Green Loans
5.9% APR | Borrow £7,500 to £35,000
Want to make energy efficient updates to your property or upgrade to a greener electric vehicle?
Go Green
Our Green Loan is designed to assist members in upgrading to an energy-efficient electric vehicle and making modifications to their property, such as installing solar panels, acquiring an energy efficient boiler or installing new windows.
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The loan assessment process for this product is the same as other unsecured lending undertaken by ETA i.e. by completing a full affordability assessment, credit searches and subject to our lending criteria.
The potential cost saving from the sustainable initiative will not be considered as part of the affordability assessment.
Members are required to provide proof of purchase or a quote/estimate that have been issued by a legitimate business or trader.
Qualifying products and services
Our Green Loans are earmarked for the funding of projects that benefit the environment and promote sustainable development. This loan enables ETA and its members to work towards meeting the Government’s Net Zero targets by assisting members in financing green initiatives.
Please note: currently not available for Business Loans.
- Insulation
- Double/triple glazing windows
- Solar Panels
- Switching to renewable energy
- Heat pumps
- Home ventilation system
- New or second hand hybrid cars
- New or second hand electric cars
- Purchase and installation of a charging station
- New or second hand electric bike
- New or second hand electric scooter
- LED lighting
- Rain water tanks/harvesting equipment
- Boiler upgrades
Eligible?
Anyone who lives or works in Scotland’s North East, Central, East and Borders regions, employed by one of our Employer Partners, a member of Community Trade Union, or bona fide organisation (Scottish Football Club season ticket holders and Scottish Golf members) can apply for a loan with us. Read more
All loans are subject to affordability and our lending criteria.
Get your money quickly
It takes just 5 minutes to apply and have the money the same day (if loan is approved before 3pm).
Free loan protection insurance*
We offer free loan protection for peace of mind. In the event of your death, your loan will be paid off in full. *terms and conditions apply
Repay early without penalties
You’re in control and can repay your loan early whenever you like.
Apply now:
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Existing Members:
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- Note: During the duration of your loan repayment, we lock in any current savings against your loan as security. This helps us with our initial assessment and loan liability but also continues our ethos of maintaining savings and having a pot of money available to you at the end of your loan. Members will be unable to withdraw shares which are held as security against unsecured borrowing unless in an emergency situation. In the event you require accessible savings, we offer a second share account to allow you to save and access your money whilst you have a loan.
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Good to know
Learn more about how loans work.
As a member you can submit a loan application at any time. There is no membership qualifying period for our loans and loans are not linked to the amount you have saved with us (with the exception of our Loyalty Advance Loan).
Yes! You can submit a loan application online and become a member at the same time. You’re also welcome to give our Member Enquiry Line a call on [phone_no] and one of our advisors can explain more about EuroTrust Credit Access and borrowing from us.
No, we do not have any set up fees or administration charges for our loans (excluding mortgages).
Yes, you can repay your loan in full at any time without penalty. You can also make additional deposits to reduce the value of your outstanding loan at any time – again without penalty. The interest on your loan is calculated daily on your reducing loan balance and so as your loan balance decreases, the amount of interest due also decreases.
Most people repay by direct debit. If you work for one of our select partner employers, your loan repayments will be made directly from your wages or salary each pay day via payroll deduction. Additional payments can be made by debit card or cheque deposit.
You can apply to borrow as much or as little as you need. Our maximum unsecured loan is £35,000 and the minimum amount £50. All loan decisions are based on your income, expenditure and your ability to repay.
An added benefit of membership, aimed at providing peace of mind for you and your loved ones, the credit union provides a free loan protection insurance for members up until their 70th birthday. This could see your loan paid off in the event of your death. Further information on the insurance and the current level of cover provided can be found here.
We do not front load interest at the start of your loan. Instead, interest on EuroTrust Credit Access loans is calculated on a daily reducing balance basis. As a result, with each repayment you make, the interest which has accrued since your last repayment is cleared and your loan balance reduces. Interest will then be calculated on the reduced balance. As your loan progresses, your outstanding loan balance will continue to reduce and you will therefore pay less interest. We believe this to be the fairest way to charge interest.
At EuroTrust Credit Access we have duty of care to our members when it comes to lending. We give every loan application we receive careful consideration and make a decision based on the income, expenditure and overall ability to repay the loan. We have a duty to each loan applicant to ensure that any loan approved, does not result in them facing financial difficulties and a struggle with repayments. If we reject an application, this will be following an assessment of the application by our personal lending team. A loan refusal simply means that on this occasion we feel unable to offer the amount of loan that has been requested. In some circumstances, we may offer a reduced amount.
Our loan terms and conditions can be found here
