• Up to £10,000 available
    • Improvement or renewable funding
    • 0% Interest
    • 1-5yrs repayment terms
    • No early repayment Fees
    • See our FAQ below


Ready to go? Click on the button below, complete the short form and we’ll send you an information and application pack

Do you have any questions? Call 01686 626234 or enter your details below and we’ll call you back during office hours.

    Interest Free Loans for Home Improvements in Mid Wales

    At 0% APR, the cost of a loan for repairs, improvements or renewables could never be cheaper! Working with Powys council, we are helping householders and landlords make home life more comfortable, fuel bills more affordable and improvements more attainable.

    Our loans are easy to apply for and we can help you at any stage during the process if you need it. Get in touch today to see how you could apply for a 0% APR loan.

    • 1. Get in Touch

      Fill out the form at the top of this page.

    • 2. Submit a Loan Request

      Your application will be reviewed for approval.

    • 3. Application Approved

      The money will be paid into your bank account.

    • 4. Improve your Home!

      Repay the loan over flexible payment terms.

    Frequently Asked Questions

    How does the Zero Interest Loan Fund scheme work?

    The ZILF uses funds that have been invested in Robert Owen Community Banking by Powys County Council and the Welsh Government. Robert Owen Community Banking administers the funds, in association with the local credit union network.

    How much can I borrow?

    You can borrow up to £5000.00 interest free, per installation over a maximum period of 60 months. You may apply for more than one installation per property on renewable energy installations and/or one home repair or improvement to make your home safer, more secure or more habitable.

    Some biomass installations may qualify for up to £10,000.00 dependent on their size and at the loan assessors’ discretion. (Please call us on 01686 626234 for clarification).

    Home Improvements included in the fund.

    Welsh Government fund the home improvement and repairs side of the fund, with works including (but not limited to):

        • Double glazing
        • Damp problems
        • Disabled access
        • New radiators

    Please contact us to find out whether or not the fund will cover the works required at your home.

    What if I need more finance than I can get through ZILF?

    You can apply for an additional loan through your credit union if you need to add to your ZILF loan.
    For example, a biomass installation might cost £14,000 and you only have £3000 in savings. You might then be able to borrow £10,000 out of the ZILF fund, and £1,000 through a new credit union account.

    Your personal credit union loan would be charged at a commercial rate of interest, although this would still be very good value.

    If this is the case, let us know and we will put you in contact with your local credit union about a potential further loan. (Always shop around when looking for finance, for the best rates available.)

    Is the loan secured against my property?

    Powys County Council will take out a land charge over your property in order to secure the loan.

    If I sell my home do I have to repay my ZILF Loan?

    Yes. You will normally be expected to pay up in full out of the proceedings of any sale.

    Am I eligible for a Zero Interest Loan?

    If you can answer yes to all the questions below, then you may be eligible to apply for a ZILF loan:

        • Is the property you intend to have the installation on situated in Powys?
        • Are the rates charged on that property paid to Powys County Council?
        • Are you the legal owner or co-owner of that property?
        • Does the property already have a minimum level of insulation?
        • Is your installer MCS or HETAS accredited (required on some installation types)?

    What's The Process to Apply?

    Before applying you must first get a quote from a MCS or HETAS accredited installer.

    Contact us to request an application pack, you’ll need to get some documents such as proof of income and bank statements together, then you will have up to four weeks to return your application to us. Our partners at the local credit union will assist with the assessment.

    It takes up to 14 working days for us to then send you a loan offer. You have a ten day “cooling off” period after we’ve received your signed loan agreement, just in case you change your mind.

    What if I take out a ZILF loan but then run into difficulties?

    Robert Owen Community Banking is a responsible lender. We will work with you to ensure that any loan you take out is affordable to you.

    If you get a loan and your circumstances change, we will look at how we can reschedule your loan to help you. This would be free of charge.

    What if I refuse to repay my Loan?

    The money that you will be borrowing originates from public funds. Where loans are persistently in default, we will take legal proceedings to ensure that all outstanding monies are returned.

    Home Improvement Loan

     Borrow up to £10,000

    Fixed 0% APR

    1 – 5 Year Repayment

    No Early Repayment Fee

    Home Improvement Funding