LEHIGH VALLEY, Pa. — AFC First Financial Corp. has announced its National EnergyLoan® program, which the company said is specifically designed as a simple, low monthly payment financing alternative for energy efficiency home improvements such as HVAC system upgrades. It is now available in all 50 states through a network of 5,000 approved contractors who have been vetted for financial stability and ethical business practices.
AFC First’s EnergyLoan provides simple interest financing with terms of up to 10 years for amounts from $1,000 to $25,000, resulting in lower monthly payments than are typically available from banks or other types of unsecured home improvement financing, said the company. As opposed to credit cards, EnergyLoan is a true fixed rate simple interest loan. The monthly payment and interest rate can never change, no lien is filed on the home, and there is no penalty for pre-payment. EnergyLoan financing can be used for most types of systems installed by an approved contractor including heat pumps.
AFC First Financial Corp. is a national leader in energy efficiency and renewable energy lending and programs. AFC First administers Pennsylvania’s Keystone HELP® as well as other energy lending programs including the Illinois On Bill Finance Program, Efficiency Maine Financing, Greater Cincinnati Energy Alliance, Richmond Regional Energy Alliance, Connecticut Solar Lease and Kentucky Home Performance as well as its multi-state FHA PowerSaver loan program through a network of over 5,000 approved contractors, manufacturers, and utilities.
For more information on AFC First’s National EnergyLoan® program, visit www.energyloan.net.
Publication date: 1/13/2014