Green Loan for eco-friendly technologies

No, you can get the Green Loan even if you are not yet a client of VÚB.

You only need an ID and documents certifying the investment made (if you already have them). If you are a self-employed person, you will also need to submit a tax amount certificate (based on the filed tax return) and a tax payment certificate.

The obligation to prove the intended use of the provided funds must be met within 12 months from the date of drawing the loan. Documents certifying the intended use can also be submitted using the Remote Bank option in VÚB Internet Banking or Mobile Banking.

If you fail to prove the purpose of using the Green Loan funds in time, the preferential interest rate will no longer be applied and will be increased by 2% p.a.
If your repayment period is longer than 96 months, we’ll help you calculate your monthly instalments at any branch.

Yes, but the document certifying the completion of the “green” project must be issued no more than 12 months before applying for the Green Loan.

You will receive the Reward in the form of a 2% discount on the interest rate as soon as you draw the Green Loan – you will pay lower monthly instalments right from the start.

A representative example of the VÚB Loan with a Reward, i.e. a discount on the interest rate, and without the Green Loan benefit:

For a VÚB Loan with a Reward, i.e. a 2% discount on the interest rate, and without the Green Loan benefit in the amount of €5,000.00, with an interest rate of 11.10% p.a. and a repayment period of 96 months, the monthly annuity instalment is €78,81. The annual percentage rate of charge (APRC) is 12.14% and the number of instalments is 96. The loan origination fee is 2% of the loan amount, in this case €100. The total amount the client has to pay is €7615,76 without insurance.
The APRC is calculated using the following assumptions: date of drawdown – today; date of the first instalment in 15 days; the annuity instalment amount is assumed to be the same throughout the repayment period. The granting of the loan under the specified conditions is subject to approval by the Bank and depends on the assessment of the applicant’s ability to repay the loan. The APRC is calculated to two decimal places.

A representative example of the VÚB Loan without a Reward, i.e. a discount on the interest rate, and with the Green Loan benefit:

For a VÚB Loan without a Reward, i.e. a 2% discount on the interest rate, and with the Green Loan benefit in the amount of €5,000.00, with an interest rate of 10.90% p.a. and a repayment period of 96 months, the monthly annuity instalment is €78,27. The annual percentage rate of charge (APRC) is 12.27% and the number of instalments is 96. The loan origination fee is 2% of the loan amount, in this case €100. The total amount the client has to pay is €7613,92 without insurance.
The APRC is calculated using the following assumptions: date of drawdown – today; date of the first instalment in 15 days; the annuity instalment amount is assumed to be the same throughout the repayment period. The granting of the loan under the specified conditions is subject to approval by the Bank and depends on the assessment of the applicant’s ability to repay the loan. The APRC is calculated to two decimal places.

A representative example of the VÚB Loan without a Reward, i.e. a discount on the interest rate, and without the Green Loan benefit:

For a VÚB Loan without a Reward, i.e. a discount on the interest rate, and without the Green Loan benefit in the amount of €5,000.00, with an interest rate of 13.10% p.a. and a repayment period of 96 months, the monthly annuity instalment is €84.32. The annual percentage rate of charge (APRC) is 14.43% and the number of instalments is 96. The loan origination fee is 2% of the loan amount, in this case €100. The total amount the client has to pay is €8144,72 without insurance.
The APRC is calculated using the following assumptions: date of drawdown – today; date of the first instalment in 15 days; the annuity instalment amount is assumed to be the same throughout the repayment period. The granting of the loan under the specified conditions is subject to approval by the Bank and depends on the assessment of the applicant’s ability to repay the loan. The APRC is calculated to two decimal places.

To maintain the preferential interest rate, you must meet two criteria: Firstly, you must repay the loan regularly and on time. Secondly, if you want to make an extraordinary instalment or an early repayment before the agreed maturity date, you may only do so under the following conditions:
•    with a repayment period of 13–36 months, the loan may not be repaid early (in full or partially) for the entire repayment period
•    with a repayment period of 37–96 months, the loan may not be repaid (in full or partially) sooner than after 3 years and not before half of the repayment period has elapsed.
The interest rate discount will also lapse if:
•    you are in arrears with paying two or more consecutive annuity instalments or any other monetary obligations under the loan agreement
For more information about the terms of the benefit, please use the CONTACT service or visit any VÚB branch.

The document certifying the intended use of the loan must be issued in the name of the borrower/co-borrower.

To prove the intended use, you can submit the following documents:

• when buying a product that improves the energy efficiency of a property:
• product energy certificate before the investment and energy certificate after the investment
• service contract
• invoice and proof of payment
• when buying an environmentally friendly vehicle:
• invoice for the purchase of a new/used electric or hybrid vehicle and proof of payment
• when obtaining project documentation and energy certificate:
• invoice or proof of payment.
   

All valuable advice and information on how to deal with difficult situations can be found HERE.

In order to receive a refund of the loan origination fee after 36 months, you only need to send 2 times the monthly instalment to your current repayment account at VUB. If you have multiple loans with this benefit, then you need to send 2 times the sum of the monthly repayments of the loans with this benefit.