Green Loan - Overview
There's never been a better time to improve the energy efficiency of your home. Grants are available under the Better Energy Homes Scheme which is part of the Better Energy Programme from the Sustainable Energy Authority of Ireland (SEAI) towards the cost of certain work to improve the energy efficiency of your home and the purchase of renewable energy heating systems.
Now Ulster Bank is offering discounted personal loans from 10.5% APR Fixed* for energy efficient home improvements and the purchase of renewable energy heating systems. If you have been approved for a grant under the Better Energy Homes Scheme, you can avail of a discount of 1.4% off our standard personal loan fixed rates.
| Green Loan - Fixed Monthly Repayments Over 5 Years | |||
|---|---|---|---|
| Loan Amount | €10,000 | €15,000 | €20,000 |
| Monthly Repayment | €220.22 | €318.79 | €425.06 |
| Interest Rate Fixed | 11.53 | 9.99% | 9.99% |
| APR Fixed | 12.2% | 10.5% | 10.5% |
| Total Cost of Credit | €3,213.20 | €4,127.40 | €5,503.60 |
| Total Amount Repayable | €13,213.20 | €19,127.40 | €25,503.60 |
Representative example: €7,000 over 5 years at 11.99% fixed, 12.7% representative APR (fixed), with 60 monthly repayments of €155.78. Total amount repayable €9,346.80. The total cost of credit (i.e. total amount repayable less the amount of the loan) is €2,346.80
The figures above are for illustration purposes only. Repayments may vary slightly according to the date that the loan is drawn down and the date of your monthly repayment but remain fixed for the term of the loan. Rates and repayments are correct as at 7th February 2011 and are subject to change
Green Loans are available from any Ulster Bank branch. Call in and talk to us today.
You must present your Better Energy Homes Scheme grant approval in your local Ulster Bank branch before drawing down a discounted home improvement loan. To find out more about the grants available from the Sustainable Energy Authority of Ireland (SEAI), visit www.seai.ie.
Personal loans are not available for business or mortgage purposes.
