Member Loan Program

Plug into Savings with Blachly-Lane’s Member Loan Program

Use Blachly-Lane’s zero-and-low-interest loans for HVAC systems, appliances, electric vehicles and charging stations, and all energy efficiency measures, such as weatherization. In addition, members can also use this financing to assist with costs for a whole house backup generator that is professionally and properly installed. Members with 12 months of good credit are eligible.

Zero Interest Loan

Zero-interest loans with up to $500 limit, six months to pay, and no interest. Automatic billing of the loan payment is added to your electric account.

Prime + 2% Financing

Prime + 2% interest loans with up to $3,000 limit and 36 months to pay. Automatic billing of the loan payment is added to your electric account.

Take advantage of the loan program to make your home more comfortable while you bring your monthly electric payment down.

Energy Efficiency Loan Application & Promissory Note

Step 1 of 4

Contact Information
Consumer Name*
First Last
Blachly-Lane Account Number*
Service Location Address*
Street Address Address Line 2 City State ZIP Code
Phone*
Email*

Loan Details
Type of Loan
- 0% Interest Loan (up to $500; up to 6 months to pay)
- Prime + 2% Loan ($500 to $3,000; up to 36 months to pay)
The loan is for the following item (s) purchased or energy efficiency measure(s) installed:
1.
Amount
2.
Amount
3.
Amount
4.
Amount

Notice to Borrowers
Notice to Borrowers Required by Federal Law, Federal Reserve Regulation Z - Truth in Lending Disclosures
1. Principal & Interest Charges
Amount Financed
Finance Charges
Total of Payments (A & B)
Annual Percentage Rate
Minimum Monthly Payment
2. Number of Payments - If monthly payments are paid in the minimum amount required on the respective due date, there will be this number of total payments. Variation in the amount or dates of payment may result in a larger or smaller number of payments over the term of the loan. The borrower may, at their option, make prepayments of the principal thereof with no penalty for early pay-off.
3. Collection Costs: If you default in your obligations and suit is brought to collect your debt, you will be liable for not only the loan balance but also for reasonable costs and expenses of any collection and attorney fees.

Member Consent*
I hereby verify the above information to be true and complete and agree to the terms and conditions. I understand that by typing my full name and pressing the Submit button, this form submission will be stamped with today’s date and authorized by me as if I had signed my signature.
The undersigned hereby acknowledges the foregoing disclosures and further acknowledges receipt of a copy of this document and further agrees to pay the loan to Blachly-lane, and the interest listed, if any, in accordance with the terms provided herein.

I certify that the above was purchased by me for primary use at the service address shown above. I give Blachly-Lane Electric Cooperative authorization to add the minimum monthly payment shown above to my electric bill each month until paid in full. I understand that any payment made to Blachly-Lane will first be applied to my merchandise loan payment and the remainder will be credited to my electric account.
Member Electronic Signature (Full Name)*

Plug into Savings with Blachly-Lane’s Member Loan Program

Zero Interest Loan

Prime + 2% Financing

Energy Efficiency Loan Application & Promissory Note

Step 1 of 4

Contact Information

Loan Details

Notice to Borrowers