The BOV Business Energy Loan is being made available to enterprises, and non-state aid entities (such as regulated authorities, constituted bodies and NGOs) to cover the costs of energy efficient investments. The loan will cover costs such as the cost of materials, the cost of technical planning of installations, as well as the cost of installation and/or maintenance. The costs of energy efficient investments typically include:

• Investments related to the building envelope (insulation, windows and doors, other building envelope related measures with impact on thermal performance, etc.);
  
  
• Investments related to the building system (space heating, investments related to hot water generation, ventilation systems, cooling, lighting, building and Energy Management Systems, connection to energy supplies, charging stations for electric vehicles, etc.);
  
  
• Investments related to renewable energies not connected to the buildings (photovoltaic systems etc.) for own consumption of the final recipient;
  
  
• Non-Standardised Costs (investments undertaken following an ex-ante energy efficiency audit, energy performance certificate and/or any other equivalent method to estimate the energy savings and could include operational upgrades, investment in an electric/hybrid fleet, water efficiency measures, etc.).

The BOV Business Energy Loan includes a number of benefits that improve the rate of return investment for the applicants. A highlight of these features are listed below. Contact us for a full list of features, benefits and terms and conditions.

• Interest free loan for the whole term (10 years)
  
  
• A maximum loan term of up to 10 years;
  

• In the case of enterprises a maximum loan amount of EUR 750,000 applies subject to De Minimis state aid rules. In case of Non-State Aid entities a maximum loan amount of €3,000,000 applies;
  
  
• A minimum contribution of 20%;
  
  
• A lower amount of extendible security in line with similar risk sharing instruments;
  
  
• No processing and renewal fees.  

A highlight of terms and conditions is listed below. For a full list of features, benefits and terms and conditions, please contact your nearest branch or send an email on [email protected] or call us on +356 2275 1122.

• Facilities can only be in the form of Loans (overdrafts are excluded from the scheme);

• In the case of enterprises, a maximum loan amount of EUR 750,000 applies subject to De Minimis state aid rules. In case of Non-State Aid entities a maximum loan amount of €3,000,000 applies;
  
  
• The minimum contribution is 20%;
  
  
• Interest-Free Loan for the whole term of the loan (maximum 10 years).
  
  
• No processing or early repayment fees;
  
  
• A commitment fee of 0.5% p.a. will apply on undrawn amounts after six months from sanction letter/agreement date;
• The maximum loan term is of 10 (ten) years (inclusive of moratorium);
• A moratorium on capital of up to a maximum period of 6 (six) months may be considered.

Certain sectors may not be eligible for this scheme. All loans are subject to normal bank lending criteria and final approval by the Bank. Other terms and conditions apply.