0% Loans
Terms: $50.00 minimum loan amount $500.00
maximum loan amount 6 monthly payments
Example: $500.00 loan $83.33 billed each
month for 5 months $83.35 billed for the 6th month
Qualifications: 1. You must be a CPI member
for at least 12 months 2. You must not have received any
late notices for the last 12 months 3. You must not have
any outstanding 0% interest CPI loans 4. Only electrical
items can be financed under this program
How it works: Go to a participating dealer
and make your purchase. The dealer completes the loan form
for your signature and calls CPI for instant approval. CPI
pays the dealer. Each month’s installment is calculated
and added to your electric bill.
Additional information: We have arrangements
with several local appliance dealers to finance your purchase
at the time you make your purchase. If you make your purchase
from a non-participating dealer, you can still take advantage
of this program:
- Contact CPI for instant credit approval
- Pay for the item or charge it on a credit card
- Bring your invoice or charge slip to CPI
- On approval, CPI issues a check to you and adds the payment
to your electric bill over the next six months
Some of the qualifying electrical items are:
| Zonal heat (baseboard or
fan forced) |
Dehumidifiers |
| Air conditioners (central
or window units) |
Electronic air filters |
| Electric water heaters |
Dishwashers |
| Electric ranges |
Microwave ovens |
| Clothes washers |
Clothes dryers |
| Electric lawn mowers |
Electric barbecue grills |
| Refrigerators |
Refrigerator/freezer combinations |
| Televisions (color or black & white) |
Video Cassette Recorders
(VCRs) |
| Stereos/CD players |
Computers |
| Irrigation pump motors |
DBS Satellite systems (18" dish) |
| Electric forced air furnaces |
Domestic water pumps |
| Portable electric heaters |
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