Credit from Evoca (RA Energy Efficiency Program)
Evocabank provides loans tailored to suit the purpose of the Program of Renewable Energy and Energy Efficiency Fund.
11.09.2020
Evocabank offers loans within the framework of the Program of Armenia Renewable Energy and Energy Efficient Fund, which aims to promote investments in energy efficiency area.
Loans will be provided to RA non-gasified communities to finance the purchase of photovoltaic systems and solar hot-water heaters.
Loans to individuals range from AMD 300,000 to AMD 3,000,000 at rate of 8% per annum. Loan repayment period - up to 96 months. More information may be found here.
Loans to legal entities are capped at AMD 50 million, at rate of 10% per annum. Loan repayment period – up to 96 months. More information may be found here.
Loans will be made available to borrowers upon approval of the loan application both by the Bank and the Fund, within 2 business days.
