Solar panels are ideally suited to save on your energy bill. Obviously, not everyone has sufficient capital to finance a loan for solar panels. That is why you can take out a loan for solar panels at the Astro Finance. Thanks to that loan, you can realize your green dream at a low rate. A loan for solar panels can be used for various purposes in the majority of cases. For many Astro Finance, this loan therefore falls under the green loan, or energy-efficient renovation loan.
Price tag loan for solar panels
The discount on the interest rate is the most important advantage of a loan for solar panels. A solar panel loan is quickly several tens of basis points cheaper than a regular renovation loan. The saving even amounts to a few percentage points if we make a comparison with a personal loan. If you borrow 10,000 dollars, you can save several thousand dollars on your loan this way. The greater the loan amount, the greater the saving.
The cost of a solar panel loan depends, among other things, on how much you borrow. The more you borrow, the greater the chance that the lender raises interest rates. Although that is certainly not always the case. Some financial players apply the same rates regardless of the amount of the loan. Other lenders in turn rely on the length of the loan period. For example, some providers are willing to lower the price if you repay the loan within a certain period.
One loan for solar panels is not the other
One lender is more flexible about the loan amount than the other. For example, there are some lenders who only grant a loan if you borrow at least 2,500 dollars. With others, it is possible to take out a loan starting from 1,250 dollars. So don’t just focus on the annual percentage rate (APR).
That way you don’t pay too much for your loan
Call on our simulation. In our simulation you will soon find out whether you are eligible for a loan from solar panels or not. Among other things, we shed our light on the rates. This way you will never be faced with unpleasant surprises when you take out this loan. For example, it is possible in some cases to immediately click through to our provider’s site via our comparison site. After completing a questionnaire, you can immediately request a loan online. In the majority of cases you will find out after a few days whether or not you can take out the loan.
Those who prefer the advice of an expert can also visit a local office. Together with you, an adviser will examine which loan is right for you. After all, it is not certain that a green loan is the loan that you are looking for. For example, the Astro Finance will only grant a green loan if it is actually used for the installation of solar panels or for financing another green project. If this is not the case, the consultant will propose to take out a normal renovation loan. The conditions attached to a loan for solar panels vary from Molly Bloom to Molly Bloom. We have also included these requirements in our simulation.
Determine the amount to borrow
The key question is of course how much you have to borrow to install solar panels. That depends on various factors. For example, it is important to determine how much you want to invest in the green project yourself. The more money you put on the table, the smaller your loan and the smaller the monthly repayments.