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Renewable Energy Financing Solution Renewable Energy Financing Solution

Renewable Energy Financing Solution Renewable Energy Financing Solution

Support for installing electricity generation systems for homes and businesses.
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  • For Individual and Small Project Loans:

    Government Sector Clients – Salary Domiciled with the Bank

    • Loans up to IQD 20 million can be granted based solely on the borrower’s salary, without the need for a guarantor, provided the debt burden ratio does not exceed 50%.
    • For loans exceeding IQD 20 million and up to IQD 30 million, personal guarantors are required—regardless of salary domiciliation status.
    For Individual and Small Project Loans:

  • Clients from Government, Private Sectors, and Freelancers – Salary Not Domiciled with the Bank:

    • Loans up to IQD 30 million can be granted based on personal guarantors (public sector only, whether domiciled or not), with a debt burden ratio not exceeding 35%.
    Clients from Government, Private Sectors, and Freelancers – Salary Not Domiciled with the Bank:

  • For Medium, Large Projects and Residential Complexes:

    • Property collateral must be provided in favor of the bank, covering at least 125% of the loan amount.
    For Medium, Large Projects and Residential Complexes:

  • Additional Conditions:

    • Cross-guarantees (mutual guarantees between parties) are strictly not accepted.
    • 2-A loan can be granted against cash collateral or a frozen deposit held at the bank, covering 110% of the loan amount. In this case, the debt burden ratio is not applied, but the loan term must not exceed the maturity date of the deposit.
    • 3- A check covering 125% of the loan amount must be submitted by the borrower.
    • 4-A promissory note covering 125% of the loan amount must be submitted by the borrower and co-signed by the proposed guarantor.
    Additional Conditions: