The purpose of this loan is to finance eligible costs for energy upgrades of business and commercial spaces related to the following works and equipment:
- Thermal insulation of shells, frames, fixed and movable awnings
- Energy upgrade of mechanical systems (heating, cooling, air conditioning, hot water) with new higher efficiency
- Energy upgrade of an existing lighting system
- High energy efficiency appliances, at least energy class A.
- Installation of photovoltaics for self-generation with energy compensation (net metering)
Loan amount
Up to 80% of the investment.
Loan Term
Up to 5 years for loan amount up to €20.000
Up to 10 years for loan amount more than €20.000,01
Interest Rate
Variable interest rate, based on Euribor 1M plus a minimum spread of 4%, depending on the collaterals.
Interest rates are also subject to the Law 128/1975 Levy.
Repayment
Monthly instalments, repaying interest and capital.
Grace period
Up to 6 months. During the grace period only interest amount is paid.
Disbursement
Partial disbursements -up to 3- with the possibility of advance payment of up to 20% of the loan without engineer certification and provided required collaterals are available.
Mandatory insurance coverage
Mandatory fire and earthquake insurance of the pre-marked property
Mandatory Insurance of photovoltaic system (where provided).
