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APS Bank is committed to sustainability and is partnering with the European Investment Fund (EIF), under the Energy Efficiency and Renewable Energy investment scheme, to offer an even more attractive Green Finance offering (click here for more information).
At APS, we support many types of green initiatives, as long as your personal or business goals resonate with the same goal of our Green Finance loan; that of creating a more sustainable world.
The APS Green Finance allows both retail and commercial customers to invest in technology or devices to reduce their carbon footprint, while benefiting from longer loan repayment terms, subsidised interest rates, and more.
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Which Green Finance loan are you interested in?
Personal
Save by going green
Have you been looking to invest in technology or devices to reduce your carbon footprint and benefit from cost reductions?
If financial support is needed to bring your plans to life, then the new APS Green Finance loan is just for you! This loan offers you the best of both worlds, where you can sustainably finance your next project, whilst contributing towards a better world.
How does the APS Green Finance loan benefit you?
- 2.35% p.a. variable interest rate
- EIF interest rate subsidy of 2% for the first 3 years
- 15 years maximum payment term (which depends on the life of the asset being financed)
- Reduced security requirements to take the loan
- No processing, commitment, early repayment or legal fees
What products does the APS Green Finance loan support?
- PV panels
- Green roof gardens
- Solar water collectors
- Space heating
- Efficient lighting systems
- Hot water or cooling generation
- Building and energy management systems
- Interior and exterior apertures (double glazing and insulation)
If you are interested in other sustainable products not listed above, please reach out to us.
Click here to CONTACT US or to DOWNLOAD THE BROCHURE
Representative example of a Green Finance loan - Personal
On a fully utilised Green Finance Loan of €25,000 at a variable borrowing interest rate of 2.35% p.a. for the full duration of 15 years, the APRC will be 2.38% p.a. The loan will be repayable in 180 equal monthly instalments of €165.32. The total sum payable throughout the term of the loan will be €29,757.60 (being capital of €25,000, interest of €4,757.60, no booking fee will apply).
In this example, the interest rate subsidy of 2%, provided by the European Investment Fund, would result in a further interest savings of €1,394.89 during the first 36 months of this facility, bringing the total amount payable over the full term of the facility down to €28,362.71 (being capital of €25,000 and interest of €3,362.71, no booking fee will apply).
Business
Make your business greener
Now is the right time for your business to invest in environmentally friendly practices and cleaner technologies. Businesses which contribute to protecting our planet are perceived more positively by the consumer and also benefit from cost reductions.
How does the APS Green Finance loan benefit your business?
- 2.35% p.a. variable interest rate
- EIF interest rate subsidy of 2% for the first 3 years
- 10 years maximum payment term (which depends on the life of the asset being financed)
- Reduced security requirements to take the loan
What products does the APS Green Finance loan support?
- Electric/hybrid vehicles
- PV panels
- Green roof gardens
- Solar water collectors
- Space heating
- Efficient lighting systems
- Hot water or cooling generation
- Building and energy management systems
- Interior and exterior apertures (double glazing and insulation)
- Investment taken as a result of an energy efficiency audit
If you are interested in other sustainable products not listed above, please reach out to us.
Click here to CONTACT US or to DOWNLOAD THE BROCHURE
Representative example of a Green Finance loan - Business
On a fully utilised commercial Green Finance loan of €50,000 at a variable borrowing interest rate of 2.35% p.a. for the full duration of 10 years, the APRC will be 2.38% p.a. The loan will be repayable in 120 equal monthly instalments of €468.69. The total sum payable throughout the term of the loan will be €56,242.80 (being capital of €50,000, interest of €6,142.80, and a €100 processing fee).
In this example, the interest rate subsidy of 2%, provided by the European Investment Fund, would result in a further interest savings of €2,639.52 during the first 36 months of this facility, bringing the total amount payable over the full term of the facility down to €53,603.28 (being capital of €50,000, interest of €3,503.28, and a €100 processing fee).
CliMalta
An online tool titled ‘CliMalta’ has been developed by the European Investment Bank thanks to funding support from the European Investment Advisory Hub and in a close cooperation with the European Investment Fund and adelphi. This tool is aimed at helping users identify the possible energy related savings and possible financial savings that will be recognised through an investment into energy efficiency and renewable energy product solutions.
CliMalta will contribute to implementation of the Financial Instrument for Energy Efficiency and Renewable Energy in Malta (FI EERE). This instrument is dedicated to facilitating access to finance for both households and enterprises (entrepreneurs, SMEs, mid-caps) in relation to energy efficiency and renewable energy investments in Malta. FI EERE is implemented by the European Investment Fund and co-financed by the Republic of Malta and the European Union under the European Regional Development Fund.
Approved and issued by APS Bank plc, APS Centre, Tower Street, B’Kara BKR 4012. APS Bank plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994 and to carry out Investment Services activities under the Investment Services Act 1994. The Bank is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act 2018. The Bank is a participant in the Depositor Compensation Scheme established under the laws of Malta.Applications are subject to the Bank’s lending criteria. Terms and conditions apply and are available on request.