Renewable energy credit line

Finance solar, wind, hydro or biomass generation, including renewable-energy parks and small-scale generation. You can also finance renewable energy that makes production more efficient, build or expand factories producing energy-saving or alternative-energy equipment, or invest in equipment that replaces petroleum-derived energy with renewable sources.

The loan term is 12–120 months. You repay the borrowed money with interest based on six- or twelve-month Euribor plus the bank’s margin (spread). The current business-loan tariff says the interest rate cannot fall below the agreed spread, even if the benchmark falls. Its example rates are representative; they are not a quotation for this energy loan.

The incorporated tariff publishes maximum fees. It lists €150 for analysing the request whether or not credit is granted; a 0.5% study and structuring fee (€150 minimum, €1,500 maximum) if approved; a 0.5% opening fee (minimum €300) when contracted; and €220 for reassessment if you do not contract within six months of approval.

It also lists €50 each time a tranche is paid out and €20 when each principal and/or interest instalment falls due. Partial or full early repayment costs 2.5% of the amount repaid, with a €150 minimum. If a valuation is needed, the bank obtains your prior agreement to its cost and the charge applies whether or not credit is granted. Construction inspections are charged if the loan goes ahead and you request them to release tranches. Their cost is agreed with you beforehand under the other-services tariff. The tariff lists 4% stamp duty on interest and commissions.

Contract changes carry a €200 fee. For overdue instalments, the tariff lists recovery charges of 4% (€12 minimum, €150 maximum), or 0.5% where the instalment exceeds €50,000, charged once for each overdue unpaid instalment. If a mortgage must be released, the document fee is €75 at scheduled completion, €100 for early repayment or €100 for transfer to another credit institution, plus the applicable VAT and evidenced third-party costs.