A Homeowner’s Guide to Regions ǀ EnerBank USA Loans

There are a lot of options out there when it comes to your customers financing their home improvement projects. We might be biased, but with loans designed specifically for home renovation and two decades of experience in the industry, we think we’re a great fit! Here’s a homeowner’s guide to Regions ǀ EnerBank loans to keep in mind during your sales pitch to help customers see why financing may be right for them.

Quick & Easy Application Process

We offer three paperless application methods for homeowners. This includes our Mobile Loan App, Online Loan Application, and Loan-by-Phone. Your customer can complete the loan while you’re still in the home, and they’ll usually receive a credit decision in minutes. This means you can have the deal signed and the project can get started as soon as possible.

Variety of Loans

When financing with EnerBank, your customer doesn’t need to use their home as collateral for the loan, which means there’s no need for an appraisal. This also allows the application process to be completed quicker, since there isn’t a need for additional information or documents beyond the application. We understand that no two customers have the same financial situation. That’s why we have different loan options available, like Same-As-Cash Loans and low monthly payment loans. Offer a choice of both to see the most benefit to your business!

No Fees

When your customer applies for a loan with us, there are no additional or hidden fees. This includes application fees, appraisal costs, or closing fees. This means they can keep more of their money in their pocket before the project begins. Plus, there’s no prepayment penalties, which means your customer can pay off their loan early, no problem .

180-Day Credit Commitment

When approved for most loans with us, the credit decision is good for 180 days . This gives the customer plenty of time to plan out their project or accommodate material shortages you’re facing.

High Approval Rates

Because we’re our own bank, a balance-sheet lender and not just a go-between fintech company that doesn’t service the loan, we approve about 4 out of 5 applicants. This means more satisfied customers and more business for you. For less creditworthy customers, there are counter offers available to those who don’t qualify for their first choice of loan.

U.S.-Based Lending & Customer Service

If your customer needs help at any stage of their loan, whether they’re just starting the application process or are making their final payment, our in-house support team is here to help. With extended hours, they can get the assistance they need when they need it.

Easy Ways to Pay

There are multiple methods for homeowners to make their loan payments. This includes one-time online payments, scheduling a recurring payment, online bill pay, mail with payment coupon, overnight delivery, and over the phone.

Not offering our payment options yet? No worries! Just fill out the form on this page or visit our website to get started.