovations, Retrofitting and Transport Initiatives.
If you're got plans to make your home warmer and more energy efficient, on a mission to reduce your emissions, or just wanting to ditch the diesel for something greener - we have the green loan for you.
Our green loan is available for the following projects:
- Renewable energy upgrade (e.g. solar panels)
- Attic, floor, wall, pipe insulation
- Sustainable water and heating systems
- Door, window, or boiler upgrades
- Installation of energy efficient controls in the home
- Deep retrofit
- Electric or hybrid cars
- Home charger units
- Bicycles or motorcycles
What do we offer?
- Green Loan rate at 6.49% (6.69% Representative APR)
- Borrow up to €75,000.
- Loan term between 1 and 10 years.
- Flexible repayments.
- No large savings required.
- No transaction fees or administration charges.
- No penalties for early repayment or lump sum payments.
- Expert guidance and advice throughout the application process.
Representative Example: For a green loan of €20,000 over 5 years (60 months), repay €391.26 per month. Total amount repayable (including interest of €3,475.08) is €23,475.08, 6.69% APR.
Maximum Loan Term :
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. Whilst every care has been made in the production of information, People First Credit Union, or any of its staff, cannot be held responsible for any errors. This calculator only provides an indicative quote and actual repayments may vary. Loans are subject to approval, terms and conditions apply. If you do not meet the repayments on your loan, your account will go into arrears and this may affect your credit rating which may limit your ability to access credit in the future.
What do I need to provide?
- 3 months bank statements (including Revolut if applicable)
- 2 recent payslips (or other proof of income)
- Valid Photo ID (Driving License or Passport)
- Valid Proof of Address dated within the last six months (mobile phone bills not accepted)
You may be asked to provide proof of greenhouse emission reduction/improvement in BER, proof of works or proof of transport purchase.
Loans are subject to approval. Lending criteria, terms & conditions apply.
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.
Warning: For variable rate loans, the cost of your monthly repayments may increase.
Whilst every care has been made in the production of this information, it is for illustrative purposes only and to give you an overview of the potential cost of borrowing at People First Credit Union. It does not constitute a loan offer. People First Credit Union or its staff cannot be held responsible for any errors or omissions.
