If You’re Located in Suffolk or Broadland, Norfolk, You Can Apply for an Interest-Free Loan for Energy-Efficient Upgrades
Are you located in Suffolk or Broadland, Norfolk? Looking to make your home more energy-efficient whilst saving money? Green Loans from Eastern Savings and Loans offer interest-free financing for eco-friendly home improvements like insulation, solar panels, and energy-efficient heating. Whether you’re upgrading your home or managing heating expenses, our Green Loans make sustainability affordable. Take the next step toward a greener future today.
A Green Loan from ESLCU offers 0% interest financing for energy-efficient home improvements and renewable energy systems. If you reside in Suffolk or Broadland, Norfolk, borrow up to £5,000 for projects like insulation, LED lighting, or heating oil costs. With tailored loan options and flexible terms, you can reduce your carbon footprint and cut energy costs, whilst spreading the cost over 3 years.
Suffolk Heating Oil Loan
In partnership with a consortium of Suffolk councils, and with East Suffolk Council overseeing, we offer 0% interest loans of up to £500, repayable over 12 months, to help cover the cost of a tank of heating oil. This exclusive offer is available only to Suffolk residents. Membership with ESLCU is required to apply.
Suffolk Energy Action Partnership
In partnership with Suffolk Energy Action, we offer 0% interest loans up to £5,000, repayable over 3 years, for domestic energy efficiency and renewable energy systems like solar water heating and heat pumps. This offer is only available to Suffolk residents, and ESLCU membership is required.
Broadland Sustainable Homes Scheme
Homeowners in the Broadland District can access 0% interest loans of up to £5,000 over three years for energy-efficient home upgrades like solar panels, heat pumps, and insulation. Membership with ESLCU is required to apply.
Quick Decisions & No Fees
Once you become a member of ESLCU, you can apply for a Green Loan. Our loan decisions are typically made within 3-4 working days, and you can check on the status of your loan application at any time through the Members Area. All of our loan products have no hidden fees and you can pay off your loan early without penalty too.
Flexible Repayments
As an ethical credit union we work with honesty and trust. This means we prioritise transparency by clearly disclosing our loan rates at all times. In addition, you can pay back your Green Loan in a way that suits you. We offer monthly or weekly repayment options across all of our loan products.
Fill in the membership form on our website. Please note, there is a recurring membership fee of £1 every 4 weeks for all of our accounts.
Pay £5 using PayPal or GoCardless (you’ll see the payment page after submitting the form).
Once approved, you’ll get an email with your membership number, account details, and information about us.
Once you join, you can apply for a loan in the Members Area. Loan decisions are typically made within 3-4 working days
Use our loan calculator to estimate your repayments based on the loan amount and time. It’s an easy way to plan your finances and make informed decisions before applying for your Green Loan. Start calculating today and see how much you could borrow!
To apply for a Green Loan, you must first become an ESLCU member. Membership costs £5 (£2 admin fee and £3 minimum shareholding) plus £1-4 weekly account maintenance. After joining, apply the same day via the Members Area by submitting proof of income and a supplier’s final quote. Provide 90 days of bank statements securely online or as printed copies. Please be aware that missed payments may affect your credit history.
We aim to process loans within 3-4 working days. However, if we need additional information to verify your household income and expenditure, such as bank statements, the processing time may be extended. This is to ensure the loan is affordable for you.
If your renewable energy loan is approved, we will transfer the funds directly to your chosen supplier once we receive the signed loan agreement. You can request that we hold the funds until the work is completed or use them for a deposit — whichever option works best for you.
The interest-free Green Loan has no setup fees or penalties for early repayment. However, there is a recurring membership fee of £1 per 4-weeks for all accounts, which must be maintained throughout the loan. Please ensure your account has enough funds to cover this fee.
Please contact our team who will be happy to help you.
Telephone: 03336 000690
Email: office@eslcu.co.uk
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