Green Loan GEFF

Kredi e Gjelbër

What is Green Loan GEFF?

OTP Bank Albania in cooperation with the European Bank for Reconstruction and Development provide financing for housing investments for the green economy, in full line with the principles of Social Responsibility for a healthy living, and sustainable and nature-friendly investments. The product known as Green Economy Financing Facility (GEFF) finances all investments that meet the GEFF eligibility criteria for green investments in the housing sector. To stimulate these investments, OTP Bank Albania customers will be able to receive a grant, in the amount of up to 20% provided by the EU.

How to apply for a Green Loan GEFF?

All individual clients who own or live in a house or apartment and are planning to invest in energy efficiency projects for a green economy such as: energy efficiency and its resources, renewable energy, sustainability towards climate change, etc. can apply for the green loan.

The Green Economy Financing Facilities (GEFF) program is supported by public funds of the European Union, Republic of Austria, in the framework of Investments in the Western Balkans. All the implemented projects, successfully verified, and classified as eligible for the grant include the following categories:

  • 15% of eligible costs for a project within an individual hourse, or a house that includes a single technology category selected by the GEFF Technology Selector

  • 20% of eligible costs for a project within an individual house or a house that includes packages with more than one category from the technologies selected by the GEFF Technology Selector.

*For more details please visit: table of grants

Bank products that comply with the EBRD grant offer are: consumer loans without a collateral, mortgage loans (including reconstructions), and home investment loans (recognized and accepted by GEFF).

In the following you can get acquainted with the products that match this offer:

Ekspres Green Loan

With Ekspres Green Loan, you will benefit the following:

  • Financing up to the amount of ALL 2,000,000

  • Repayment term up to 7 years

  • Financing only in the ALL currency

  • Fixed interest rate of 9%

Some of the investment that can be financed through this loan are:

  • Lighting and ventilation equipment

  • Heat pumps and boilers

  • Hot water tank etc.

Universal Green Loan

With Universal Green Loan, you will benefit the following:

  • Maximum amount up to 50,000 EUR

  • The maximum loan repayment period is 10 years

  • Financing in ALL / EUR

  • Interest rate Treasury bills + 3.5 (in ALL) and Libor + 5% (in Euro)

  • This loan is repayable in equal monthly installments. Exceptions can be made in special cases, when the client’s income depends from high seasonality.

Some of the investments you can make through Universal Green Loan

  • Windows and doors

  • Thermal insulation (floor, exterior, roof)

  • Solar panels for hot water

Green Home Loan

With Green Home Loan, you will benefit the following:

  • Maximum amount: Up to 50,000 EUR

  • The maximum loan repayment period is 25 years

  • Financing in ALL / EUR

  • Interest rate Treasury bills + 1.5% (in ALL) and Libor + 3.75% (in Euro)