Financing FAQ
Enerbank USA is a home improvement lender with over 2 decades of experience. In October of 2021, Enerbank merged with and into Regions Financial Corporation – a member of the S&P 500 Index and one of the largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services.
No, EnerBank USA is a separate home improvement lending company and part of the Regions Financial Corporation.
We offer financing through EnerBank USA with an easy online or phone application.
- Pre Qualify (optional) without impacting your credit score: https://prequalification.enerbank.com/home
- Estimate Monthly Payments: https://enerbank.com/payment-estimator/
- Apply by phone (866.405.7600) or Online: https://application.enerbank.com/home
Key Information
- Application Phone Number: 866.405.7600
- Contractor ID: 153539
- Loan Code: DEL2622
- Loan Amount: Upper Limit of what could be spent
Credit and loans provided by Regions Bank d/b/a EnerBank USA, Member FDIC, (650 S. Main St., Suite 1000, Salt Lake City, UT 84101) on approved credit, for a limited time. 8.99% to 24.49% fixed APR (provided however, APR will not exceed 15.99% for residents of New Jersey and 17.99% for residents of Florida and Wisconsin), subject to change. Minimum loan amounts apply. Interest starts accruing when funds are disbursed. Repayment terms vary from 12 to 144 months. Actual loan term may be shorter if less than the full approved amount of credit is used.
The approval process for most customers takes just a few minutes
The best plan is to always play it safe with the initial application and apply for an amount that gives room for surprises. You will only pay for funds actually used.
You can use this tool to help estimate your monthly payments: https://enerbank.com/payment-estimator/
There are no prepayment penalties.
The interest rate varies for each situation.
Loans are available for amounts from $1,000 to $65,000.
Yes, the minimum amount you can be approved for is $1,000.
When funds are due, Chimneys Plus will initiate a request for payment from Enerbank. Enerbank will then reach out to you via text or phone call, whichever method you chose during the application process giving you an opportunity to approve or deny the funds disbursement.
- For Text
- If you respond “YES”, the requested funds will be dispersed
- If you respond “NO”, Enerbank will reach out to you to find out why
- If there is no response within a designated time period (typically 24 hrs), the requested funds will be dispersed
- For Phone Call
- If you answer the phone and confirm funding or if Enerbank successfully leaves a voice message, the process to disperse the funds will be initiated funds will be dispersed
- If there are voicemail issues, the funding request will not be completed
- If you deny funding, Enerbank will clarify why
Yes, you do not need to finance the entire amount of your purchase with a loan. You may finance a portion of it as long as it meets the requirements of the loan (ie, minimum $1,000, etc.)
That’s OK! If you do not wish to finance after having applied, please coordinate payment to us separately and work with Enerbank to close the loan application.
If you plan to pay by financing, then you must be approved before we can start work.
We get it. Life happens. No worries – you may apply for financing at any time in a project’s lifecycle to ensure prompt payment.
The best plan of action is to always play it safe with the initial application and apply for an amount that gives room for surprises. You will only pay for funds actually used.
Yes, the applied for amount will be the ceiling that can be pulled for the project with us. You will only pay for funds actually dispersed.
Once the first payment has been sent to Chimneys Plus for the work, that signals the start of the loan to the bank. This starts the term period.
At the determined progress points of the job (like deposit due and final payment), Chimneys Plus will request the funds from Enerbank. Enerbank will text or call you based on your preference to initiate the payment.
Approved loans stay available for at least 120 to 180 days.
The traditional installment loan is the most common loan product. Loan product availability updates from time to time. Contact us to find out which loan products are available.
Credit and loans provided by Regions Bank d/b/a EnerBank USA, Member FDIC, (650 S. Main St., Suite 1000, Salt Lake City, UT 84101) on approved credit, for a limited time. 8.99% to 24.49% fixed APR (provided however, APR will not exceed 15.99% for residents of New Jersey and 17.99% for residents of Florida and Wisconsin), subject to change. Minimum loan amounts apply. Interest starts accruing when funds are disbursed. Repayment terms vary from 12 to 144 months. Actual loan term may be shorter if less than the full approved amount of credit is used.
Any work through Chimneys Plus that meets the loan requirements. For example, loan amounts of $1,000 to $65,000.
At the determined progress points of the job (like deposit due and final payment), Chimneys Plus will request the funds from Enerbank. Enerbank will text or call you based on your preference to initiate the payment.
No, the prequalifying option is a soft credit check and will not hurt your credit score.
Yes! Please note the minimum deposit amount will need to meet the minimum amount for the loan and it will start the payment term with Enerbank.