Green loan
Borrow for insulation, solar panels, a full home retrofit or an electric vehicle if you live, work or study in Life Credit Union’s local membership area.
Cette fiche est actuellement disponible en anglais.
The loan can pay for attic insulation, solar panels, a full retrofit or an electric vehicle. You can borrow up to €100,000 for up to 10 years.
For borrowing below €10,000, the published Green Loan interest rate is 8.75%, with an annual percentage rate (APR) of 9.11%. From €10,000 to €100,000, the interest rate is 6%, with 6.17% APR; the lender’s example identifies this rate as variable. APR expresses the annual cost of borrowing. Your actual repayments are agreed in your credit agreement.
Life Credit Union pays the borrowed money into your account. You repay the loan with interest through the agreed repayments, using a standing order, direct debit, bank transfer, telephone payment or branch payment. There are no early repayment fees. Missing agreed repayments puts your account into arrears and may affect your credit rating and future access to credit.
Eligibility
You must be over 18 and satisfy Life Credit Union’s assessment of your financial position and ability to repay.
You can join if you live, work or study in Naas, Newbridge, Maynooth, Sallins, Caragh, Kilmeague, Allen, Milltown, Kill, Kilteel, Rathmore, Eadestown, Two Mile House, Athgarvan, Suncroft or Ballymore Eustace. If you qualify through work or study, provide proof of your employment or college connection. New members can apply straight away with €1 in their savings account.
Provide a current driving licence or passport, proof of your Personal Public Service Number (PPSN), proof of address from the last six months and evidence of income. A Public Services Card is not accepted as proof of PPSN. The FAQ asks for three months of recent bank statements and your three most recent payslips; the product page also accepts social welfare income evidence. Statements must show your name and IBAN.
If you are self-employed, provide your latest F11 tax return, two years of accounts and six months of business bank statements. For a joint application, both applicants must provide the paperwork.
How to apply
- Statut
- Candidatures au fil de l’eau
- Conditions de cette période de candidature
- Membership eligibility and credit assessment apply; new members may apply immediately with €1 in savings.
If you are new to Life Credit Union, join through its mobile app or in a branch, then apply through the app. Existing members can apply through the app or online banking. On the Green Loan page, you can also send a loan enquiry for a callback. Alternatively, apply by calling 045 879 622 or make a branch appointment.
Submit the required documents with your application. Life Credit Union may request additional paperwork depending on the loan. For a joint account, open the account in a branch.