Green Choice Home and Vehicle Loans



As a Certified B Corporation, we are committed to providing product and service options that help our customers achieve their own environmental goals.


OMISTA’s Green Choice Loan Program is good for the environment and good for your wallet.

The OMISTA Green Choice Home Loan* rewards you for making your home environmentally efficient. Improve the place you call home through environmentally friendly upgrades with a discounted loan rate.

The OMISTA Green Choice Vehicle Loan* rewards you for choosing a mode of transportation that’s better for our environment, including eligible vehicles, scooters and bikes1. We support your choice to lower your carbon impact when on the road with a discounted loan rate.

Green Choice Home Loan Expand/Collapse


The OMISTA Green Choice Home Loan* is a personal loan at a rate of prime +1%1 for up to 5 years. The low interest rate saves you money compared to a conventional loan. You can borrow as little as $5000 up to a maximum of $50 000, then pay it back through flexible payment options.
  • Interest rate at prime + 1%1
  • No application fees
  • No penalty for extra payments or early repayment
  • Make extra payments any time, in any amount, and as often as you want
  • Term of 1 to 5 years
  • Minimum loan amount $5000 to maximum of $50 000
To qualify, you need to make energy efficient upgrades to your home. If you are unsure of what those changes should be, we recommend the use of a Certified Energy Advisor who will provide you with a report showing the best ways to reduce your footprint and energy use.

Reduce your environmental footprint through the following energy efficient upgrades to your home:
  • Insulation upgrades
  • Solar equipment
  • Geothermal energy
  • Heat pumps/mini splits
  • ENERGY STAR® windows and/or doors
  • ENERGY STAR® appliances
  • Heat recovery ventilation systems
Reduce your energy demands, reduce your carbon footprint and save! The savings you gain from these changes can be used to help pay down your loan. Contact your branch or email us at info@OMISTA.com to learn more.

* OAC. Term and conditions apply. 1Rate based on a minimum loan of $5000 for a five-year term. Rates subject to change without notice. OMISTA Prime is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by OMISTA Credit Union. The interest rate on your loan will change whenever OMISTA Prime varies.

Green Choice Vehicle Loan Expand/Collapse


The OMISTA Green Choice Vehicle Loan* is a personal loan at a rate of prime +0.5%1 for new vehicles or prime +1%1 for used vehicles, for up to 7 years. The low interest rate saves you money compared to a conventional loan. You can borrow as little as $3500, then pay it back through flexible payment options.
  • Interest rate at prime + 0.5%1 (new vehicle) or prime +1%1(used)
  • No application fees
  • No penalty for extra payments or early repayment
  • Make extra payments any time, in any amount, and as often as you want
  • Terms of up to 7 years*
  • Minimum loan amount $3500
To qualify, your new mode of transportation must have a CO2 emission rating of 165g/km or lower. If you are unsure of the rating of your potential purchase, you may consult the our list of eligible vehicles. Scooters and bikes are also eligible.

Reduce your carbon emissions through the purchase of the following environmentally friendly transportation choices:
  • Purchase of a new or used low emission vehicle with a CO2 emission rating of 165g/km or lower (list of eligible vehicles)
  • Purchase of electric bike, motorized bike, or scooter (with motor under 50cc)
  • Purchase of  non-motorized bicycle (retail invoice of $3500+)1
Reduce your energy demands, reduce your carbon footprint and save! The savings you gain from these changes can be used to help pay down your loan. Contact your branch or email us at info@OMISTA.com to learn more.


* OAC. Term and conditions apply. 1Rate based on a minimum loan of $3500, 84-month maximum loan term. Rates subject to change without notice. OMISTA Prime is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by OMISTA Credit Union. The interest rate on your loan will change whenever OMISTA Prime varies.
 

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