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Green Home
Improvements loan
SEAI Approved home upgrades
Member First Credit Union offers our lowest rate for Green Loans. Invest in upgrading your home via SEAI-approved contractors and enjoy a great-value green home renovation loan with us.
Promotional Interest Rate of
5.75%
Borrow from
€10K-€75K
Spread repayments over
10 years
Loan Calculator
We plant a tree for every Green Loan!
Partnering with Cloudforests as Cool Partner #056 we plant trees and support the maintenance of their forests around Ireland.
repayment Sample
for your MFCU Green Home Improvements Loan
| Loan Amount | €25,000 | €40,000 |
| Loan Duration (APR) | 10 years (5.9%) | 10 years (5.9%) |
| Monthly Repayments | €274.42 | €439.08 |
| Total Repayment | €32,930.77 | €52,689.23 |
HOw to apply
Apply online
Apply Online
To apply online, you firstly need to login to your MFCU account on our website or mobile app.
It is important to note that your account must have fully up-to-date proof of address and ID before applying for an end-to-end loan.
Loan Documents
Loan Documents
As part of this process you will need to upload documentation to support your application, please ensure you have your proof of ID and some recent payslips ready before continuing.
You must decide your preferred terms of the loan such as payment frequency and loan period before uploading relevant documents.
Loan Decision
Loan Decision
An MFCU loans officer will contact you by phone in regards to the application. If approved, you will then have to sign your credit agreement on your online account.
Funds Drawdown
Funds Drawdown
Once the credit agreement is signed, the loan funds will be transferred straight into your bank account.
How to qualify
for an MFCU Green Loan
You must be a registered MFCU member to apply for a loan with us. We welcome any new members that live, work or study within our common bond to join our North Dublin credit union today.
Benefits of
mfcu loans
Online loans
Apply for a loan from the comfort of your home.
Reduced interest
Pay less overtime as your balance decreases.
Online Top Up
Quick Loan top up with the MFCU mobile app or desktop.
Full support
We’re always here to help. Call us or use Live Chat.
Loan protection
Built in insurance in case on extreme circumstances.
T&C apply.
THE Loan Zone
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Green Home Improvements FAQ’s
How much do I need to borrow to be able to avail of the Green Home Renovation Loan rate?
You can borrow anything between €10,000 and €75,000.
What is the interest rate?
The rate is 5.75% (5.9% APR), currently our lowest rate offering.
Can I avail of this rate to do renovations on any property?
This rate is only available for members who are completing home energy upgrades to their principal private residence such as insulation, window and door upgrades/replacements, renewable energy systems like heat pumps or solar panels, boiler upgrades and so on.
Do I have to spend the entire loan amount on these energy upgrades?
At least 75% of the loan funds must be used for these upgrades, the remainder can be used for decorating, overrun of costs for example.
How will MFCU know I am completing works to my home that are green?
Prior to loan drawdown you will need to provide a quotation of works which has been provided to you by an SEAI registered contractor.
Will I need to provide any further information once I drawdown my loan?
To keep the rate, members will need to have the following:
- A payment made directly to a registered contractor at drawdown stage.
- If not paid directly, proof of completed works certificate from the contractor must be provided 8 weeks from loan drawdown.
What happens if I don’t provide satisfactory documents?
The rate will change to 7.99% after 8 weeks if documents have not been received or a cheque was not made payable to the contractor.
Are there any other benefits relating to the Green Home Renovation rate?
For every green loan MFCU issue, MFCU will plant a new tree in one of our community gardens.
we’re here to help
Ask us a question
Online tutorials
Give us a call
Click here for Green Home Renovation Loan Terms and Conditions.
Lending criteria, terms and conditions apply.
Member First Credit Union is regulated by the Central Bank of Ireland.
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.