Green loan for self-arranged home energy upgrades
Borrow for home energy upgrades from your own supplier, including insulation, solar panels and heat pumps, if you are a credit-union member or eligible to join.
Denne finansieringsmuligheten er foreløpig beskrevet på engelsk.
The Self-Arranged Green Loan can pay for insulation, double or triple glazing, solar panels, renewable energy, heat pumps, home ventilation, LED lighting and boiler upgrades from a supplier you choose.
Borrow £7,500 to £25,000. The representative annual percentage rate (APR), which expresses the yearly borrowing cost, is 7.9%; at least 51% of approved customers receive that rate or lower, and your actual rate may differ. Terms run from 12 to 60 months below £15,000, or 12 to 84 months for £15,000 or more.
You repay the loan with interest in fixed monthly payments. Interest is charged daily on the amount you still owe, so it falls as you pay down the balance. There are no setup or administration fees. You can make extra payments or repay in full without an early settlement charge, paying interest only for the time you borrow.
Eligibility
- You must be at least 18 and be a Capital Credit Union member. Eligible new members can join during the loan application.
- Membership requires one route: current work in a listed eligible UK occupation (full-time, part-time or contract); retirement from an eligible UK occupation with a private pension; being a relative living in the same household as a member who directly qualifies under the membership criteria; or current membership of a listed partner organisation. Check the official eligibility page for the detailed occupations and organisations. Existing members admitted under the previous geographical bond do not need to requalify. Members who later stop meeting the membership criteria may retain membership and receive loans subject to the credit union’s rules.
- The lender assesses affordability and makes credit searches. It does not count potential energy savings towards what you can afford. A full application leaves a credit-check footprint. Missing payments can increase the amount payable and affect your credit file. Business borrowing is excluded.
- Admission requires proof of identity and address, a paid £1 membership share and an annual subscription set by the Board and agreed at the AGM, capped at £5. The Board can set a minimum ongoing shareholding up to £5. These membership obligations are separate from the absence of loan setup and administration fees.
- You must settle outstanding liabilities before leaving membership. The Board may refuse withdrawal of share savings if you are in default or the withdrawal would leave your shareholding below your total liabilities, including guarantees. The credit union can hold your shares against debt and use sums credited to you towards repayment. The credit union may require up to 60 days’ notice to withdraw share savings.
How to apply
- Status
- Løpende søknader
- Vilkår for søknadsrunden
- Membership eligibility, affordability and credit assessment apply; new applicants can join during the loan application.
Use Capital Credit Union’s Green Loan page and choose “Become a member and apply” if you are new, or apply through online banking if you are already a member. Choose the Self-Arranged Green Loan for this route. The lender asks for a quote, estimate or proof of purchase for the upgrades.
If approved in principle, you receive a credit agreement confirming your exact rate and monthly repayment. Sign and return it; the lender then completes final checks. Once those pass, it transfers the money to your bank account. Repayments follow the schedule in your loan agreement.