FINANCING OPTIONS

Thank you for choosing Illiana Heating and Air Conditioning to install your new equipment. Below are some details concerning the financing of your purchase.  We do our best to offer multiple financing options to fit your individual situation.  Please ask us any questions you might have about our financing options.


OPTION ONE:

No interest if paid in full within 12 months with regular monthly payments. Interest will be charged to your account from the purchase date if the purchase balance is not paid in full within the promotional period.*

  1. Who is providing the financing?
  2. Your purchase is being financed through the Wells Fargo Home Projects VISA credit card. You will receive in the mail a credit card with the VISA logo on it. The VISA credit limit is separate from the line of credit used to finance your equipment purchase. You do not have to activate the VISA credit limit if you do not wish to. The VISA credit limit will only be activated if you call the 800 number on the sticker on the front of the card.
  1. Will I receive a payment book?
  2. Your purchase is not a fixed installment loan, but a revolving charge similar to any other credit card purchase. You will not receive a payment book, but will receive a monthly statement in the mail. Your first statement will arrive approximately in 30 to 45 days after your installation.
  1. Who do I make my payments to?
  2. You will make your payments to Wells Fargo, not Illiana Heating.
  1. How much will my payments be?
  2. You have chosen the 12 months, No Interest payment plan. You will be required to make a regular payment of 3.5% of the amount financed or a minimum of $35. This payment amount is fixed based on the initial purchase amount. 
  1. I thought I was on a no interest plan, but there are interest charges on my statement?
  2. During the 12 month period, interest will accrue on your account at the rate of 27.99%, but all those charges will be waived as long as the amount financed is paid in full with in the 12 months.

If you have any further question, please call our office at 219-365-0006 or the Wells Fargo Customer Service Department at 1-800-643-3824.


OPTION TWO:

Special rate of 9.90% APR with custom monthly payments of 1.90%***

(Financed through the Wells Fargo Home Projects Visa credit card)

  1. Who is providing the financing?
  2. Your purchase is being financed through the Wells Fargo Home Projects® Visa® credit card**. You will receive in the mail a credit card with the VISA logo on it. The VISA credit limit is separate from the line of credit used to finance your equipment purchase. You do not have to activate the VISA credit limit if you do not wish to. The VISA credit limit will only be activated if you call the 800 number on the sticker on the front of the card.
  1. Will I receive a payment book?
  2. Your purchase is not a fixed installment loan, but a revolving charge similar to any other credit card purchase. You will not receive a payment book, but will receive a monthly statement in the mail. Your first statement will arrive approximately in 30 to 45 days after your installation.
  1. Who do I make my payments to?
  2. You will make your payments to Wells Fargo, not Illiana Heating.
  1. How much will my payments be?
  2. You have chosen the 9.9% Fixed Interest payment plan. You will be required to make a minimum payment of approximately 1.9% of the amount financed. This minimum amount is fixed based on the initial purchase amount. 
  1. Is there a penalty for paying off my account early?
  2. There is no penalty for early payoff. The sooner you pay off your account the less interest charges you will incur.

Financing is provided with approved credit by Wells Fargo Financial National Bank, an Equal Housing Lender

*The Home Projects® Visa® credit card is issued by Wells Fargo Financial National Bank, an Equal Housing Lender. Special terms apply to qualifying purchases charged with approved credit at participating merchants. Regular monthly payments are required during the promotional (special terms) period. Interest will be charged to your account from the purchase date at the APR for Purchases if the purchase balance is not paid in full within the promotional period. For newly opened accounts, the APR for Purchases is 27.99%. This APR may vary with the market based on the U.S. Prime Rate and is given as of 10/01/2015. If you are charged interest in any billing cycle, the minimum interest charge will be $1.00. If you use the card for cash advances, the cash advance fee is 5.00% of the amount of the cash advance, but not less than $10.00. Offer expires [01/01/2016].

**The Home Projects® Visa® credit card is issued with approved credit by Wells Fargo Financial National Bank, an Equal Housing Lender

***The Home Projects® Visa® credit card is issued by Wells Fargo Financial National Bank, an Equal Housing Lender. Special terms apply to qualifying purchases charged with approved credit at participating merchants. The special terms APR will continue to apply until all qualifying purchases are paid in full. Monthly payments of at least 1.90% of the purchase balance are required during the promotional (special terms) period. The APR for Purchases will apply to certain fees such as a late payment fee or if you use the card for other transactions. For newly opened accounts, the APR for Purchases is 27.99%. This APR may vary with the market based on the U.S. Prime Rate and is given as of 10/01/2015. If you are charged interest in any billing cycle, the minimum interest charge will be $1.00. If you use the card for cash advances, the cash advance fee is 5.00% of the amount of the cash advance, but not less than $10.00. Offer expires [01/01/2016].

If you have any further question, please call our office at 219-365-0006 or the Wells Fargo Customer Service Department at 1-800-643-3824.


OPTION THREE:

Affordable Financing for Those with Credit Hiccups

Fortiva Retail Credit is a revolving line of credit financing program offered by Mid America Bank and Trust Company. We understand that times can be hard and not everyone has perfect credit, so the Fortiva Retail Credit program is here to help those who have a good, but not necessarily excellent, credit history. Not to mention, we do all of this with a fast, easy and INSTANT decision!

  • Decision within seconds
  • Affordable monthly payments
  • Deferred interest options
  • Revolving lines you can use again later
  • Competitive rates 
  • No prepayment penalty

OPTION FOUR:

FTL Financing

Two Easy, Simple Financing Products

FTL Finance provides two HVAC consumer financing products. Illiana will work with customers to choose the best option. Whether consumers want to pay off the loan quickly or want a very low monthly payment, we have choices. See product options below, remember not all products are offered in all areas.

FTL Finance Lease

  • Competitive fixed rates from 9.9% to 18.9%
  • Terms up to 7 years
  • Loan amounts from $1,000.00 to $35,000.00
  • Deferred interest plans available for 90 days, 6 months, and 12 months (plans not available in all areas)
  • No minimum monthly payment required during deferred interest period
  • Regular financed contracts are available in all areas

FTL ESC Card

  • Non-Promotional rate of 17.9%
  • Loan amounts from $300.00 to $35,000.00
  • Deferred interest plans available 6 months and 12 months (plans not available in all areas)
  • Minimum monthly payments required during deferred interest period
  • Regular revolving lines of credit are available in all areas
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OPTION FIVE:

Utility On-Bill Financing for Illinois Customers

ComEd customers may be eligible for a low-interest loan to purchase a central air conditioning (AC) system when installed as part of a project that also includes the installation of a new high efficiency gas furnace. (Financing for the furnace portion may also be available from your gas utility.) Installments on your loan will be billed conveniently on your monthly utility bill. Best of all, you also may be eligible for a rebate on your new central AC through the Nicor Gas, Peoples Gas or North Shore Gas Natural Gas Savings Programs.
•5.74% Unsecured, Fixed Rate Financing
•Loans from $500 to $20,000
•100% Financing Available
•No Home Equity Required: New Homeowners OK
•No Fees to Consumer or Contractor
•Up to 10 Years to Repay
•Work must be done by an Approved Contractor

Click here for ComEd customers

If you’re a customer of Nicor Gas you may be eligible for a low-interest loan to purchase and install energy efficiency home improvements. Installments on your loan will be billed conveniently on your monthly utility bill. Best of all, energySMART, a Nicor Gas program, offers rebates to accompany all energy efficiency loans for your home improvements.

•4.99% Unsecured, Fixed Rate Financing
•Loans from $500 to $20,000
•100% Financing Available
•No Home Equity Required: New Homeowners OK
•No Fees to Consumer or Contractor
•Customer Choice of 3, 5, or 10 Year Term
•Work must be done by an Approved Contractor

Click here for Nicor Customers