Green personal loans

A lower rate for going green

Our new green personal loan offers you a lower rate when you borrow for something green, such as solar panels, energy-efficient heating controls or plug-in hybrid vehicles. This loan is part of our pledge to do more to help our customers move to a low-carbon economy. 

Here’s what you need to know

Borrow between €3,000 and €30,000, when you apply through the WB app. You will need to spend 50% or more of the money on a green initiative (see the list below). 

This loan is offered with a lower rate of 6.40% APR (Annual Percentage Rate).

Loan terms up to five years.

Set your own repayment schedule: weekly, fortnightly or monthly.

There are no penalties if you ever decide to make an extra repayment or repay your loan earlier than planned.

It may take longer than three hours to get a decision on a green personal loan, bearing in mind the documents you need to provide to confirm 50% or more will be spent on going green.

What sort of thing can you borrow for?


Wall, attic and floor insulation


Window and door upgrades or replacements


Ventilation systems


Renewable energy systems, including heat pumps and solar panels


Sustainable water systems


Boiler upgrades and pipe insulation


Installation of energy efficient heating controls


Battery electric or plug-in hybrid electric vehicles and home charger units

A lower rate for going green

When you apply for this loan please apply through the Woohoo Bank app. You will be asked to include evidence of your purchase, which should be at least 50% green, by uploading a quote or invoice within your application.

Our interest rates are some of the most competitive and consistent on the market and this is our lowest personal loan rate at 6.25% and 6.40% APR (Annual Percentage Rate). Our rates are variable. If your rate changes, your repayment amounts stay the same. So, if the rate rises during the loan term, you will have to make extra payments at the end of the term, and if the rate falls, you might pay off your loan sooner.

Green Loans are not available to joint account customers* or to top up existing loans, car hire purchases or finance agreements.

*Joint account customers can apply via telephone from early Summer 2021.

Woohoo Bank Green Personal Loan is only available to existing WB customers.

Note that green loans are not available to top up existing loans, car hire purchases or finance agreements.

A representative example for you:

A typical €10,000 five-year green loan with a variable interest rate of 6.25% and 6.40% APR (Annual Percentage Rate), where the interest rate and APR does not vary during the term, has 60 monthly instalments of €194.41 and the total cost of credit (the total amount repayable less the amount of the loan) is €1,664.60.



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 in the future.