Mass Save HEAT
OUR NEW HEAT LOAN – SAVE MONEY, ENERGY COSTS, ENHANCE YOUR HOME’S VALUE
You can save money, reduce your primary residence’s energy costs and enhance the value of your home with a Mass Save HEAT Loan we are now offering at 0% interest. Mass Save is a consortium of regional energy utilities and providers. Visit the Mass Save website for more details on the program – www.masssave.com. Here’s how to start:
First contact Mass Save at 866-527-7283 to schedule a Home Energy AssessmenT with an authorized Mass Save vendor, who will assess your current home energy use and needs, and provide you with a custom list of recommended ways to improve energy efficiency, and other details about the HEAT loan.
Then contact CTFCU 617-492-3212 for pre-approval. You can decide which energy efficiency improvements you will make, such as:
• attic, wall, or basement insulation
• high efficiency heating system
• high efficiency domestic hot water system
• solar hot water systems
• Energy Star windows
• Energy Star thermostats.
FEATURES
• Loans from $500 to $15,000.
• Terms up to 84 months with no prepayment penalty
• Members pay no inters (0% APR*)
BENEFITS
• Reduced home energy costs
• Lower fuel consumption
• Environmentally friendly
HEAT Loan Amount Term APR* Cost per $1,000 Borrowed
$500. - $2,000. Up to 24 months 0.0% $41.67
$2,001.- $15,000. Up to 84 months 0.0% $11.91
*APR – Annual Percentage Rate. For example, a loan of $15,000 with a term of 84 months at APR 0.0% has an approximate monthly payment of $178.58. A $2,000 loan with a term of 24 months has an approximate monthly payment of $83.34. These loans may be unsecured or secured by primary residence.