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Finance Vendor Details

EnergyLoan by Renew Financial
Lender: Renew Financial
Contact Information
Phone: (888) 232-3477
Property Types
Program Description
EnergyLoan by Renew Financial provides simple interest, fixed-rate loans for eligible homeowners to upgrade their properties with Energy Star products and other energy-related improvements. Homeowners are not required to have equity in their home in order to qualify for financing and there is no penalty for pre-payment of the loan.
Verified by Lender on: 7/17/2017
The data provided is for informational purposes only. For actual loan terms specific to borrowers, contact the lender directly.
Types of Financing
Financing & Payment Information
Term (years):
1 - 10
Minimum Amount:
Maximum Amount:
Money Down Required:
Repayment Method:
Off-bill loan (Direct to Lender)
Payment Frequency:
Pre-Payment Penalty:
Allowable Projects
Funds Energy Efficiency projects
Funds Water Efficiency projects
Funds Renewable Energy projects
Funds Demand Response projects
Funds other energy projects
Funds other energy-related projects
Funds other non-energy projects
Other Program Requirements
Must be program-approved
Financing Approval Time
24-48 hours
Equity in Property Needed

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 Yes
One-time fees (% of total financing) No
One-time fees (fixed) No
Ongoing fees No
Financing Amount $1,000 - $25,000
Financing Term (yrs.) 1 - 10 year(s)
Rate 12.99 - 12.99%
Money Down Required? No
Credit Enhancement Available No
Transferrable No
Prepayment Penalty or Fee No
Tax Deductibility No
Minimum Credit Score Required Yes: 640
Equity in Property Required No
Debt to Income Ratio Required Yes
Involuntary Property Liens Allowed No
Foreclosures Allowed Yes: Yes (occurred more than 7 years ago)
Bankruptcies Allowed Yes: Yes (occurred more than 7 years ago)
Mortgage Lender Consent/ Acknowledgement No
Must be current on property taxes Yes
Must be current on mortgage Yes
Loan to value Yes: 0%
Debt Service Coverage Ratio No
Financing Approval Time 24-48 hours
Projected Energy Savings/Cash Flow is considered No
Must be current on utility bill No

Upgrades Covered

No Results


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