A loan specifically for home renovation and upgrades, with a refund of up to 20% on your investment
This loan is intended for Registered Agricultural Holdings (private individuals), specifically for the reconstruction and upgrade of family dwellings.
- Flexible instalments tailored to the seasonality of your holding
- RSD loan with a maximum repayment term of 180 months
- Choice of a fixed or variable interest rate
- Maximum loan amount: RSD 5,850,000
- No loan processing fee
- In collaboration with EBRD and GEFF
The loan may be used for household upgrades and renovations, including:
Fitting PVC windows and doors
Installing heat pumps
Insulating your home
Purchasing pellet/biomass stoves
Installing solar panels
Installing heating and cooling systems
Purchasing hot water tanks
Installing energy-efficient lighting
Answers to Frequently Asked Questions
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How can you apply for the loan and the refund?
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- Select the technologies you wish to purchase and download the Certificate of Eligibility
In the Technology Selector developed by GEFF, you’ll find a range of energy-efficient technologies that can be financed with this loan and are eligible for a refund. After selecting all the technologies you wish to purchase, add them to the certificate list, then download a unique certificate covering all selected technologies. Collect pro forma invoices from suppliers
If you’re unsure where to find suppliers offering energy-efficient products and technologies, you can locate nearby vendors in the Technology Selector.Schedule a meeting with a bank adviser and submit your loan application
You’ll need the Certificate of Eligibility and pro forma invoices from the suppliers.
Complete the works and install the selected technologies.
After the loan is disbursed, the bank will confirm that payment has been transferred to the supplier’s account. Once the work is completed and the technology is installed, request an invoice from the supplier.Submit a Verification and Refund Request
Once the works are complete, register and submit an online Refund Request through the Verification System. Watch the video guide for application instructions. You’ll need the Certificate of Eligibility, the supplier’s invoice, proof of payment from the bank, the loan agreement, and your ProCredit Bank account number for the refund transfer. Your account number is located on your debit card.GEFF team verifies your investment
The GEFF team, composed of energy efficiency experts, will review and confirm that your investment meets the loan criteria. This may include an on-site inspection for confirmation.- The bank transfers the refund amount to your account
Upon confirmation by the GEFF experts, the bank transfers up to 20% of the amount to your account. You’re free to use these funds as you wish – whether to make further improvements or perhaps to save in a FlexSave account for future investments.
- Select the technologies you wish to purchase and download the Certificate of Eligibility
Interested in taking out a loan? Send us an inquiry and our adviser will contact you shortly
Developed by:
Supported by:
EBRD GEFF in the Western Balkans is co-funded by the European Union through the Western Balkans Investment Framework, Austria, Japan, and Austria and Switzerland through the High-Impact Partnership on Climate Action (HIPCA). HIPCA is supported by Austria, Canada, Finland, Korea, the Netherlands, Switzerland, Spain, TaiwanICDF and the United Kingdom.
Please be advised: Borrowing money involves financial costs.