Energy efficiency loans

• Type of loan: Energy efficiency loan, with a refund of up to 20%
• Loan currency: RSD
• Indexing criteria: no criteria
• Loan amount: up to RSD 5.850.000
• Downpayment: none
• Repayment period: 12 - 95 months
• NIR (per annum, fixed): 9%
• EIR: from 10,09 %
• Loan application processing fee: 0,00%
• Additional expenses: 2 bills of exchange RSD 50/each, Credit Bureau Report - RSD 246, Basic Account Package maintenance fee - RSD 150
• No maintenance fees on your loan account
• Payment per a pro forma invoice made to the seller

Collateral: 

• for loan amounts up to RSD 1,200,000 no promissory notes and an administrative ban are required
• for loans from RSD 1,200,001 to RSD 3.500.000 promissory notes and an administrative ban are required;
• for loans from RSD 3.500.001 to RSD 5.850.000 promissory notes, an administrative prohibition and mortgage are required 

Payment in accordance with the loan agreement.
All examples are given with the transfer of earnings to an account maintained at ProCredit Bank and with the use of a Basic package account.
The stated conditions are informative

*The Bank reserves the discretion to request additional documentation from the client on the basis of credit risk assessment

• Type of loan: Energy efficiency loan, with a refund of up to 20%
• Loan currency: RSD
• Indexing criteria: no criteria
• Loan amount: up to RSD 5.850.000
• Downpayment: none
• Repayment period: 12 - 95 months
• NIR (per annum, variable): 5.2% + 3m Belibor
• EIR: from 10.55%
• Loan application processing fee: 0,00%
• Additional expenses: 2 bills of exchange RSD 50/each, Credit Bureau Report - RSD 246, Basic Account Package maintenance fee - RSD 150
• No maintenance fees on your loan account
• Payment per a pro forma invoice made to the seller

Collateral: 

• for loan amounts up to RSD 1,200,000 no promissory notes and an administrative ban are required
• for loans from RSD 1,200,001 to RSD 3.500.000 promissory notes and an administrative ban are required;
• for loans from RSD 3.500.001 to RSD 5.850.000 promissory notes, an administrative prohibition and mortgage are required 

Payment in accordance with the loan agreement.
All examples are given with the transfer of earnings to an account maintained at ProCredit Bank and with the use of a Basic package account.
The stated conditions are informative
For a representative example, the value of 3M Belibor 4.68% was used (as of June 1, 2025).

The Bank adjusts the nominal annual interest rate, which is contracted as variable, to the movement of the three-month BELIBOR, depending on the type of loan. Alignment with the three-month BELIBOR is done quarterly, on December 1, March 1, June 1. and 01.09. which precede the months in which the change takes effect, i.e. on the first following working day if it falls on a non-working day and are valid from the first day of the month of January, April, July, or October. 01.06. and 01.09. in the months in which the three-month BELIBOR is determined, in which the newly determined value of the three-month BELIBOR will be applied and will be valid until the next three-month determination in the manner described. On the day of concluding an individual contract with the client, the Bank will apply the value of the three-month BELIBOR - which are valid at the time of concluding the contract, and are determined in the manner described above.

*The Bank reserves the discretion to request additional documentation from the client on the basis of credit risk assessment

Vrsta kredita: Kredit za energetsku efikasnost sa povraćajem do 20% ( ponuda važi do isteka linije EBRD/GEFF )

Uslovi:

• Kamatna stopa: 7,50 %
• Ročnost: 12 - 95 meseci
• Valuta: RSD
• Iznos: 120.000 - 1.000.000 RSD
• Prenos primanja: Da, minimum u iznosu ukupnih mesečnih obaveza po kreditima kod Banke
• Sredstva obezbeđenja: nema

Reprezentativni primer:

• Iznos kredita: 1.000.000 RSD
• Valuta kredita: RSD
• Kriterijum za indeksiranje: nema
• Učešće: nema
• Period otplate: 71 meseci
• NKS (godišnja, fiksna): 7,50%
• EKS:  8,21 %
• Naknada za obradu kredita 0,00%
• Mesečna rata: 17.732,24 RSD
• Ukupan iznos kredita koji će korisnik vratiti nakon 71 meseca: 1.241.263,83 RSD
• Sredstva obezbeđenja: nema 

Ponuda važi od 15.09.2025. do 15.09.2026. godine.

The GEFF is a green economy financing facility developed by the European Bank for Reconstruction and Development to support the financing of efficient technologies in households.

The total amount of the facility is €85 million.

The programme is supported by European Union funds, as well as other donators: Federal Ministry of Finance of the Republic of Austria and the Western Balkan Investment Framework, financing technical collaboration programmes through this facility, implemented in cooperation with the Energy Community Secretariat. 

Before applying for a loan, it is necessary to register on the GEFF platform https://ebrdgeff.com/serbia/rs/.

After registration, you will receive an e-mail for account activation and an additional e-mail or WhatsApp message with important information about the loan.

Registration is required to apply for a refund

See the registration instructions

To receive a refund, all you need to do is to register on the GEFF website, by submitting the online application form through the Verification System.  You need to submit the following documentation: Eligibility Certificate, invoice, bank-issued proof of payment, Loan Agreement, photos of completed works (taken according to the GEFF Photo Manual), and information concerning the bank account to which the funds are to be transferred. 

There is a calculator located on the GEFF website that you can use to calculate any potential energy efficiency savings on your investment. 

Enter the characteristics of your home and check mark the technologies you intend to install. You will then receive an approximation of the amount of energy efficiency savings you can expect to receive as well as annual expenditures. 

Additional installation costs and ancillary activities, such as the purchase of supporting materials, that do not fall under the category of energy efficient materials, delivery and installation, are all included in the grant, up to a certain amount and according to the following table.  

Eligible technologies    Auxiliary costs (percentage of the technology cost)

• Thermal insulation of outdoor walls    600%
• Partial thermal insulation of partition walls    200%
• Thermal insulation of roofs and top floors/attics    100%
• Thermal insulation of floors    100%
• Biomass boilers    100%
• Gas pumps    100%
• Heat pumps    70%
• High efficiency lighting systems    50%
• Solar water heaters    50%
• Doors, windows    25%
• Ventilation systems (mechanical ventilation with heat recovery)    25%
• Hot water storage tanks    25%
• Built-in, integrated photovoltaic systems     10%
• Air conditioning systems, refrigerators, freezers and combination refrigerators/freezers – not eligible for a refund    10%

Yes, it can. You are eligible for a loan to purchase air conditioners and other products (refrigerators, freezers or combination appliances) not listed in the Technology Selector; however, you will not receive a financial grant, that is, a refund.
 

Yes. You can finance the installation of technologies on more than one project i.e., on multiple locations, all through a single loan.

Yes. You can use the loan to purchase multiple products from different categories (e.g., installing new windows or biomass boilers). This, in fact, is recommended. In this way, you are entitled to a larger refund i.e., up to 20% when you invest in a minimum of 2 technologies.  

While investing in a single technology includes a 15% grant. 

No. For example, if a loan was already approved for the purpose of installing windows, the same windows cannot be replaced through another loan for the same purpose.  

Yes. You can apply for more than one loan on a single-location project (e.g., you can finance insulation through one loan, and install new windows through another).  

No. You do not need to own or co-own the building/facility, nor do you need to be registered at its address. You can take out a loan for family members. The only limitation is that you cannot finance the installation/ purchase of the same type of product twice, at the same address. 

No. This loan cannot be used to finance the thermal insulation of just one flat of a residential building. You can finance the thermal insulation of just one flat if the entire façade of the building is being renovated.

Yes, they can. In this case, project financing is secured as one loan and if more than one technology is included, a higher grant is given (20% instead of 15% for just one technology).

For example, if one spouse takes out a loan for insulation, and the other a loan to purchase a heat pump, this is treated as an investment in two types of technologies and entitles you to a higher refund of 20%, despite the fact that each of these individual loans is connected to just one technology.
 

No. You are eligible for a financial grant issued by EBRD i.e., refund, only if you have not/plan not to apply for a grant from another institution or government subsidy. You are prohibited from applying for more than one grant for the same project.