Personal unsecured loans of $1,000 to $30,000 at fixed APR not to exceed 7%
Extended loan terms of one year per $1,000 up to $4,999; customer can pick term up to 10 years for loans $5,000 and higher (e.g., sample monthly payment for 3-year, $3,000 loan at 7% APR is $93; a 7-year, $6,000 loan at 7% APR is $91)
Loans for home improvements such as: new windows and doors; new furnace, boiler or heat pump; new appliances such as washing machines, refrigerators or ceiling fans
Easy and Affordable:
Web and phone-based loan application system with quick decisions (within minutes) to facilitate "dinner table" sales
Low rates with affordable monthly payments; click here to see estimated monthly payments for Michigan Saves loans
No home equity required (unsecured loans).
Available for owner-occupied, single-family (1 - 4 unit) homes
Qualifying energy efficiency improvements must be recommended by a comprehensive, whole-home energy assessment conducted by a certified auditor, or selected from a list of Qualified Home Improvements
Call us to help you identify qualifying improvements and initiate the loan application process.