Evocabank is Offering Energy Efficient Loans for SMEs
Evocabank is offering energy efficient loans for sole proprietors and legal entities.04.03.2020
The loan will be provided for purchasing energy efficient equipment and technology, and designing and building relevant infrastructure based on renewable energy sources.
Loans will be made available to customers within the limit of AMD 1,000,000 to AMD 5,000,000 without collateral, loans shall be backed by a surety, and AMD 5,000,000 to AMD 500,000,000 - backed by a collateral.
Loan repayment period is up to 5 years.
Annual nominal interest rate:
- For loans ranging from AMD 1,000,000 to AMD 5,000,000 - 10.5%,
- For loans ranging from AMD 5,000,000 to AMD 20,000,000 - 10%,
- For loans ranging from AMD 20,000,000 to AMD 500,000,000 - 9.5%.
No charges are payable for loan application review.
The project is implemented jointly with German-Armenian Fund (GAF). Project details may be found here.
Evocabank as a socially responsible company highly values the measures for environmental protection.