“Invest” in the sun.
Photovoltaic System Loans
AstroBank, expresses its sensitivity in environmental issues, through a comprehensive financing solution for the purchase and installation of photovoltaic systems.
What are photovoltaic systems?
Photovoltaic systems convert solar radiation to electric energy. They can be placed/installed both on buildings and land plots. Their operation is reliable, silent and pollution free with lifetime duration of up to 30 years which requires minimal maintenance.
Photovoltaic systems result in:
• Environmental benefits, for the society
• Economic benefits for those installing them either on their house, plot of land or their enterprise
• Purchase and installation of photovoltaic systems up to 20KW
• Private individuals
• Monthly installments which include interest and capital
• Up to 15 years provided that the total tenor does not exceed the 70th year of the applicant’s age
• Grace period of up to 6 month on capital
• The loan is being repaid at a great extend by:
1. the government sponsorship from the Ministry of Commerce, Industry and Tourism
2. the receivables from the sale of electric energy to E.A.C
• Partial or full early repayment any time
Variable for the whole duration of the loan
For more information, please visit today one of our branches or call at 800 11 800 (+357-22575555 from abroad) 24 hours / 7 days a week.
1. Loan Fees:
(a) Arrangement Fees (b) Documentation Fees.
2. Required Securities:
- Assignment in favour of the Bank of the subsidy to be received form the Ministry of Commerce, Industry and Tourism
- Assignment in favour of the Bank of receivables from the sale of electrical energy to E.A.C
- Assignment in favour of the Bank of photovoltaic systems insurance contract
The approval of the loan is subject to the admission of satisfactory guarantees by AstroBank Limited. The Bank reserves the right to wirthdraw or ammend the present offer at its absolute discretion.