Cambridge Energy Alliance

We are accepting applications for unsecured energy efficiency residential loans for owners of 1-6 family owner-occupied properties that have obtained a cost estimate for energy improvements through the Cambridge Energy Alliance. Available to qualified borrowers only.

How Do I Apply For a Loan?

• Submitting an application-you have five choices:

1. Apply online.
2. Stop by any of our branches and meet with a Customer Service Representative.
3. Contact our Customer Service Department at 800-354-3272.
4. Fax your application to 617-551-2582.
5. Contact Tricia Rizzo 617-551-2453 in the Lending Department for an application or to apply via the telephone.

• Required documentation:

1. Copy of cost estimate from Conservation Services Group representative.
2. Completed application, either written or online.
3. Copies of 1 month of pay stubs for all income listed on the application.
4. Other documentation as required.

• Loan closing:

1. Upon receipt and review of all required documents and verification by ECSB of the applicant’s qualification for the credit requested, ECSB will authorize the loan to close.
2. Borrower to schedule closing with contractor and ECSB.
3. Loan proceeds will be made payable jointly to both contractor and the borrowers.

Special Features of the Unsecured Energy Efficiency Loan

• Loans range from $1,000 up to $25,000.
• There are no fees or closing costs.
• The program provides you with fixed monthly payments.
• For borrowers with an existing ECSB mortgage on the dwelling to be improved, the rate will be 1% over the borrower’s existing mortgage rate at the time this loan closed or the special program rate whichever is less.
• Your project may benefit from reduced interest rates offered through the Heat Loan Program. Your Conservation Services Group representative will determine which portions of your project qualify.

Other

Secured loan options may also be available to qualified borrowers. Please access our website at ecsb.com or contact Tricia Rizzo at 617-551-2453. All rates and terms are subject to change.