Direct Financial offers an energy improvement loan with no money down so you can start saving right away. The Energy Smart Loan is just that, a loan with terms that make turning your home energy efficient...easy, whether installing solar panels or energy efficient appliances.
Here are the basics:
Tailored loan terms to match your energy investment - Your energy efficient investment is saving you money and will continue for years to come. An Energy Smart Loan with the Credit Union can be financed for 5, 10 or 15 years, depending on the amount you need to finance. We want to keep your payment affordable. The shorter the term the lower the interest rate and our rates are fixed for the life of the loan.
One time free re-amortization - If at any point during the loan you have the opportunity to pay down the balance, you can lock in a new monthly payment based on the new principal balance.
No pre-payment penalty - You may pay down the principal on your loan anytime you like with no penalty. This is not a home equity loan so there is no appraisal or title work needed
|Term||Annual Percentage Rate1||Alert Me|
|Fixed Rate||5 Years||6.49%|
|Products and services purchased with the Energy Smart Loan proceeds must meet NEFCU Energy Efficient guidelines.|
*The Credit Union does not offer tax services. Please us a professional tax preparation service to inquire about potential tax credits.
**Energy Efficient and/or Energy Star rated products require verification of rating; spec sheet available from place of purchase or online.