Fibank launches loans inspired by green finance idea
Summary
The loans are in line with the banks policy to reduce carbon footprint and invest in a sustainable future. Repayment of the principal is done in equal monthly installments and purchased vehicles serve as loan collateral. This is an investment loan with a longer term of up to 15 years and a grace period until commissioning of the photovoltaic installation. Collateral requirements are simplified, the loan generally being only secured by pledge of the newly built PV installation itself. The Green Energy Own Use loan is also intended for the construction of photovoltaic systems, for own consumption as well as for sale of electricity.
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