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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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Individual and Small Project Loans:

    • The system intended for purchase must be exclusively for residential use.
    • Complete the financing application form on the designated website.
    • Verify that the system is economically viable for the customer by comparing the monthly electricity costs with the expected loan installment.
      The applicant must be a public sector employee (whether their salary is domiciled with the bank or not) or a freelancer.
    • The offer submitted by one of the approved companies (only) will be evaluated for the customer, ensuring prices comply with the initiative’s approved rates and that warranty and maintenance conditions are met.
    • Loan installments are calculated based on the requested repayment period and must not exceed the debt burden ratio according to the borrower’s income (50% debt burden for public sector employees, 35% for private sector and freelancers).
    • The system’s warranty must cover at least the loan period, including maintenance.
    • Documents required from the borrower and guarantor include: unified national ID, residence card, valid passport, no criminal record for freelancers, income proof (public or private sector) including deductions, which are counted in the debt burden ratio.
    • Guarantor’s salary confirmation must show gross, nominal, and net salary with any deductions clearly stated.
    • The borrower’s department must provide a commitment for payroll deductions upon request.
    • Conduct field visits for freelancers to obtain documents and information confirming their activity (license certificate, rental contract, sales and purchase invoices, simplified income statement).
    • Perform credit checks on the borrower and guarantor to ensure no past or present defaults could affect loan approval.

  • Loans for Small, Medium, Large Enterprises and Residential Complexes:

    The system to be purchased must be exclusively for professional use, covering commercial, service, or industrial sectors, with an essential need that supports the business activity and helps reduce operational costs.

    Complete the financing application form on the designated online platform.

    Ensure the system is economically viable for the client by comparing monthly electricity expenses with the anticipated loan installment.

    The applicant must be an institution, individual, or company operating in economic sectors, providing supporting documentation such as a commercial registration, establishment contract, meeting minutes, audited financial statements for the last three years, and any government permits to operate (if applicable).

    Offers must be submitted from approved companies only, adhering to the initiative’s approved pricing, and warranty and maintenance conditions are verified.

    Loan installments are calculated based on the requested repayment period, ensuring they do not exceed a debt burden ratio of 35% relative to the borrower’s income
  • The system’s warranty
    • The system’s warranty must cover at least the full loan term, including maintenance services.
    • Conduct a field visit to the client to collect documents and information supporting their business activity (such as business license, lease agreement, sales and purchase invoices, and a simplified income statement
    • The field inspection committee must verify the company’s electricity dependency by assessing the size of existing generators, monthly fuel consumption, and review the savings study provided by the system provider estimating the expected reduction after installation.
    • Carry out credit checks on the client, shareholders, and guarantors to ensure there are no current or past defaults that could impact loan approval.