Example for a loan with a term of 4 years, i.e. 48 instalments
Every month you pay back €G231.02
No application fee, there are no hidden costs!
Total cost of loan: €G112.88
When you replace your old oil boiler, with a heat or biomass pump, you avoid sending 6.164 Tons of CO2 per year into the atmosphere.
You therefore receive a credit of €G244 on your CO2 Account. Thanks to these €G, the total cost of the loan is €G112.88 corresponding to an APR of 0.54%!
Details of the formula: 48 months x €G 231.02 - 4 years x €G 244 - €G 10,000 borrowed = €G 112.88. You borrow €G 10,000, and repay €G 10,112.88, i.e. an APR of 0.54%.
Approximately € 500 in savings compared to a conventional loan
If you borrow €10,000 at a rate of 3% from your bank (the average rate found by banks), the cost of the loan is €620, i.e. €507 more than the loan in €G.
When the new carbon-free heating pays the interest, it's cheaper!
Get an immediate response
With just a few clicks, you are only one step away from replacing your oil-fired boiler. You are a climate hero! Bravo .Making my application!
Frequently Asked Questions (FAQ)
Because it's cheaper! Your CO2 savings pay for the interest on the loan. It's unbeatable.
And by circulating this €G currency, you are contributing to the fight against climate change. It is a strong commitment.
You make your request on our website, and we will give you an answer in principle on the website immediately. If this answer is favourable, you will deposit the necessary documents on the site.
If the application is accepted, the funds will be paid out according to your loan: either directly to the installer of your new heating system for the 'old boilers' loan, or credited directly to your CO2 Account, for a personal loan.
The €G loan is a loan like any other. It is only the currency that changes. You count in €G instead of in euros. So every month you have to pay back €G according to your loan contract, and make sure that your CO2 account is in credit.
If the CO2 Account is not your main account, you will need to make an automatic transfer from your main account so that your CO2 Account is in credit.
The duration will depend on the type of loan. For the loan to replace old oil-fired boilers, it is a one-off loan repayable in 48 monthly instalments, i.e. in 4 years.
For other loans, it is you who defines the duration of the loan according to the monthly payments you want to repay.
Depending on the type of loan chosen, you will either receive the funds in your CO2 Account, or they will be paid directly to the seller of the equipment financed.
No. But it is highly recommended, and we have developed with our partner Gavin a really cheap and collaborative insurance.