The project must result in energy saving of at least 15%.
Apart from technical specifications of the equipment/systems to be financed, the Borrower shall submit invoices of such equipment/systems, as well as shall submit technical specifications and energy consumption data of the equipment to be replaced, if possible.
. If the Borrower prematurely repays the loan, he/she will pay a penalty in the amount of 20 (twenty) percent of the interests no accrued yet, however, stipulated by the repayment schedule.
. Loan decision shall be made in compliance with the SME and Commercial Loan Disbursement Procedure.
. After the authorized body has made a loan decision, the borrower shall be notified about it within one day. The required documents shall be collected and the loan shall be disbursed within 15 business days after the loan disbursement decision has been made. If the loan is not disbursed within the mentioned period, the decision made by the authorized body shall be deemed as void and shall be submitted to the authorized body for a second consideration in case the loan application is subject to review.
. In case the loan is disbursed in US dollars, changes in foreign currency exchange rate may influence the loan repayments.
. If the borrower has 10 (ten) and more past due days within 12 (twelve) months preceding the loan application, а loan processing fee shall be charged from the Borrower twice as much.
Appraisal companies cooperating with the Bank.