Peer to peer lending platform Zopa has signed an agreement with Flow to provide financing to Flow customers. Flow is a company that has been developing and commercialising alternative energy products for about a decade. One of those products is the Flow Boiler. The product is described as an “innovative boiler” that generates electricity as it heats your home.
The Flow boiler will be launching in January 2015 and will be available to customers through a new finance package. This will provide a payback time of five years for the complete cost of the boiler. Customers may purchase the Flow boiler using a separate unsecured personal loan via Zopa, with repayments being off-set by reductions in your home energy bill from the value of the electricity generated.
“We are delighted to be working with Flow on such an innovative and disruptive product offering. This unique commercial deal offers consumers a low-cost loan to fund an innovative money saving boiler from Flow and our lenders get a great return for funding these loans. Flow has an excellent track record in providing value and great customer service, two key things that Zopa values in a business. We look forward to making people’s home work harder for them, just like their money can work harder by lending it through Zopa.”