Green loan
A loan for Commsave members making energy-efficient home improvements, with lower interest after proof of completed work.
Deze mogelijkheid is momenteel in het Engels beschikbaar.
You can finance energy-efficient improvements to your home. The lender gives upgrading old windows and doors as one example.
Commsave lends £100–£25,000, with the amount you can borrow depending on your circumstances. For projects costing £5,000–£25,000, the annual percentage rate (APR) starts at 9.4% and falls to 8% when you provide proof of completed work, such as an invoice or energy performance certificate (EPC). For projects costing under £5,000, it starts at 26.8% and falls to 25% after proof.
This is borrowed money that you repay with interest. Interest is charged on the amount you still owe, so the interest you pay reduces as you repay the loan. Commsave charges no early repayment fees.
Savings equal to one third of your outstanding loan balance are held as security and cannot be withdrawn. These savings remain separate from paying down the loan: as the balance falls, less savings are held, and once the loan is cleared they can be withdrawn as usual.
Eligibility
You must be a Commsave member. You can join if you meet any of these routes:
- You live or work in Northamptonshire.
- You belong to Unite the Union or WHA Healthcare.
- You work in the fishing industry or belong to Nautilus International.
- You live at the same address as a family member who is already a Commsave member.
- You work for an employer on Commsave’s membership list.
The loan is subject to credit and affordability checks, and part of your savings is held as security while you owe money.
How to apply
- Status
- Doorlopend open
- Voorwaarden voor deze aanvraagronde
- Commsave membership number required; credit and affordability checks apply.
Check Commsave’s membership eligibility page and use its sign-up route to join. You can apply for a loan as soon as you receive your membership number.
Register an online account to apply through the website or app, or call Commsave on 0303 0402 660. Discuss the Green Loan amount, repayment arrangement and savings held as security with Commsave. After completing the work, provide proof to obtain the lower rate.