Green Loan - Overview
There's never been a better time to improve the energy efficiency of your home. Grants are available under the Home Energy Saving scheme and the Greener Homes scheme from Sustainable Energy Ireland towards the cost of certain work to improve the energy efficiency of your home and the purchase of renewable energy heating systems.
Now Ulster Bank is offering discounted personal loans from 10.5% APR fixed* for energy efficient home improvements and the purchase of renewable energy heating systems. If you have been approved for a grant under the Home Energy Saving scheme or the Greener Homes scheme, you can avail of a discount of 1.4% off our standard personal loan fixed rates.
| Green Loan - Fixed Monthly Repayments Over 5 Years | |||
|---|---|---|---|
| Loan Amount | €10,000 | €15,000 | €20,000 |
| Monthly Repayment | €215.15 | €318.72 | €424.96 |
| APR Fixed | 11.1% | 10.5% | 10.5% |
| Total Cost of Credit | €2,909.00 | €4,123.20 | €5,497.60 |
| Total Amount Repayable | €12,909.00 | €19,123.20 | €25,497.60 |
The figures above are for Illustration purposes only. Repayments may vary slightly according to the date that the loan is drawn down and the date of your monthly repayment but remain fixed for the term of the loan.
Green Loans are available from any Ulster Bank branch. Call in and talk to us today.
You must present your Home Energy Saving scheme or Greener Homes scheme grant approval in your local Ulster Bank branch before drawing down a discounted home improvement loan. To find out more about the grants available from Sustainable Energy Ireland, visit www.sei.ie.
* Terms and Conditions apply. This offer is only available from Ulster Bank branches. Personal Loans are not available for business or mortgage purposes - other lending restrictions may apply. Maximum loan amount is €40,000. Loans are paid monthly and terms must be set in increments of 1 month. The maximum loan term available is 5 years (7 years for loans of €12,000 or more, 10 years for home improvement loans). The loan must be drawn down in one sum within one month from date of offer and will not be valid after this period. Credit is only available to persons aged 18 or over, who are residents of the Republic of Ireland and is subject to status and conditions. Security may be required. Information and rates correct as at 26/08/2009 and are subject to change.
