Would you like to help the environment or reduce your carbon footprint? If you’re thinking about borrowing for a sustainable purpose, you can do so through our Green Loan. We offer a 1% APR discount on this product compared to our Member Loan.

All loans are subject to affordability and our lending criteria.


✓ All applicants must be aged 18 or over and a UK or Isle of Man resident.
✓ Only members of the Credit Union can obtain a loan (you can apply for membership within your loan application if necessary).
✓ You must be planning to use the funds for a purchase or project which has a positive environmental or sustainable impact.


What you can use the Green Loan for

Eligible purchases:

  • Double/triple glazing windows
  • Window or door upgrades
  • Solar panels
  • Solar/heat pumps
  • Insulation for walls/floors/attics
  • Electric transport including cars, bikes, or scooters (new or used)
  • Hybrid cars (new or used)
  • Electric car charging point
  • LED lighting
  • Boiler upgrades or pipe insulation
  • Rainwater harvesting equipment
  • Ventilation system

You will be required to provide proof of your planned sustainable purchase/project during the application. This could consist of a quote/estimate or a proof of purchase, such as an invoice and will allow you to benefit from the discounted interest rate.

Interest Rates for the Green Loan 

Amount borrowedAPR
Under £4,99911.89% APR
£5,000 – £35,0006.9% APR

Key Product Information

Loan terms and conditions can be found here and should be read prior to application.

Interest charging informationInterest rate is fixed for the life of the loan. Interest accrues daily and is charged on a monthly basis.
Repayment informationYou can repay your loan by payroll deduction or Direct Debit.
Repayment periodThe maximum loan term is 96 months on borrowing up to £14,999. The maximum loan term on borrowing between £15,000 and £35,000 is 120 months. This loan must be repaid by your 70th birthday.
Amount of loan availableYou can borrow up to £35,000 maximum across all unsecured lending with us.
Application/ Arrangement FeeNo application or arrangement fees apply.
Missed Payment FeesNone. Missed payments can have a negative impact on your credit file.
Default FeesNone.
Other FeesNone.
Early settlementYou can repay the loan at any time fully or partially without charge.


Download key documents here

Green Loan Terms and Conditions

General Loan Terms and Conditions

Green Loan

per month
- - -
- - - %
- - - per month
- - - months

- - -
- - -

You’re covered with Life Protection

Life Protection is included with all our loans and covers you up until your 70th birthday. This does not cost you anything, it is simply another benefit of borrowing from the Credit Union and has been created purely to help our members.

Loans are protected up to a maximum of £40,000 per member. This means your loan would be cleared, ensuring your debt does not remain outstanding, subject to our terms and conditions.

All benefits are paid at the discretion of our Board of Directors. Life Protection is not an insurance policy and is not guaranteed. For more information please click here.

Additional Borrowing

If you have an existing loan with us and want to borrow extra, there are two options available. Click here to see more information.


Need help?

If you are experiencing financial difficulty, or are struggling to repay your loan with us, please contact us as soon as possible and a member of our team will be able to assist you.