Suffolk Green Loans | Eastern Savings and Loans
Suffolk Green Loans

Renewable Energy Installation Loans

In partnership with Suffolk Energy Action, we are able to offer 0% interest loans of up to £4,000 over 3 years, for a range of domestic 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. Please use the Promotion Code SEAL2019 when you apply for this loan.

Smaller improvements

Loans can be for larger renewable projects and for smaller improvements such as insulation, draught proofing or LED lighting. Please see the examples below.

  • No setup fees or additional charges
  • Loans repaid over 3 years
  • Residents of Suffolk only
  • Wide range of renewable energy installations covered
  • Use the Promotion Code SEAL when you apply


How much will it cost?

Representative Example.

Borrowing £4,000.00 over 36 months will cost £138.89 month. Total amount repayable is £4,000.00 which includes interest at 0.00% APR.

No interest will be charged on these loans.


How do I apply

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, just answer a few short questions on our Online loan form. We aim to have a decision to you within 3 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 links below.

Please use the promotion code SEAL  when you apply for a Green Loan.

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 these.

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


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 do also need to be a member of Eastern Savings & Loan Credit Union. 

Join 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 0.25p 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.

Please use the Promotion code SEAL when you apply for a Green Loan.

Once you are a member, just answer a few short questions on our Online loan form. You can apply for a loan the same day you join our Credit Union.

You will need to provide proof of your income, 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 these.

1. Payslips for last three months
2. Bank statements for the last three months
3. 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.

Apply for Loan
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
We aim to process all our loans with 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 either to your verified bank account, or directly to your installer. 
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 reoccurring membership fee of 0.25p 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 course of your loan. 
You can call our team on Tel: 03336 000690 or email: office@eslcu.co.uk Monday – Friday 9.30 – 4.30pm. 

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

Loans for smaller improvements (e.g. insulation)

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

Members of ABCUL

Members of ABCUL

Your money is protected up to £85,000

Your money is protected up to £85,000

Authorised and Regulated by the Prudential Regulation Authority

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