Borrow
With three options
Best part
Get preferred rates for choosing the planet
Renovating your home in a way that’s more environmentally friendly is a win-win-win-win: you can save money, your home gets upgraded, you help the planet, and we have loans available to help.
This loan is one of the ways we aim to make net-zero banking possible.
Enjoy a low interest rate. Borrow from Vancity Prime +0.5% to +3.0%1 when making qualifying renovations.
Vancity Prime Rate: 6.70%2
As at 2024-07-30
House hunters know that an energy-efficient home often means smaller bills, and improvements that are designed to last.
Exclusive to Vancity members, get a rebate up to $400 for EnerGuide Home Evaluations3 and free tailored home-energy advice from City Green.
When it comes to updates that improve the comfort, efficiency, and affordability of your home, we’ve got you covered. Use Planet-Wise Renovation Loans for:
Get a complimentary consultation with a City Green energy expert (value $175+).
Can’t find your upgrade on the list? Talk to us.
Is this for me?
I’ll be purchasing things all, or mostly, at once, and want a scheduled payment plan.
I won’t need all the money at once. I only want to pay interest on what I use, as I use it.
I want to use my home’s equity to borrow at a lower interest rate.
Loan length
Up to 15 years
Open-ended
Open-ended
Minimum
$3,500
$5000
$25,000
Maximum
$50,0004
Depends on what you qualify for.4
Depends on what you qualify for, up to 65% of your home’s equity.5
Rate
Vancity Prime2 + 0.75%1
Vancity Prime2 + 3.0%1
Vancity Prime2 + 0.50%1
Insurance available
Here’s what applying for a Planet-Wise Home Renovation lending is like.
Book an appointment with our lending experts to get advice and have all your questions answered. Let us know what renovations you plan on doing.
Tell us how much you’ll need, when you need it, and we’ll be able to find the best option for you quickly.
Once your lending expert finds the right solution for you, they’ll put together the application and handle the rest.
See document checklists for:
Term loan or Creditline
Creditline Mortgage (HELOC)
View legal details
¹ The annual percentage rate(APR) is compounded monthly, not in advance, APR assumes no fees or charges apply. If additional fees and/or charges apply, the total Cost of Credit and APR would increase. This product, its features and advertised interest rates may change at any time and may be withdrawn by Vancity at any time for any reason without prior notice to the member.
² The Vancity Prime rate represents a variable rate of interest announced by Vancity from time to time as its Prime Lending Rate. Rate subject to change without notice.
³ Eligible to Vancity members with current Vancity mortgage product or Planet-Wise Renovation Loan. Rebates include $150 rebate on pre-upgrade EnerGuide home evaluation, and $250 rebate on post-upgrade EnerGuide home evaluation. See EnerGuide Home Evaluations for full details.
⁴ Applicants must meet all Vancity's lending criteria. Certain conditions and restrictions apply.
⁵ All applicants must meet Vancity's lending criteria. Minimum equity in your home is required to qualify. Available on residential properties only. Some conditions and restrictions apply.