GreenSaver Home Improvement Loan

Want to do your part to make Niagara a little greener and save a little green along the way? When you conduct any GreenSaver Home Energy Efficiency Assessment with our local partner, GreenSaver, we can help you finance the recommended changes at a very competitive interest rate!

PenFinancial has partnered with Climate Action Niagara, a not-for-profit environmental energy efficiency organization that offers GreenSaver licensed audits. GreenSaver auditors will provide a thorough inspection of your home, uncovering all of its energy inefficiencies. Following the inspection, you will receive a customized report prioritizing upgrade recommendations that will save you money and qualify you for up to $10,000 in government rebates available through Natural Resources Canada’s ecoEnergy and the Ontario Home Energy Savings Program.Then simply obtain your chosen home energy improvement quotes from a local contractor, bring the GreenSaver report, along with the quotes into your local PenFinancial Branch.

Our lending team is ready to give you our most competitive variable or fixed GreenSaver Home Improvement Loan rate today!

Click here for Frequently Asked Questions.

Get Mortgage & Loan Advice when it's Convenient for You!

Steve Yochim, our Senior Credit Advisor, is available
24 hours a day, 7 days a week to drop by your home or office to serve all your lending needs.

A specialist with over 25 years of experience in the residential mortgage and personal loan business, Steve takes a personal, educated approach helping you with financial decisions that impact your life. Whether you're purchasing or refinancing your home, renovating your kitchen or purchasing a car, Steve is always available to serve all your lending needs – when it's good4you!

Call Steve at (905) 735-4801 or on his cell at
(905) 328-8872.

Personal Loans    

Whether you are thinking about borrowing to buy a car, a recreational vehicle, to renovate your home or pay for a wedding, PenFinancial can help make your priorities happen.

Options Available:

• Fixed or Variable rate loans
• Competitive rates
• Weekly, bi-weekly, semi-monthly or monthly payments available
• Payroll deduction, automatic transfers or direct deposit payments available
• No penalties on pay downs or early payouts
• Disability insurance available and can be added to your loan
• Specialty loan products available for Car Loans, RRSPs, Line- of-Credit, Overdrafts, Student Loans and Stocking Stuffer Loans

Mortgages

We offer First and Second Mortgages and Bridge Financing
Mortgages are normally granted for 80% of the appraised value of the home, thereby requiring a down payment of 20%. We also offer High Ratio Mortgages for those who qualify for Canada Mortgage and Housing Corporation (CMHC) Insurance. These mortgages can finance up to 95% (under certain conditions) of the appraised value of the home.

PenFinancial's Designer Mortgage
With this multi option mortgage product, you are able to tailor it to ensure the greatest amount of savings! Take advantage of fixed and variable rates. Minimize your legal costs and secure your future. Call today to speak with one of our Loan Officers – they would be pleased to explain the many benefits of the PenFinancial Designer Mortgage.

Before making any decisions, a resource that we would highly recommend that you access would be the Canada Mortgage & Housing Corporation (CMHC). The CMHC provides Canadians with tips and useful information on homebuying, maintenance and even home renovations.

Click here to learn more about our Designer Mortgage.

Car Loans

Before visiting the car dealership...
Take the smart move and talk to our loan experts about PenFinancial's New and Nearly New Car Loan and drive home a great deal on your next vehicle purchase.

Student Loans

We understand that today's high tuition fees and related costs can make it difficult to afford the cost of a post-secondary education. This is especially true when a student does not qualify for OSAP. PenFinancial's student loan is your answer to the rising cost of education. It allows you to borrow for your education at a great interest rate with flexible terms that make it realistic to continue your education... and don't forget that on an annual basis, we offer 2 bursaries, one for college and one for university.

Features of the PenFinancial Student Loan:

• Pay interest only while in school
• Principal payments commence 6 months after graduation
• Repayment terms up to 7 years
• Student borrows the money with the parent or guardian as the guarantor

See our Library for additional information on Loans & Mortgages or feel free to call or drop in and see us to learn more.