Green home improvement loan

Thinking of upgrading your homes energy efficiency? Introducing solar energy? A Green home improvement loan with Bank of Ireland could help you on your way. (Please be aware that the Green Home Improvement loan cannot be applied for online)

Green home improvement loan

Improving your home’s energy efficiency can make it warmer, reduce your energy bills and may make it more attractive to future buyers or tenants.

There are already grants available to help make the changes you need more affordable when you improve your home’s Building Energy Rating (BER). You can find details on the Sustainable Energy Authority’s website. 1

If you are undertaking work on your home to improve its energy efficiency, you may be able to avail of our Green home improvement loan offering our lowest available variable rate home improvement loan.

Key Features:

  • Variable rate of 6.50% APR2
  • Amounts from €2,000 – €65,000
  • Loan terms from 1 to 7 years
  • Flexible repayment options – clear your loan early and pay less interest
  • Option to defer first 3 months’ repayments 3
  • No need to hold any savings against your loan
  • Work being undertaken must include one of the below to qualify for a Green home improvement loan:
    • Renewable Energy Upgrade (e.g. solar panels)
    • Attic/Floor/Wall Insulation
    • Pipe Insulation
    • Sustainable water/heating systems
    • Boiler Upgrade
    • Installation of energy efficient controls in the home
    • Door/Window Replacement
    • Deep retrofit (e.g. as part of the SEAI Deep Retrofit grant)
  • Proof of work being undertaken will be required.

For terms and conditions click here

Call our loans team

Existing and new customers can call us Mon – Fri 8am – 8pm; Sat 10am – 2pm

WARNING: IF YOU DO NOT MEET THE REPAYMENTS ON YOUR LOAN, YOUR ACCOUNT WILL GO INTO ARREARS. THIS MAY AFFECT YOUR CREDIT RATING, WHICH MAY LIMIT YOUR ABILITY TO ACCESS CREDIT IN THE FUTURE.
WARNING: THE COST OF YOUR MONTHLY REPAYMENTS MAY INCREASE.
1 Bank of Ireland is not responsible for the information on third party websites
2 APR stands for Annual Percentage Rate. Lending criteria terms and conditions apply. Over 18s only and not suitable for students. *Only available over the phone. Only available to customers undertaking energy efficiency work on their home. Proof of work being undertaken will be required. The repayments on a Ggreen home improvement loan of €20,000 over 5 years are €389.15 per month based on a variable rate of 6.5% APR. The total cost of credit is €3,349.00. Variable rates are correct as at 17th July 2019 and are subject to change.
3 By deferring your repayments at the start of your agreement you will pay more interest over the loan term than if you started to make repayments from the outset.