Environmental Loans

Purpose
• Acquisition and installation of photovoltaic systems 
• Acquisition of environmentally friendly cars:
• Hybrid Vehicle
• Fuel Flexible Vehicle- FFV/ Dual Propulsion Vehicle
• Electric Vehicle
• Loan carbon dioxide  emission cars (<120g CO2/km)
• Acquisition of heat-insulating products/systems
• Acquisition of geothermal heat pump for heating and cooling
• Acquisition of small wind systems/windmills
• Acquisition of solar active systems for warming water 
• Acquisition of solar systems for room heating and cooling
• Acquisition of home solar systems
• Acquisition of waste processing systems

Loan Amount
• Up to € 20.000 with guarantors
• Up to € 60.000 with mortgage

Collateral
• Mortgage or one to three solvent guarantors

Repayment Period
• Up to 10 years

Repayment Method
• Standing Order from a bank account
 
Loan Expenses
• Loans expenses 0,50% on the loan amount. Minimum charge €50

Insurance
• Life Insurance Policy starting from  2,40‰ on a yearly basis calculated on the loan balance

Scheme Conditions
• Submission of relevant invoices, certificates and  authorizations from relevant authorities

Beneficiaries
• Environmentally conscious individuals