Enium provides one of the most flexible loan products on the market. Approval can be nearly instantaneous (usually within a couple of minutes), and Enium allows 12 months of No Interest No Payments (NINP), starting at install completion and final funding of the loan proceeds to Clean.Tech. The NINP feature allows your customer ample time to realize tax credit savings and apply those toward the loan. After this initial 12 months, the loan automatically transitions into a 24 year term at a fixed rate. The payment will be calculated at the end of those 12 months NINP, and there are no prepayment penalties.
12-month No Interest No Payment 25yr 1.99%
12-month No Interest No Payment 25yr 2.99%
12-month No Interest No Payment 25yr 3.99%
NOTE: There is a $15/month minimum payment required during the first 12 months.
You can reduce the APR by 0.25% with ACH automatic payments.
Click here to view additional information and lending criteria to determine if Enium is a good fit for your customer. Several useful criteria to be aware of as you match your customer with the best possible financing solution, include:
650 minimum FICO
Debt to Income of 55% or lower
Maximum lending amount of $75,000 or $100,000- $125,000 for qualified borrowers
Vacation & second homes eligible, just not rental properties. The utility bill must be in the homeowner's name.
Before you can use Enium, you need to apply directly to Enium to set up your portal access.
Watch this 20 minute training video to learn how to complete an Enium loan application, add a co-borrower, understand required documents, and handle any 'stips' that might be required.
Click 'Next' below the video to complete your "Truth in Lending' compliance document and apply for portal access. Access will be granted in no time at all!
As you build your customer’s solar proposal within the app, follow these steps to select, apply for, and ultimately attain Notice to Proceed (NTP) with an Enium loan:
Tap the blue home & person icon to view project financing information.
Tap to select financing.
3. Select ‘Enium’ from the drop down menu.
4. Choose the name of the loan
5. Hit ‘Calculate’.
6. Go back to the main screen of the proposal.
7. Tap the blue ‘Review agreement, sign up’ button in the bottom right corner.
8. Verify that all of the homeowner information is accurate.
9. Tap ‘Looks good, proceed to proposal.
10. If it's your first time using Enium, Watch this 20 minute training video to learn how to complete an Enium loan application, add a co-borrower, understand required documents, and handle any 'stips' that might be required. Click 'Next' below the video to complete your "Truth in Lending' compliance document and apply for portal access. Access will be granted in no time at all!
NOTE: When applying for access, list Clean.Tech as the "Company" to gain access to our Enium portal. Complete the brief compliance requirements and Enium will notify you when your access is approved.
11. Once you are approved you can submit a credit application in Clean.Tech’s Enium portal here: https://goenium.com/
*Note: Be sure to enter the exact dollar amount from the Clean.Tech solar agreement in the loan application, as mismatches can require alterations to the application or the proposal and revisiting the customer for associated signatures
Enium will send loan documents to your customer for review and signature. They will also inform Clean.Tech if any stipulation docs, or “stips”, are needed to complete their loan application. (e.g. photo of drivers license, verification of income).
If you have any questions, call Enium at 844-500-9695 and press 1. Note: a Welcome Call with Enium is no longer required, yet know their Relationship Managers are available via phone or chat to offer any needed assistance.
Enium will conduct a direct call to the borrower AFTER initial stipulations are approved to confirm the borrowers understanding of the loan and terms.
If further review is required, you will be directed to call Enium. As needed, upload photos of IDs to the Enium portal and, verification of income (VOI) and other stips to the Enium portal.
Upon application approval, your homeowner will receive email notification to electronically sign their loan documents.
After your homeowner signs their loan documents, Clean.Tech Finance will upload the solar installation agreement to the Enium portal and request Notice to Proceed (NTP) from Enium.
Once NTP has been granted, we assign your project to our Fulfillment Team to initiate plan set engineering, any site-audit audit activities, and prepare for permitting and installation.
100% of your commission payment is issued once the final inspection has been passed and Enium forwards final funding to Clean.Tech.
We hope this has been helpful in better understanding Enium and how to utilize their loan products with your customers. If you have any additional questions about Enium, their loan products, and approval process, connect with us through the Chat support feature on your app or Dashboard, and reference our video library in the Help Center.