Salford Credit union launches new HELP scheme.
Home Energy Loan Plan
Our new green loan can be used for home improvements that help towards making a positive impact on the environment. A green loan enables you to do this while also saving money on your energy bills!
For some examples of what this can cover, please see below. However if you have something else in mind, please apply and it will be considered.
There are several benefits that come from retrofitting your home, for homeowners as well as the environment. Retrofitting can help to improve the energy efficiency of homes, reduce your fuel bills and create comfortable, even temperatures all year round as well as helping to eliminate draughts.
What can the green loan be used for?
Solar Panels
Heat Pumps
Double Glazing
Insulation
Any other energy efficient home improvement*
Requirements
Only available to homeowners, recent mortgage statement will be required.
Subject to a credit check and income / expenditure form.
A copy of a retrofit contract must be provided
We can arrange to pay the retrofitter directly if possible.
Green products and services*
According to the European Commission, green products and services should help save energy, be free of toxic compounds, be made of recycled or reused materials, be durable and easily repaired and minimise environmental impact during a product’s entire life cycle.
Terms of Lending
All approved loans are subject to Terms and Conditions. Current Terms of lending can be found here.
How we use credit refrencing information
Credit Reference and Fraud Prevention Agencies
We may make searches about you at credit reference agencies who will supply us with credit information as well as information from the Electoral Register. The agencies will record details of any search whether or not this application proceeds. We may use credit scoring methods to assist the application and to verify your identity. Credit searches and other information which is provided to us and/or the credit reference agencies about you and anyone with whom you are linked financially or other members of your household.
This information may also be used for debt tracing and the prevention of money laundering as well as the management of your account. In addition, we may ask you to provide physical forms of identification and/or we may telephone you to confirm you identity.
To prevent or detect fraud or to assist in verifying your identify we may make searches of group records and at fraud prevention agencies who will supply us with information. We may also pass information to financial and other organisation involved in fraud prevention to protect ourselves and our customers from theft and fraud. If you give us false or inaccurate information, details will be passed to fraud protection agencies.
This information may also be used for tracing and claims assessments and verifying identify. Information held about you by the credit reference agencies may already be linked to records relating to anyone with whom you have a financial relationship such as a joint account.
