Energy Loans

 

MCCU offers Energy Loans with preferred interest rates in conjunction with the Energy Upgrade California™ in Los Angeles program.

 

The program offers property owners utility incentives and preferred financing options on eligible residential energy efficiency and solar projects. To learn more about program details and available incentives, visit the Energy Upgrade California in Los Angeles website.

 

Available MCCU Loans include:

 

Unsecured** Energy Loan

• Rate of 2.00% APR* for a limited time (regularly 6.99% APR) for up to five years and 8.99% APR for up to 10 years*

• Loan amounts from $2,500-$20,000
• Approval within one business day

 

Secured Energy Loan

• Rate of 4.99% APR for five years, 5.99% APR for ten years, and 6.99% APR for 15 years*
• No cost loan
• Up to 80% LTV
• Loan amounts from $15,000-$50,000

 

How to apply for an MCCU Energy Loan

Before you apply for an MCCU Energy Loan, you must first register with Energy Upgrade California in Los Angeles (Click to register). Once you have registered, you can apply online through our InstaLoan online application.

 

 

* APR=Annual Percentage Rate. Rates are subject to change at any time. Must meet credit and income criteria. Membership required. Equal opportunity lender. For secured energy loan, please contact our loan department at (818) 993-6328.

 

** Lender may require a lien to be placed against the subject property.