The Home Energy Upgrade Loan Scheme aims to encourage residential energy efficiency upgrades, making finance more accessible and works more affordable for homeowners.

The scheme supports energy efficiency and renewable energy upgrades where works are also being grant-aided by the Sustainable Energy Authority of Ireland (SEAI).

The Home Energy Upgrade Loan scheme is established and offered by the Strategic Banking Corporation of Ireland (SBCI) and benefits from a guarantee that has been provided by the European Investment Fund (EIF) and European Investment Bank (EIB) and supported by the Department of Environment, Climate and Communications (DECC).

What sort of things can you borrow for?

This loan is designed for upgrading the energy efficiency of residential properties in the Republic of Ireland.

  • You need to use at least 75% of the loan for energy efficiency purposes, for example insulation of walls and attic, heat pumps and solar thermal panels.

Here’s what you need to know

  • Borrow between €5,000 and €75,000 per property. Each borrower can apply for up to 3 properties up to a maximum of €225,000 in total.
  • Loan term from one year to 10 years (depending on amount).
  • Flexible monthly repayments – choose a date that suits you to repay your loan.
  • No security required.
  • Loans will be available up to 31 December 2026 or until the scheme is fully subscribed.

3 hour online loan approval

The three-hour decision applies to fully completed, new personal loan applications processed between 9:00 and 17:00, Monday to Friday excluding bank holidays. It applies to AIB Standard Personal loans from €1,000 - €30,000 and one to five year terms and SBCI Home Energy Upgrade Loan Scheme from €5,000 - €75,000. Excludes applications to restructure or clear existing AIB credit facilities; applications referred to lender for review; from customers in financial difficulty; for student and green personal loans.

Key tips for the application journey


What other documents do I need?

 

Customer Type Loan Size Employment Income Verification Documents Required Tax Documents(Where required provide 1 of the below documents)
  Bank Statements Salary Slips Contract/Letter of Employment Notice of Assessment (NOA)
Balancing Statement (e/online certs)
UK Tax Returns; OR
Accountant’s written confirmation of income OR
Up to date financial statements/accounts
Tax Clearance Certificate Paid Notice of Assessment Letter from Accountant
Existing Customer Less than €40,000 Payee Only Not Required Not Required
PAYE with other Non PAYE Income Not Required
Self-Employed Not Required Not Required
More than €40,000 Payee Only Not Required Not Required
PAYE with other Non PAYE Income
Self-Employed Not Required
New Customer Less than €40,000 Payee Only Not Required Not Required
PAYE with other Non PAYE Income Not Required
Self-Employed Not Required Not Required
More than €40,000 Payee Only Not Required Not Required
PAYE with other Non PAYE Income
Self-Employed Not Required

 

Depending on whether you have applied with us before you may be asked to provide confirmation of your PPS number we recommend that you have this somewhere easily accessible as either an e-copy or a hard copy before starting the journey, a full list of the acceptable documents can be found here.

We may ask for more documents while processing your application.

How to apply

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Step 1 – You have to carry out the assessment of your house with one of the following service providers:

If the energy efficiency of the property  is expected to improve by minimum of 20% through the upgrade, when compared to its existing Building Energy Rating, then you can apply for funding under the scheme. In addition, the proposed upgrade works costs, net of the SEAI grant amount, must be at least 75% of the financing provided under the loan.

You must undertake the upgrade under one of the following SEAI grant programmes:

  • National Home Energy Upgrade Scheme
  • Better Energy Homes Scheme
  • Community Energy Grant Scheme

Please note – You must utilise one of the above mentioned service providers to carry out the energy efficiency upgrade works.

Step 2 – If already a customer with us, you can apply through our mobile app. If you’re making a joint application or you’re not a customer with us, you can call us so we can talk you through the process. In any case, see how much you can borrow using our calculator.

Applying on the AIB Mobile App? Here is what you will need to do:

  1. Log into the app
  2. .Select ‘Products'
  3. Tap ‘Borrow’
  4.  Select the SBCI Home Energy Upgrade Loan Scheme
  5.  To complete your application you will need to upload your Home Energy Summary Report during the journey, additionally you may be asked to upload some supporting documentation depending on how long you have been with the bank and your employment status
  6. Submit your application

Please contact our team if you are not a customer with us, if you are applying with someone else, or if you need help on 0818 724 725. You will need a Home Energy Summary Report to apply for the Home Energy Upgrade Loan Scheme.

Please note – Approval of finance is subject to AIB’ lending criteria, policies and procedures.

More Information About the SBCI Home Energy Upgrade Loan Scheme

Regulatory Information

Lending criteria, terms and conditions apply. SBCI Home Energy Upgrade Loans are only available to over 18s. Subject to approval. Security may be required.

The three-hour decision applies to fully completed, new personal loan applications processed between 9:00 and 17:00, Monday to Friday excluding bank holidays. It applies to AIB Standard Personal loans from €1,000 - €30,000 and one to five year terms and SBCI Home Energy Upgrade Loan Scheme from €5,000 - €75,000. Excludes applications to restructure or clear existing AIB credit facilities; applications referred to lender for review; from customers in financial difficulty; for student and green personal loans.

WARNING: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.

 

Data Protection Notification

It is important to be aware that AIB is obliged to share personal information about successful applicants with the SBCI and this information will also be shared with EU Bodies and State Bodies. This will be done with regard to obligations under data protection legislation. You can read our Data Protection – Use of Information Notice by visiting our website or contact us directly for more information on how we use your information.

Application data will be shared with the SBCI, the European Investment Fund, the European Investment Bank, the Department of Environment, Climate and Communications and the Sustainable Energy Authority of Ireland on completed loans and on a periodic basis thereafter who all act as independent data controllers. It may also be provided on an ad hoc basis under certain circumstances. The SBCI (as controller) and the NTMA (as processor) may process personal data in accordance with applicable data protection legislation and for the purposes set out in the SBCI Data Protection Statement which is available here.

The SBCI may contact you using the primary email address, telephone number and/or postal address which you provided during the application process in order to verify your eligibility under the Home Energy Upgrade Loan Scheme.

For more information and guidelines on how the European Investment Fund handles the personal data of Borrowers and applicants of credit as an independent data controller, please refer to the EIF Data Protection Statement Processing of Final Recipients’ Personal Data here.

For more information and guidelines on how the European Investment Bank handles the personal data of Borrowers and applicants of credit, please refer to the EIB privacy statement here.

For more information and guidelines on how the Department of Environment, Climate an Communications handles the personal data of Borrowers and applicants of credit, please refer to the  privacy statement on their website here.

For more information and guidelines on how the Sustainable Energy Authority of Ireland handles personal data, please refer to the privacy statement on their website here.

You also need to be aware that you will need to keep and be able to produce all documents relating to the SBCI Home Energy Upgrade Loan Scheme for a period of 7 years from the end of your loan.

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