Whether you’re looking to make your home warmer, increase your Building Energy Rating (BER), reduce your energy bills or contribute to a greener environment - we have a lower rate loan option that could suit you.
We’ve partnered with the Strategic Banking Corporation of Ireland (SBCI) to bring you the SBCI Home Energy Upgrade Loan Scheme.
Loans issued under the scheme are covered by a guarantee underwritten by the European Investment Fund (EIF). In the event that a customer defaults on the loan up to 80% of the value can be recovered by PTSB. A guarantee fee is incorporated into the overall interest rate collected by PTSB.
Take some time to review all the information below to ensure you have all the necessary details before starting your application with us.
Our new Home Upgrade Tool can support you in planning your home energy upgrades, to improve the overall energy efficiency of your home.
This scheme is open to new and existing PTSB customers undertaking home energy upgrades using a Sustainable Energy Authority of Ireland (SEAI) registered One Stop Shop or Community Project Co-ordinator.
The first step to confirm your eligibility, is to confirm that your home and improvement plans fit the eligibility criteria. The loan is for private homeowners in Ireland (including rental properties). Mixed-Use Property, Short-Term Lettings and Holiday Homes do not qualify.
The loan must be used for the purposes of upgrading the energy efficiency and de-carbonisation of the home, this means:
If you think you meet the above criteria then the next step is to engage with an SEAI registered One Stop Shop or Community Project Co-ordinator before applying for the loan. Find out how to apply.
Applications that do not meet the SBCI Eligibility criteria will be identified prior to submission and will not proceed.
Your chosen SEAI registered One Stop Shop or Community Project Co-ordinator may have to visit your home and perform a detailed assessment*. During the home assessment your upgrade options along with grant details and costs will be determined and documented in a one page Home Energy Summary Report.
Qualifying works include: Insulation (cavity, internal walls, external walls and attics), heating controls, heat pumps and solar thermal panels.
Solar photovoltaic (PV) installations are not eligible as an individual measure but are eligible when installed as part of a deep retrofit by a SEAI registered One Stop Shop or Community Project Co-ordinator.
*There is a cost associated with having an assessment of your property. These costs still apply whether the loan is approved or declined. The one page Home Energy Summary Report is not a guarantee of credit approval and does not oblige the bank to provide finance. Approval of loans is subject to PTSB’s own credit criteria, policies and procedures. Information on arranging a Home Energy Assessment and the costs involved.
The scheme benefits from a government funded interest rate subsidy of 2% which has been applied by PTSB and allows for a lower overall interest rate to be charged than other unsecured loan products.
The SBCI Home Energy Upgrade Loan Scheme offers a lower rate option for upgrading the energy efficiency of your home. The rate of your loan depends on the amount you borrow. View our range of rates.
Monthly repayments (€898.20) are based on a 5-year variable interest rate of 2.99% (APR 3.00%). Total cost of credit is €3,892.60, total amount payable over a 5 year period is €53,892.60. This example is for illustration purposes only..
Contact an SEAI registered One Stop Shop or Community Project Co-ordinator to plan your home energy upgrade. They will, advise on the options for energy upgrades that are suitable for your home, give guidance on what financial supports are available, including SEAI grants and the Home Energy Upgrade Loan Scheme, and, provide a Home Energy Summary Report for qualifying energy upgrades. You will need this document to apply for the loan.
You will need a valid Building Energy Rating (BER) on your home. A One Stop Shop or Community Project Co-ordinator can tell you if your planned works are expected to improve the BER by a minimum of 20%, which is required for the loan. Check the BER register to see if there is a valid BER on your home.
At the time of the loan, you must be proposing to spend 75% of the loan amount on energy upgrades (the cost of the energy upgrades under qualifying SEAI grant schemes, net of the SEAI grant amount).
Start your application online today. Before you start, you will need to provide:
It is only at this stage that we will make a decision on your credit application. Lending criteria, terms and conditions apply.
Book an appointment to attend a branch, or give us a call on 081 883 7412 or 01 212 4027 (from abroad). Lines are open Monday to Friday, from 9am to 5pm (excluding public holidays).
The Home Energy Upgrade Loan Scheme is established and offered by the Strategic Banking Corporation of Ireland (SBCI) and benefits from a guarantee provided by the European Investment Fund (EIF) and the European Investment Bank (EIB), with support from the Department of Climate, Energy and the Environment (DCEE).
Lending and eligibility criteria, terms and conditions apply. Over 18s only. Permanent TSB plc trading as PTSB is regulated by the Central Bank of Ireland.
