Be the Difference with the APS Green Finance Loan

green finance
GREEN FINANCE

Be the Difference with APS Green Finance

We are committed to promote and make a positive, sustainable impact. This is why we partnered with the European Investment Fund (EIF) for the APS Green Finance loan offering. This loan falls under the Energy Efficiency and Renewable Energy investment scheme of EIF. 

What is the APS Green Finance?

With the APS Green Finance loan, we support you, or your business, to invest in improvements for a more sustainable future.  While benefiting from longer loan repayment terms, subsidised interest rates, and more.

How does the APS Green Finance Loan benefit you?

  • 2.50% p.a. variable interest rate for the first 10 years. 2.05% p.a. variable interest rate for the remaining term, if applicable
  • EIF interest rate subsidy of up to 2.50% for the first 10 years
  • 15 years maximum payment term (depending on the life assets being financed)
  • Reduced security requirements
  • No processing, commitment, early repayment or legal fees

What products does the APS Green Finance Loan support?

  • Electric 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)
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 2.50% p.a. for the first 10 years, followed by a 2.05% p.a. variable interest rate for the remaining 5 years, the Annual Percentage Rate of Charge (APRC) will be 2.48% p.a.

The loan will be repayable in 120 equal monthly instalments of €167.11, followed by 60 equal instalments of €165.22. The total sum payable throughout the term of the loan will be €29,966.40, being:

  • €25,000 capital
  • €4,966.40 interest
  • no booking fee will apply

In this example, the applicable interest rate subsidy of 2.50%, provided by the EIF, would result in a further interest savings of €4,460.93 during the first 120 months of this facility, bringing the total amount payable over the full term of the facility down to €25,505.47 being:

  • €25,000 Capital
  • €505.47 interest
  • no booking fee will apply

The credit agreement is to remain valid for the period agreed between the Bank and the consumer, and that both parties will fulfil their obligations under the term and by the dates specified in the credit agreement.

green finance business

Business Green Finance Loan

Benefit by making your Business Greener

This is the time for your business to invest in environmentally friendly practices and cleaner technologies. The APS Green Finance Loan allows you to run a business that protects our planet whilst benefitting from cost reductions.

How does the APS Green Finance loan benefit your business?

  • 2.50% p.a. variable interest rate
  • EIF interest rate subsidy of up to 2.50% for the full 10-year maximum duration of the loan (depending on the life ofassets being financed), which may lead to no interest being paid in the first 10 years
  • Reduced security requirements

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

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 EIF 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 EIF  and co-financed by the Republic of Malta and the European Union under the European Regional Development Fund.

Further information may be found through he following link: CliMalta - Climate impact calculator

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 2.50% p.a. for the full duration of 10 years, the APRC will be 2.53% p.a. The loan will be repayable in 120 equal monthly instalments of €472.14. The total sum payable throughout the term of the loan will be €56,781.80, being:

  • €50,000 capital
  • €6,656.80 interest
  • €125 processing fee

In this example, the applicable interest rate subsidy of 2.50%, provided by theEIF, would result in a further interest savings of €6,656.80 during the full 120 months of this facility, bringing the total amount payable over the full term of the facility down to €50,125 being:

  • €50,000 capital
  • €0.00 interest
  • €125 processing fee

The credit agreement is to remain valid for the period agreed between the Bank and the consumer, and that both parties will fulfil their obligations under the term and by the dates specified in the credit agreement.

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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 may apply and are available on Terms & Conditions.

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