Greenify loan
Borrow for home energy upgrades, an electric or plug-in hybrid vehicle, or charging equipment if you are a Cara Credit Union member or can join its local membership area.
Greenify Home covers renovations from small upgrades to a deep retrofit, including wall and attic insulation, insulated doors, heat pumps, heat recovery, heating controls, solar panels, thermal upgrades and boiler replacement. Greenify Transport covers electric vehicles, plug-in hybrids and electric-vehicle chargers.
You can borrow up to €100,000. Home loans can run for up to ten years and transport loans for up to five years. Any loan below €15,000 has a maximum five-year term.
You repay the loan with interest. Both product calculators illustrate a 5.6% interest rate; their repayments are approximate and do not constitute a loan offer. Monthly repayments may increase. Interest is calculated on the outstanding balance, so the interest amount falls as you repay the loan. Cara Credit Union states that there are no fees or penalties for repaying a loan early.
For a car loan, you own the vehicle straight away rather than leasing it or buying through hire purchase.
Eligibility
- You must be at least 18 and be or become a Cara Credit Union member. Approval depends on your ability to repay and financial status. Security may be required.
- Membership is open to people who live or work in the Tralee postal district; the parishes of Castleisland, Firies, Ballydesmond or Killeentierna; the Roman Catholic Parish of St James, the Kilgobnet postal area west of the Gaddagh River, Glenbeigh or Glencar; the catchment area of Causeway Comprehensive School; or any parish in Corca Dhuibhne. The Causeway catchment’s principal villages include Abbeydorney, Ardfert, Ballyduff, Ballyheigue, Causeway, Kilmoyley and Lixnaw.
- For Greenify Home, 80% of the works must be for greener purposes and you must provide proof of the works.
- For Greenify Transport, the purchase must be an electric vehicle, plug-in hybrid or electric-vehicle charging point. Non-plug-in hybrids are excluded. Supporting documents may be required.
- Cara Credit Union may require repayments by direct debit. Missing repayments can affect your credit rating and future access to credit. Any security you provide may be enforced if you fail to repay.
- To join, deposit at least €5 in your savings account and keep at least €5 in the account to remain an active member.
How to apply
- Status
- Open continuously
- Round restrictions
- You must be or become an eligible Cara Credit Union member. Loans are subject to approval.[^c3][^c7][^c12]
Apply through the enquiry form on the Greenify loan page, or call Cara Credit Union on 066 712 2373 and select option 1 for loans. Members with online access can select “loan application” in online banking or use the mobile app; members without online access can register using their account number.
If you are eligible but are not a member, follow Cara’s membership application instructions first. You need a current driving licence or passport, proof of address dated within the last six months, your Eircode and proof of your Personal Public Service (PPS) number. A Public Services Card is not accepted as photographic ID or proof of PPS number. Single accounts can be opened online; joint accounts must be opened in a branch. Account opening in Tralee requires an appointment, booked by calling 066 712 2373.
If direct debit repayments are required, arrange them with Cara Credit Union in branch or by calling 066 712 2373.