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Heat pump finance spread the cost with monthly payments
Spread the cost of your OVO air source heat pump installation with flexible finance options via Tandem Bank.
Grant compatible - if eligible, you can apply for the Boiler Upgrade Scheme or Home Energy Scotland Grant.
Flexible terms - choose a repayment plan that suits your budget. Pick from 5, 10, or 20-year terms for your heat pump system.
Green regulated lender - finance is provided by Tandem Bank, an specialist UK bank. A secure way to fund your heat pump.
Compare heat pump finance plans
Spread the remaining cost of your installation after applying the Boiler Upgrade Scheme or Home Energy Scotland Grant, if eligible. Find a plan that fits your budget with our fixed 9.5% APR.
5 year plan
Reduce your repayment window on the lowest interest bearing plan.
Term: 60 months
APR: 9.5% fixed
Deposit: £500
Early repayment fees: £0
10 year plan
Balance between manageable monthly payments and loan duration.
Term: 120 months
APR: 9.5% fixed
Deposit: £500
Early repayment fees: £0
20 year plan
Spread the cost to keep your monthly outgoings as low as possible.
Term: 240 months
APR: 9.5% fixed
Deposit: £500
Early repayment fees: £0
Heat pump finance calculator
£
Monthly payment
Total amount of credit
Deposit
Duration (months)
APR (Annual Percentage Rate)
Total cost of credit
Total amount payable
Representative example:
Total order value: £10,000. Loan duration: 10 years. Upfront deposit: £500. Total amount of credit: £9,500. Representative APR: 9.5%. Rate of interest: 9.1% (fixed). Total cost of credit: £5,008.83. Total amount payable: £15,008.83. Monthly payment: £120.91.