Raiffeisen Bank has included investment loans for the acquisition of solar panels intended for micro and small businesses and entrepreneurs in its product offering.
The maximum loan repayment period is 10 years, with a grace period of up to 12 months. Jelena Aksić, a member of Raiffeisen Bank’s Executive Board responsible for retail, small businesses, and entrepreneurs, states that specialized loans for solar panels aimed at the economy will encourage investments in renewable energy sources, further impact environmental protection, and enable clients to reduce the impact of market changes in energy sources.
With loans for the purchase of solar panels targeting micro and small businesses and entrepreneurs, Raiffeisen Bank has expanded the range of products through which companies can save energy used in their operations and contribute to environmental protection.
Raiffeisen Bank provides loans for solar panels with a maximum repayment period of 10 years, along with other important benefits.
One of them is the grace period of up to 12 months, meaning those who opt for this type of investment will pay the first installment only after a year.
Also, for loans to purchase solar panels, the minimum down payment is 10 percent. The processing fee has been reduced to 0.5 percent of the total approved amount.
And that’s not all. A mortgage is not required for investment loans to buy solar panels. A pledge on solar panels is sufficient for this type of loan, in line with the client’s creditworthiness and the bank’s credit policy.
“Raiffeisen Bank actively participates in solving environmental protection issues in various ways. It is our obligation to seek the best models and be part of the solution. With specialized loans intended for micro and small businesses and entrepreneurs to acquire solar panels, we will enable our clients to save money, become producers of green energy, and better plan budgets while reducing dependence on changes in energy markets,” said Jelena Aksić.