Energy Loans
Energy Loan Special: Only 5.00% APR* for All Borrowers!
Winter’s on the way – plan ahead and apply today! Whether you need to purchase fuel or a new furnace, pay it back in affordable monthly installments with an OTIS Energy Loan!
*Annual Percentage Rate. Promotional rate runs from October 21 – November 29, 2024. Offer is subject to change without notice. Term may vary. Credit approval required. Member eligibility required. Federally Insured by NCUA. Equal Housing Lender.
Want to lock in a great rate by pre-purchasing your heating oil? Would new doors, windows, or siding boost your home’s energy efficiency? Have you been thinking about supplementing your home heating this winter with a new wood or pellet stove? OTIS can help!
We now offer Energy Loans to our members at competitive rates year-round, which can be used to purchase fuel, oil furnaces, windows, siding with weather wrap, wood or pellet stoves, wood or pellet furnaces, new interior and/or exterior doors, heat pumps, solar panels, and geothermal heating systems.
Loan terms and interest rates vary depending on credit score.
Benefits of an Energy Loan
- Make home energy expenses and improvements more affordable.
- Help you to save money by boosting your home’s energy efficiency and subsequently reducing your utility bills.
- Enhance the comfort of your home.
- Increase the value of your home via energy-related upgrades.
Join Us & Experience the OTIS Advantage
If you live, work, worship, or attend school in Androscoggin, Cumberland, Franklin, Kennebec, Lincoln, Oxford, Sagadahoc, Somerset, or York County, you are eligible to become a member of OTIS FCU.
Immediate family members, regardless of geographic location, are also eligible for membership. We look forward to meeting you!