Home Renovation: Smart E-Loan

Smart E-Loan: Home Renovation Reimagined

A Smart-E Loan offers no money down, low-interest financing to existing homeowners, including low- to moderate-income and credit-challenged borrowers, for a wide range of sustainable home improvement projects.

Financing Details

✓ Loans up to $50,000

✓ 5 – 20 year terms available

✓ Unsecured, personal loan for eligible home energy improvements

Minimum Qualifications

✓ Must be located in selected Indiana counties

✓ Must have a minimum credit score of 580

✓ Must be a 1 – 4-unit owner-occupied residential property

Long-Term Financing

Whether you’re looking to improve the comfort of your home, lower energy costs, or increase your home’s value, a Smart-E Loan makes it easy. Standard terms for single upgrades include no money down, fixed rates, and no pre-payment penalties.

Loan Term**

5 Years

7 Years

10 Years

12 – 20 Years

Max. Rate (APR)*

6.99%

7.49%

7.99%

*All rates herein are expressed as an Annual Percentage Rate (APR). A $20,000 loan at 7.49% for 12 years will have a monthly payment of $237.30.

**15 and 20 year terms available. Lender participation varies. Offered rates, terms, programs, and underwriting policies are subject to change without notice.

Eligible Home Improvements

Over 40 home improvement projects that reduce energy use and lower utility bill costs may qualify.

✓ Energy-efficient HVAC
✓ Lighting and electrical
✓ Insulation
✓ Roofing, windows, doors
✓ Renewable energy
✓ Water efficiency, septic and sewer improvements