Green power. Benefit from making a difference.
Finance your energy and non-energy related projects in Lebanon with IBL Bank’s Environmental Loans and benefit from low interest rates:
- Green Energy Loans let individuals or companies finance energy saving solutions.
- Green Non-Energy Loans sow the seeds for individuals or companies to finance projects that tackle pollution abatement, solid waste and waste water treatment, recycling, ecotourism, organic agriculture, and landscaping.
Highlights:
- Amount: Up to 100% of project value
- Sectors Covered: All sectors can benefit and everyone from individuals to companies
- Tenor:
- New project: 10 year repayment + 6 months to 4 years grace period
- Existing project: 10 year repayment including 6 months to 2 years grace period
- Interest:
- Green Energy related loan, not subsidized (USD): Libor 1Y - 0.52%→ Actual Effective Rate = 2.25%p.a. (May 2018).
- Green Environmental related loan, not subsidized: (USD): ): Libor 1Y - 0.52%→ Actual Effective Rate = 2.25%p.a. (May 2018).
- Green Environmental loan for waste reduction: (USD): Libor 1Y - 0.77%→ Actual Effective Rate = 2%p.a. (May 2018).
- Interest rate is reviewed yearly
- Restriction: Project must be located in Lebanon
- Requirements: Certification by an Energy Service Company (ESCO) and the Lebanese Center for Energy Conservation (LCEC)