FINANCE

Canada Greener Homes Loan

The Canada Greener Homes Loan offers interest-free financing to help Canadians make their homes more energy efficient and comfortable.

The loan can help you finance eligible retrofits that are recommended by an energy advisor and that have not yet been started.

IMPORTANT: You should not start any retrofit work before your loan application has been submitted. Any retrofits started before submitting your loan application are ineligible.

Loan details

Maximum: $40,000
Minimum: $5,000
Repayment term: 10 years, interest-free
Loan type: Unsecured personal loan on approved credit

A maximum of one loan is available per eligible property and homeowner.

The maximum eligible loan amount is calculated based on the retrofits selected in the application and the quotes for this work. The eligible amount is capped based on industry standards and market norms. The maximum eligible loan amount may be less than your quoted cost, in which case you will be responsible for funding any difference.

Once approved, a portion of the loan can be delivered up front to assist in paying any deposits required by your contractor. The balance of the loan will be delivered after the retrofits have been completed and verified through a post-retrofit evaluation.

You cannot apply for a loan for the following:

work that has already been started or completed
retrofits that were not recommended in your pre-retrofit evaluation
retrofits that are not included in your application (that is, you must not add additional retrofits to your loan application after it has been approved)
retrofits that are not eligible for a Canada Greener Homes Grant

Eligibility

All loan applicants

There are some eligibility requirements to meet before applying for the loan:

You must be a Canadian citizen, permanent resident, or non-permanent resident who is legally authorized to work in Canada
You must own the home and it must be your primary residence
You have a pre-retrofit evaluation and have not yet had a post-retrofit evaluation
Your pre-retrofit evaluation was completed on or after April 1, 2020
You have not started the retrofits for which you are seeking a loan
You have a good credit history and are not in:
- a consumer proposal
- an orderly payment of debt program
- a bankruptcy or equivalent insolvency proceeding

Commercial Lease-to-own

Westport Leasing has been helping businesses upgrade to new machinery for more than twenty years. Their affordable payment plans are a cost-effective way to add equipment that will help you generate higher revenues and reduce expenses. With Westport’s programs, the new equipment pays for itself and your business will profit more quickly. Westport’s services are a quick and easy way to overcome budget restrictions. Here are some additional features and advantages:

Convenient Application Process
Liberal Acceptance Criteria
Fast Approval Response
Flexible & Creative Repayment Options
Possible Tax Advantages
No application fees or other upfront charges
Preserves working capital and existing credit lines
12-60 Month plans
Funding for any amount from $5,000 to over $1,000,000
Friendly Personalized Service
Committed to Ethical Lending Practices

To check out the estimated monthly payments for the system that might best meet your needs, click on the link below.

http://www.westportleasing.com/Estimate_Payments.html

If the financial rewards to be gained by adding a new system are greater than the cost of the monthly payment, you’ll want to put this to work for you as soon as possible. Fortunately, Westport’s application process is quick and easy. Simply click on the link below to download an application form or complete one online. One of Westport’s customer service professionals will be in touch to answer any questions and guide you through the process. http://www.westportleasing.com/CreditAppDeb.pdf