Simplify Your Home Heating Upgrade with an Easy Online Loan Application
Are you ready to upgrade your home with energy-efficient heating equipment? Central Electric Cooperative, Inc. offers a convenient online loan application to help you finance electric Energy Star heating equipment installation on your property. Here’s why this is the perfect solution for you:
Why Choose Our Loan?
- Affordable Rates: Enjoy a competitive Annual Percentage Rate (APR) of just 5%.
- Flexible Terms: Choose from loan durations of 36, 48, 60, or 84 months to fit your budget.
- No Prepayment Penalty: Pay off your loan early without any extra charges.
Easy Monthly Payments
- First Payment Date: Start your monthly payments on the 15th of each month.
- Convenient Repayment: Settle your loan easily through your electric bill.
Additional Benefits
- No Penalty for Early Repayment: Unpaid balance can be paid in full early without penalties, and unearned finance charges won’t be applied.
- Manage Delinquency: If a payment is missed, the entire loan amount becomes due, with additional financing charges at an APR of 12% on overdue amounts until paid.
Eligibility & Requirements
- Active Central Electric Cooperative Members are eligible.
- Requires:
- Signed promissory note
- 20% down payment required
- Financing available for 80% of total cost
- Bank draft or automated payments required
- Collateral: Mortgage filed on property where the equipment is installed
How to Apply
Applying is simple! Visit our online application portal, provide the necessary details, and get started on your home heating upgrade today. With Central Electric Cooperative, you’ll enjoy a streamlined process, competitive rates, and the peace of mind that comes with using energy-efficient solutions.
Don’t wait—upgrade your home heating system now and start saving on energy costs with Central Electric Cooperative’s online loan application.