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Finance Vendor Details

Point Loma Credit Union's Solar Loan
Lender: Point Loma Credit Union
Contact Information
Website: https://www.plcu.com/loans/solar-loans
Phone: (888) 495-3400
Email: greenloans@plcu.com
Property Types
Program Description
Point Loma Credit Union's Solar Loan provides unsecured financing for residential property owners wanting to install water saving, energy efficiency or renewable energy projects on their properties.
Verified by Lender on: 10/18/2016
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Types of Financing
Unsecured
Financing & Payment Information
Term (years):
12
Minimum Amount:
$1
Maximum Amount:
$50,000
Fees:
None
Money Down Required:
No
Repayment Method:
Off-bill loan (Direct to Lender)
Payment Frequency:
Monthly
Pre-Payment Penalty:
No
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Other Program Requirements
Financing Approval Time
Within 24 hours - Preliminary
Equity in Property Needed
No

Financial Products

Lien type Unsecured loan
Re-Payment Method Off-bill loan (Direct to Lender)
Property Types
Automatic payment option available Yes
Requires utility incentive program participation No
Must use Program's pre-approved contractors No
One-time fees (% of total financing)
One-time fees (fixed)
Ongoing fees
Financing Amount $1 - $50,000
Financing Term (yrs.) 12 year(s)
Rate 5.49 - 8.99%
Money Down Required? No
Credit Enhancement Available No
Transferrable No
Prepayment Penalty or Fee No
Tax Deductibility No
Minimum Credit Score Required
Equity in Property Required No
Debt to Income Ratio Required Yes
Involuntary Property Liens Allowed Yes
Foreclosures Allowed
Bankruptcies Allowed
Mortgage Lender Consent/ Acknowledgement No
Must be current on property taxes Yes
Must be current on mortgage Yes
Loan to value
Debt Service Coverage Ratio No
Financing Approval Time Within 24 hours - Preliminary
Projected Energy Savings/Cash Flow is considered No
Must be current on utility bill No

Upgrades Covered

No Results

FAQ's

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