• Up to £20,000 available
    • Improvement or renewable funding
    • 0% Interest
    • 1-5yrs repayment terms
    • No early repayment fees
    • Set-up fees apply
    • 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 Monmouthshire

    At 0% APR, the cost of a loan for repairs, improvements or renewables could never be cheaper! Working with Monmouthshire 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 scheme uses funds that have been invested in Robert Owen Community Banking by Monmouthshire Council and the Welsh Government.

    How much can I borrow?

    You can borrow up to £20,000.00 interest free over a maximum period of 60 months. You may apply for renewable energy installations and/or home repairs or improvements to make your home safer, more secure or more habitable.

    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.

    Are there any conditions to the loan?

    We will take out a Title Deed Restriction on your property for the duration of the loan. A Title Deed Restriction is an entry on the title deed which prevents you from selling the property, transferring the equity, gifting or getting a new mortgage until the loan funds are repaid.

    If I sell my home do I have to repay my 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 loan:

        • Is the property you intend to have the installation on situated in Monmouthshire?
        • Are the rates charged on that property paid to Monmouthshire Council?
        • Are you the legal owner or co-owner of that property?

    What's The Process to Apply?

    Contact us to request an application pack. You will need to complete an application form, complete an affordability check through our partners at Plend and provide a consumer facing credit report. This will allow us to provide a decision in principle. Assuming your application is approved in principle we will request final documentation such as proof of ID and quotes. This will allow us to make a final decision and issue loan agreement paperwork.

    You have a 14 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 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