Suffolk Green Loans - Eastern Savings and Loans
Suffolk Green Loans

Renewable Energy and Energy Efficiency Loans

In partnership with Suffolk Energy Action, we are able to offer 0% interest loans of up to £5,000 over 3 years, for a range of domestic energy efficiency and renewable energy systems. This includes solar water heating, air and ground source heat pumps, and other technologies, see below for the full list. This product is only available to residents of Suffolk. You do need to become a member of ESLSCU to apply for this 0% loan.

  • No setup fees or additional charges
  • Loans repaid over 3 years
  • Residents of Suffolk only
  • A wide range of renewable energy installations covered
  • Including LED lighting, insulation and double or triple-glazing

How much will it cost for a Green Loan?

Representative Example:

Borrowing £5,000.00 over 36 months will cost £138.89 a month. The total amount repayable is £5,000.00 which includes interest at 0.00% APR.

No interest will be charged on these loans.


How do I apply for a Suffolk Green Loan?

1. If you are not a member of ESLCU then you will need to complete an Online joining form, and pay your membership fee by PayPal or debit card by calling the office on 03336 000690, before applying for a loan.

2. Once you are a member, you can apply via the Members Area. We aim to have a decision for you within 4 working days. You can apply for a loan the same day you join our Credit Union.

You can join us online and apply for the loan the same day, all on our website. Please use the link below to join our Credit Union.

You will also need to provide proof of your income. We will ask you to give us read-only access to your bank statements through our trusted partner Consents. Online, this allows our loan officer to see the past ninety days of your bank statement over a secure connection. Alternatively, you can provide printouts of your bank statements, but this will take a few days longer to process while we wait to receive them.

Note: Failure to make scheduled loan repayments will lead to arrears action and may affect your credit history.


Solar PV panels and efficiency equipment
Domestic wind turbine
Biomass boiler
LED Lighting
Loft & Floor insulation
Cavity wall fill, internal & external solid wall insulation
Draught proofing
Double & Triple Glazing
Air source heat pumps
Ground source heat pumps
Water conservation measures – rainwater harvesting
Electric vehicles and charging points.

Projects may be subject to approval by the Suffolk Energy Action team
This is a scheme supported by Suffolk Energy Action, so it is only open to residents of Suffolk.
To apply for this loan or any of our loan products you need to be a member of Eastern Savings & Loan Credit Union. 
You need to become a member of ESLCU before you apply for a loan, we are a members’ cooperative, you can find out more about our credit union here. It costs £5 to join, £2 admin fee & £3 minimum shareholding. It costs £0.25 a week for an account, which includes Free Life & Loan Insurance, and no additional charges for transactions or loans. Once you have completed the membership form, you can apply for a 0% Renewable energy loan.

Once you are a member, you can apply for a loan the same day you join our Credit Union via our Members Area.

You will need to provide proof of your income, and your final quote from your preferred supplier to accompany your Green loan application. 

We will email you to ask you to give us read-only access to your bank statements through our trusted partner Consents.Online, this allows our loan officer to see the past ninety days of your bank statement over a secure connection. Alternatively, you can provide printouts of your bank statements, but this will take a few days longer to process while we wait to receive them.

1. Bank statements for the last three months
2. Information on all existing loans, credit cards and other debts.

Note: Failure to make scheduled loan repayments will lead to arrears action and may affect your credit history.
We aim to process all our loans within 3-4 working days. We may ask for more information to confirm your household income & expenditure, via bank statements, to confirm the affordability of the loan, this can cause the processing time to be extended.
If you are approved for a renewable energy loan we will transfer the funds directly to your preferred supplier on receipt of the signed loan agreement. You can ask us to hold the funds until the work is completed or use the loan for the deposit, the choice is yours.
This loan is interest-free, and there are no charges to set up the loan or repay early, as with all our loans. 

We do have a recurring membership fee of £0.25 per week for all our membership accounts, you will need to make sure you have enough in your account to cover this fee for the duration of your loan. 
You can call our team on Tel: 03336 000690 or email: office@www.eslcu.co.uk Monday – Friday 9.30 – 4.00 pm. 

Examples of loans and their repayments

£1,000 – £5,000 Loans for Renewable Energy Projects

BorrowChoose your
repayment period
Amount to pay
per month
APRInterest
charged
£1,0001 year£83.340%£0.00
2 years£41.670%£0.00
3 years£27.780%£0.00
£2,0002 years£83.350%£0.00
3 years£55.570%£0.00
£3,0003 years£83.350%£0.00
£4,0003 years£111.130%£0.00
£5,0003 years£138.890%£0.00

£300 – £1,000 Loans for better home energy efficiency

BorrowChoose your repayment periodAmount to pay per weekAPRInterest charged
£30026 weeks£11.540%£0.00
52 weeks£5.770%£0.00
£50026 weeks£19.240%£0.00
52 weeks£9.620%£0.00
104 weeks£4.810%£0.00
£1,00052 weeks£19.240%£0.00
104 weeks£9.620%£0.00

Some of our other products

Home Improvement Loans
Home Improvement Loans

A Home Improvement Loan from us can be used for a range of purposes such as a new bathroom, putting down some decking, redecorating a room or a loft conversion.

Holiday Loans
Holiday Loans

The flexibility of our Holiday Loan allows you to borrow an amount that exactly meets your needs. Having the funds available to pay for your holiday gives you the flexibility to shop around for your ideal holiday.

Car Loan
Car Loan

From £300 - £4,000 a loan from us might be a more affordable option for either repairs or a new vehicle.

Member of ABCUL

Members of ABCUL

All funds are FSCS protected

Your money is protected up to £85,000

We are authorised and regulated by PRA

Authorised and Regulated by the Prudential Regulation Authority

Members of ABCUL

Your money is protected up to £85,000

Authorised and Regulated by the Prudential Regulation Authority