Rugby Credit Union

Green Loan Scheme - Case Study

Mrs Jones applied for a Green Loan and received £2,000 to help improve her heating system. "My old heating system wasn't efficient and during the winter months it made my home uncomfortable. I was unable to afford the improvements that were required so I got in touch with my Energy Efficiency Advice Centre who recommended a Green Loan. The rates are affordable and it meant that I was able to improve my heating in time for the cold months ahead. I couldn't believe how easy it was. Thank you!"

Typical Example - If you borrow £2,000 over 3 years, you pay back £2,391.43 ( 12.7% APR), that's only £391.43 in interest charges.

If you use the money to instal loft insulation and a new condensing boiler, you could save over £400 in fuel bills in two years.

(This case study is taken from the Heart of England Green Loan Scheme leaflet)

To work out how the repayments could work out on your own Green Loan go to the Loan Calculator on our Loans page.