This time we are dealing with the Ulster Bank green loans……

This is what they have to say on the matter.

There’s never been a better time to improve the Energy efficiency of your home. Grants are available under the Home Energy Saving Scheme and the Greener Homes Scheme from Sustainable Energy Ireland 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 Home Energy Saving scheme or the Greener 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 €215.15 €318.72 €424.96
APR Fixed 11.1% 10.5% 10.5%
Total Cost of Credit €2,909.00 €4,123.20 €5,497.60
Total Amount Repayable €12,909.00 €19,123.20 €25,497.60

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 26th February 2010 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 Home Energy Saving scheme or Greener 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 Sustainable Energy Ireland, visit http://www.sei.ie.

Personal loans are not available for business or mortgage purposes – other lending restrictions may apply. Security may be required.