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 with a household income of less than £30,000 per year. You do need to become a member of ESLSCU to apply for this 0% loan. Please use the Promotion Code SEAL when you apply for this loan.
- No setup fees or additional charges
- Loans repaid over 3 years
- Residents of Suffolk only
- Wide range of renewable energy installations covered
- Including LED lighting, insulation and double or triple glazing
- Use the Promotion Code SEAL when you apply
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, just answer a few short questions on our online loan form. We aim to have a decision for 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.
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
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. The combined household income for your home must be less than £30,000.00.
Join Credit Union
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
We do have a reoccurring 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.
Examples of loans and their repayments
£1,000 – £5,000 Loans for Renewable Energy Projects
| Borrow | Choose your repayment period | Amount to pay per month | APR | Interest charged |
| £1,000 | 1 year | £83.34 | 0% | £0.00 |
| 2 years | £41.67 | 0% | £0.00 | |
| 3 years | £27.78 | 0% | £0.00 | |
| £2,000 | 2 years | £83.35 | 0% | £0.00 |
| 3 years | £55.57 | 0% | £0.00 | |
| £3,000 | 3 years | £83.35 | 0% | £0.00 |
| £4,000 | 3 years | £111.13 | 0% | £0.00 |
| £5,000 | 3 years | £138.89 | 0% | £0.00 |
£300 – £1,000 Loans for better home energy efficiency
| Borrow | Choose your repayment period | Amount to pay per week | APR | Interest charged |
| £300 | 26 weeks | £11.54 | 0% | £0.00 |
| 52 weeks | £5.77 | 0% | £0.00 | |
| £500 | 26 weeks | £19.24 | 0% | £0.00 |
| 52 weeks | £9.62 | 0% | £0.00 | |
| 104 weeks | £4.81 | 0% | £0.00 | |
| £1,000 | 52 weeks | £19.24 | 0% | £0.00 |
| 104 weeks | £9.62 | 0% | £0.00 |
