| Loan type |
Unsecured, personal loan |
| Eligible improvements |
Energy-saving improvements pre-qualified by Michigan Saves or those recommended by a whole-home energy assessment |
| Loan amounts |
$1,000–$20,000 |
| Loan term |
$1000 - $4,999: Term is 1 year for every $1,000
$5,000 and up: Terms are flexible up to 10 years (e.g., sample monthly payment for 7-year, $6,000 loan at 7% APR is $90.56) |
| Loan rates |
Fixed APR not to exceed 7% |
| Eligible properties |
Owner-occupied, single-family (1–4 unit) homes (primary or secondary residence) |
* Maximum loan amount is $12,500 for some lenders. Ask a Michigan Saves participating lender for details. |