Minnesota Valley has loans available to qualified members for weatherization, installation of electric heating or cooling equipment and wiring upgrades.
Loan Funds can be used for the purchase and labor on installation of any type of electric heating system or central air conditioner from Minnesota Valley or the contractor of your choice. You can borrow up to $15,000 at 5% interest for a maximum of 7 years for this purpose.
- Secured loans $500-$5,000- 3 years
- Secured loans $5,001-$10,000- 5 years
- Secured loans $10,001-$15,000 – 7 years
Water Heater Loan Program
Unsecured loans for electric water heaters will have a $50 loan origination fee assessed, prior to being approved. If interested in taking advantage of our 0% loans on electric water heaters, fill out and send in the Water Heater Purchase Agreement. Be sure to include a check for the loan origination fee.
- Unsecured loans $500-$2,000- 1 year term