Green loan
Borrow for home energy improvements or green transport if you live, work or study in Ballina Credit Union’s local membership area.
Tämän rahoitusmahdollisuuden kuvaus on toistaiseksi englanniksi.
Ballina Credit Union lends you money for improvements such as insulation, solar panels, boiler upgrades and sustainable water or ventilation systems. You can also finance an electric or hybrid car, a home charger, a bicycle or an e-bike.
You repay the borrowed money with interest. The advertised interest rate is 6.5% for both the Green Personal Loan and Green Car Loan. Calculator repayment figures are only a rough guide. The maximum repayment term is 10 years for home improvements and 7 years for transport; the term offered depends on the amount you borrow.
The product advertises no hidden fees, no penalties for paying the loan off early, and flexibility to increase your repayments. Free loan protection insurance is available to eligible members. Missing repayments puts the account into arrears and can affect your credit rating and future access to credit.
Eligibility
- You must be a member and be able to afford the repayments, including interest, throughout the loan term. Loan approval is required.
- To join, you must live, work or study within the credit union’s common bond area, its local membership boundary. This extends from Ballycastle to Lahardane, Foxford and Templeboy in west Sligo, including the area between them.
- Provide evidence of the work being undertaken and proof of purchase. All Green Loans require proof of purchase.
How to apply
- Tila
- Jatkuva haku
- Hakukierroksen ehdot
- Membership and credit approval are required.
If you are new to Ballina Credit Union, join online or at its office. There is a €1 entrance fee and a minimum initial deposit of €10. Bring a valid passport, driving licence or learner permit, or National Age Card; separate address evidence dated within six months; and evidence of your PPS number. Address evidence can be a utility bill, a bank statement from another financial institution, or a letter from Social Welfare or another government department.
Members registered for online access can apply through CU Online+ or the Ballina Credit Union app. Other members can register for online access or apply in person at an office. Call Ballina Credit Union on 096 71066 to join or discuss an application.