About the programme
The Energy Security Support Facility (ESSF) of the European Bank for Reconstruction and Development (EBRD) offers a grant incentive (cashback) of up to 25% of the loan amount.
The programme has been made possible thanks to the support of France, Canada, Italy, Japan, Norway, Switzerland, the United Kingdom, Germany, the Netherlands, Denmark, and other partner countries.
Loan details
Age
from 21 to 65 years
Official income
from UAH 20,000 monthly
Borrower
Individual resident
Loan purpose
Purchase and installation of EBRD-approved equipment, including:
- solar photovoltaic (PV) systems;
- LiFePO₄ battery energy storage systems (minimum capacity of 1 kW);
- heat pumps;
- solar thermal heating systems;
- solar water heating systems;
- insulation, energy-efficient windows, and doors.
Loan amount
UAH 100,000 ‒ 3,000,000
Loan term
From 12 to 60 months
Interest rate
22% per annum
Fixed for the first 12 months, then variable, with a review every 12 months based on the UIRD index
Fees
One-time disbursement fee — 1%
One-time fee for collecting and verifying information in the relevant registers and bureaus — UAH 1000
Down payment
Not required
Repayment type
Annuity or classical
Collateral
No collateral required
Insurance
Not required
Loan disbursement form
Disbursement to the current account of an individual in UAH with control of targeted use
Additional conditions
Transfer of the borrower’s and guarantor’s (if any) income to accounts opened with ProCredit Bank
EBRD grant support
If the purchased equipment meets the programme requirements, borrowers may receive a cash grant of:
up to 25% of the loan amount for vulnerable customer categories;
up to 15% of the loan amount for all other borrowers.
Passport document and TIN (Taxpayer Identification Number)
Income verification documents — reviewed individually by the credit manager
Client’s consent for credit history check via the Credit Bureau
Loan application
Purchase and sale agreement and/or invoice for the selected equipment
Documentary evidence confirming eligibility for the Vulnerable Borrower category, any other supporting documents that may be required
Notifying the consumer of the potential repercussions should they choose to use the banking service or his failure to carry out the duties outlined in the agreement for the supply of this banking service.
The bank may demand early repayment of a loan in the following cases:
- delay in repayment settlement of financial obligations under the loan contract by more than one calendar month.
- material violation of the terms and conditions of the loan contract by the client.
- submission of false or incomplete information to the bank by the client before or after the loan is granted.
The client may repay a loan early (either in full or in part) by submitting a statement of early repayment in the form prescribed by the bank, before the scheduled date of repayment.
If the client fails to repay a loan and pay the interest thereon when due, the bank accrues the late penalty in an amount equal to double the refinancing rate of the National Bank of Ukraine in effect during the period in which the late penalty is paid, on the past due amount.
Should the Client fail to comply with the requirements concerning collateral insurance, submission of documents evidencing income, or the designated use of loan proceeds, the Bank shall have the right to impose a penalty of up to five percent (5%) of the disbursed loan amount, applied once for each instance of non-compliance identified.
If the loan is past due, the client pays the interest on the loan/a part thereof following the due date of the loan/a part thereof in an amount equal to the interest on the loan determined in accordance with the loan contract, for each calendar day of delay, which is calculated on the actual/360 basis of the balance of the loan that is due, from the date of incurring of the debt until complete repayment thereof.
The bank may furnish information on the client’s debt to the credit bureau/credit register of the National Bank of Ukraine, including information on the client’s negative credit history, which may be considered by the bank when it takes a decision on the loan in the future.
The bank may not require the client to purchase any goods or services from the bank or from a related or affiliated person as a pre-condition for receiving a loan.
The bank may not make amendments to contracts concluded with the clients unilaterally unless otherwise provided for by the contract or laws of Ukraine.
The client may opt to refuse to receive promotional materials via the remote communication channels via this link.
Following the termination of the agreement on the provision of banking services, including in connection with the expiration, termination or execution of the agreement, the client has the right to contact the bank with a request for information (certificate) regarding the fulfillment by the parties of their obligations established by the agreement, including information on the absence of debt and complete fulfillment of the client's obligations under the contract, which the bank provides in the form of a paper or electronic document (in accordance with the client's preferences) within five working days from the day the bank receives the request.
Loan application process
Application review
- Submit an application with your preferred loan parameters
- Complete the credit history check procedure and collect the required documents
- Wait for approval of your loan application
Loan disbursement
- Make sure you have an open account or submit an application to open one
- Sign the required agreements to receive the loan into your current account
- Confirm the intended use of the funds
FAQs
To qualify for EBRD grant support, the customer must fulfil the following requirements:
- provide the EBRD consultant with a complete set of documents required to verify the installation of the equipment no later than 9 months from the date the loan is disbursed;
- successfully pass the verification process and obtain confirmation from the EBRD consultant that the equipment has been installed correctly and complies with the programme requirements;
- not repay the loan in full before the EBRD consultant has completed the equipment installation verification.
No, the Bank issues only purpose-specific loans.
• The annuity repayment scheme involves equal monthly payments throughout the loan term. At the beginning of the term, a larger portion of the payment goes towards interest, while a smaller portion repays the principal. Towards the end of the term, this proportion reverses.
• The classic repayment scheme provides for a gradual decrease in the monthly payment amount. The principal is repaid in equal instalments throughout the entire loan term, while interest is calculated on the outstanding balance, resulting in lower interest payments each month.
UIRD (Ukrainian Index of Retail Deposit Rates) is a Ukrainian index of retail deposit rates calculated based on deposit rates offered by leading Ukrainian banks. You can forecast the interest rate by monitoring UIRD dynamics, analysing the NBU’s decisions on the key policy rate and considering macroeconomic indicators such as inflation. However, making an accurate forecast is difficult due to the influence of various economic factors.