Green Energy business loan

Investbank lends for the construction of photovoltaic plants that supply your own electricity needs. You repay the borrowed money with interest over an agreed schedule of up to 10 years. The interest rate depends on your financial indicators. You can negotiate the repayment plan and a grace period before repayments of the borrowed amount begin.

The standard business tariff charges 0.1% of the requested amount for assessing a new application, with a minimum of EUR 51.13, plus a risk-assessment fee of 0.1% of the requested amount. These application fees are payable upfront and are not refunded if the bank rejects the application. For a loan secured by a financial asset, the assessment fee is EUR 50 instead.

The standard annual management fee is 0.8% of the approved loan amount in the first year, starting when the agreement is signed, and 1% of the outstanding debt in later years. For loans secured by a financial asset it is 0.3% annually. Annual management fees are reduced proportionally when payable for a shorter period. Standard investment loans also carry a 0.6% annual fee on approved money you have not yet taken out. It accrues daily from the loan's registration in the bank's system and is collected monthly on the loan payment date; loans secured by a financial asset are exempt from this fee.

Repaying early normally costs 5% of the borrowed amount you repay early. The fee does not apply when you repay from your own funds, but money from advance dividend distributions does not count as own funds. Any borrowed amount you fail to repay on time attracts interest 10 percentage points above your agreed regular loan interest rate. Changing loan terms normally costs 0.3% of the outstanding balance; for loans secured by a financial asset the amendment fee is EUR 50.

You bear the costs of setting up, changing and releasing collateral, government fees and, where movable property is pledged, its safekeeping costs. The bank uses approved external valuers and their tariffs for collateral valuations. These are standard tariff terms unless you agree different terms with the bank; the tariff exempts budget spending units — public bodies that spend budget funds — from fees and commissions.

Renegotiation also carries a risk-assessment fee of 0.2% of the outstanding balance. Half is paid as an administrative fee on submitting the request, with that payment subject to a EUR 51.13 minimum and EUR 255.65 maximum; the remaining amount up to the full 0.2% is paid before signing the amendment agreement.