And it's that flexibility that has made EFS the nation's leader in energy efficiency financing. Loan approval is simple and fast. Applicants are asked to complete a short credit application and a credit report is acquired from a national credit reporting agency. Loan terms vary from three to ten years. No down payment is required, although the homeowner may provide an initial payment if they wish.
Interest rates are competitive .
Rates are revised periodically based on market conditions and can change as frequently as weekly. EFS provides all up-front capital. Loans are unsecured consumer loans, not second mortgages. Prepayment of the loan, either in full or in part, is allowed at any time without penalty. There are no fees or charges for loan application or origination, no points at closing.