Green loan
Borrow for home energy improvements or electric and hybrid transport if you qualify for CANA Credit Union membership through Revenue employment, retirement or family ties, or CANA employment.
Deze mogelijkheid is momenteel in het Engels beschikbaar.
CANA lends you money for upgrades that improve your home’s energy performance, such as insulation, solar panels, heat pumps, smart energy controls, new windows or external doors, and boiler or water-heating upgrades. Transport purchases can include fully electric vehicles, hybrid cars, electric bikes, e-scooters and charging points.
The published interest rate is 4.9%, with an annual percentage rate (APR) of 5.01%. Your total borrowing with CANA, including existing loans, cannot exceed €100,000. The repayment term is up to 10 years for green home improvements and 6 years for electric or hybrid cars, including electric bikes.
You must repay the money borrowed with interest. You can arrange loan repayments by standing order from your bank. Salary or pension deductions are available only to members employed by Revenue or receiving a Revenue pension. If you leave Revenue employment, loan repayments require a direct debit. Missing repayments can put your account into arrears and affect your credit rating and future access to credit.
Eligibility
You must be a CANA member. Membership is open to Revenue Commissioners employees and retirees, CANA Credit Union employees, and family members living at the same address as an existing Revenue employee. The membership rules also allow minors living at that address to join; membership alone does not guarantee loan approval.
Home improvements must improve your home’s energy performance. If you are unsure whether your project qualifies, speak with CANA’s team.
You must hold savings, called shares, equal to 5% of the total loan. Depending on the loan amount or duration, CANA may require some savings to be pledged as security. The pledged amount stays in place until the loan is repaid or its balance is below the pledged shares amount. CANA assesses your ability to repay using factors such as income, expenses and credit history; all loans require approval.
How to apply
- Status
- Doorlopend open
- Voorwaarden voor deze aanvraagronde
- CANA membership and loan approval are required.[^c5][^c8]
- Eligible new applicants can join online before applying.[^c6]
If you are not yet a member, join CANA online first. For membership, provide identification, proof of address dated within the last three months, and proof of your Personal Public Service Number (PPSN). You can also submit the membership form and documents by post or in person.
Once you are a member, apply through CANA’s website or mobile app, in the office, or by mailing a loan application. For online applications, register for online access if needed and log in to apply. CANA will contact you if further information is required.
After CANA issues the loan, provide proof of purchase for the electric vehicle or green home improvements within 90 days. If you do not provide it, the 4.9% interest rate reverts to the standard rate of 5.9%.