HEAT Loans | East Cambridge Savings Bank | ECSB.com

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An East Cambridge Savings Bank Heat Loan is an energy efficiency loan that allows home owners to make improvements that significantly reduce the costs associated with both heating and cooling.


  • 0% APR* | View terms
  • Loans up to $25K
  • Terms up to 7 years


Steps to achieving energy efficiency in your home:

  1. Own a one-to-four family residence.

  2. Obtain a free Mass Save Home Energy Assessment by calling 1.866.527.7283. Visit www.masssave.com for more information.

  3. Install qualified energy efficiency upgrades recommended by a Mass Save energy specialist.



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*The APR is effective as of and applies to 1-4 Family Owner Occupied and Non-Owner Occupied Dwellings. Minimum loan amount for Non-Owner Occupied Dwelling is $5,000.

  • Borrower must have received an "energy efficiency review" from a HEAT energy auditor with a recommendation for improvements and an estimate. If you have not, please apply for an East Cambridge Savings Bank Home Improvement loan.
  • Subject property must be located in Arlington, Belmont, Cambridge, Chelsea, Everett, Lexington, Malden, Medford, Newton, Revere, Saugus, Somerville, Waltham, Watertown and Winchester MA.
  • East Cambridge Savings Bank policy allows for no more than one HEAT loan per customer.
  • Closing must take place at an East Cambridge Savings Bank Banking Center.
  • Loan request must be in the name of a natural person and not a Trust or LLC.
  • Required documentation for HEAT loans: HEAT Intake Form (issued through MassSave); HEAT Authorization Form (issued through MassSave); Pay stubs representing one consecutive month for all applicants; Current Federal Tax returns (all pages, W2s & schedules) if self-employed; Copy of current mortgage statement or bill; Copy of current real estate tax bill; Copy of property deed.
  • Payment example: $25,000 loan amount, 0% Annual Percentage Rate (APR), 84 monthly payments of $297.62.
  • Other restrictions may apply.

    For more information, please call our Customer Service Center at 1.866.354.ECSB (3272).
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