Citizens Bank announced the Energy Efficiency Loan. This loan, which is available year-round, is an unsecured home improvement loan that offers low-to-moderate income homeowners reduced rates on funds they can use to weatherize their home to conserve energy and save money.
Examples of energy-efficient home improvement projects include: adding insulation, installing storm windows and doors and upgrading a furnace or home heating/cooling systems to a more energy-efficient unit.
In order to receive the loan, a borrower must own and occupy a 1-4 family home or condo where the improvements will be made. The income of the borrower cannot exceed 80 percent of Connecticut’s median income or the home must be located in a CRA designated area. The fixed rate, simple interest loan is available for $1,000 to $10,000 and will need to be paid within 12 and 84 months of applying.
|
|
|
| Users' Comments |
|
Average user rating
|
|
Add your comment
|
