EnerBank Announces Additional Triple Option Loan Terms For Home Renovation Contractors To Offer To Their Customers

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SALT LAKE CITY – (COMMERCIAL THREAD) – EnerBank USA®, the national consumer lender that helps strategic business partners and independent home improvement contractors increase sales, recently announced four new triple-option loan terms for contractors to offer to homeowners who install solar panels and expect to receive significant tax incentives, rebates and / or other payments. The new loan comes with additional options with 12- or 18-month default periods and three principal and interest repayments over the life of the loan, giving homeowners ultimate flexibility in how they want to pay their bills. projects.

The conditions and rates for additional loans are as follows:

No payment period

APR

term of the loan

12- / 18-Months

4.99%

12 years

12- / 18-Months

4.99%

20 years

12- / 18-Months

4.99%

15 years old

12- / 18-Months

5.99%

15 years old

During the 12 or 18 month non-payment period, customers are not required to make any payments on the loan. If the entire principal is repaid before the expiration of the non-payment period, all accrued interest is canceled. After the non-payment period, the loan is amortized, followed by two more amortization events each May of subsequent years. This allows homeowners to have the option of applying discounts, bonuses or tax refunds to reduce the amount of their monthly loan payment.

“When solar entrepreneurs offer the triple option loan, it’s a win-win situation for the entrepreneur and the owner,” said Charlie Knadler, President and CEO of EnerBank. “Due to the popularity of our original triple-option loan terms and feedback from our clients, we have extended our terms to provide even more flexibility. ”

For more information on the new Triple Option Loan or to learn more about EnerBank, visit us today at enerbank.com/contractors.

About EnerBank USA, America’s Lender of Choice for Home Improvement

EnerBank USA® is the nation’s largest home improvement lender, providing unsecured home improvement loans through strategic business partners and independent home improvement contractors. We are FDIC insured and work hand in hand with manufacturers, distributors, franchisors and major retailers of home improvement, renovation and energy saving products and services. Our mission is to grow entrepreneurial businesses by increasing leads, close sales rates, average job size and referrals, while helping homeowners realize their home improvement dreams. We also make receiving loan approvals and funding applications quick and easy with our mobile loan app. We are the home improvement lender of choice in the United States. Learn more at enerbank.com.


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