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Planet-Wise™ Home Renovation.

When it comes to updates that improve the comfort, efficiency, and affordability of your home, we’ve got you covered.

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Planet-Wise™ Home Renovation Loans

Make renovations your climate action.

Borrow

With three options

Best part

Get preferred rates for choosing the planet

Book an appointment

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.

What Planet-Wise means for your wallet.

Competitive and preferential rates

Enjoy a low interest rate. Borrow from Vancity Prime +0.5% to +3.0%1 when making qualifying renovations.

Vancity Prime Rate: 5.95%2
As at 2024-10-24

Increase resale value

House hunters know that an energy-efficient home often means smaller bills, and improvements that are designed to last.

Member perks

Exclusive to Vancity members, get a rebate up to $400 for EnerGuide Home Evaluations3 and free tailored home-energy advice from City Green.

Qualifying upgrades and renovations.

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:

Energy efficient exteriors

  • Improving insulation
  • Installing new windows and doors
  • Increasing air tightness to reduce drafts

Low carbon heating and cooling

  • Heat pumps for space heating and cooling, and for hot water

Renewable energy

  • Solar panels
  • Geothermal systems

Appliances, power and water

  • Energy management devices like smart home thermostats
  • ENERGY STAR® appliances
  • Energy efficient lighting
  • Low-flow showers and toilets
  • For EV charging stations and other vehicles, see our Planet-Wise Transportation Loan

Not sure what your home needs?

Get a complimentary consultation with a City Green energy expert (value $175+).

Can’t find your upgrade on the list? Talk to us.

Planet-Wise borrowing options.

Term loan

Creditline

Creditline mortgage (HELOC)

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

Make it happen.

Here’s what applying for a Planet-Wise Home Renovation lending is like.

Talk to us

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.

Get advice on the three options

Tell us how much you’ll need, when you need it, and we’ll be able to find the best option for you quickly.

Provide application documents

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)

Get started

Explore other loans.

Planet-Wise Transportation Loan

Loans for electric vehicles that drive us towards a better planet.

Learn more

Line of credit

A smart choice when you don’t need all of the money at once or an emergency fund.

Learn more
See all loans

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.

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Vancity is proud to operate on the traditional territories of the Coast Salish and Kwakwaka’wakw peoples, and we are committed to Reconciliation as a core value.

© Vancouver City Savings Credit Union