Including Energy Efficiency Loans
We provide additional financial support with subsidies from the Ministry of Mining and Energy:
Enhance your quality of life with AIK Banka’s energy efficiency loan
Important Information
When applying for a grant, please bear in mind the conditions set by the Ministry of Mining and Energy. The deadline for submitting grant applications by the general public is 31 December 2024. Due to high demand, applications may be declined even earlier if funds are depleted before the deadline. Response times for grant approval may vary depending on the capacity of the local government and the number of applications. The application processing involves reviewing documentation and field inspections. For more detailed information concerning the status of your application, contact the relevant local government committee. Disbursement of funds is planned once the end user (private individual) pays the entire amount to the contractor and upon completion of the energy upgrades. According to the contract, these works must be completed no later than six months from the date the contract was concluded. For more information on the detailed purpose and application process for grants, please visit the Ministry’s official website.
| Loan amount in RSD | 500.000,00 |
| Nominal Interest Rate, per annum (NIR, fixed) | 8,9% |
| Effective Interest Rate (EIR) per annum* | 10,41% |
| Repayment period | 71 months |
| Monthly instalment | RSD 9.094,00 |
| Application processing fee | Free of charge |
| Additional costs/fees borne by the borrower | Bill of exchange – RSD 50 Credit Bureau report – RSD 246 Monthly account maintenance fee as per the selected package |
| Total Amount Payable (principal, interest, and costs) | RSD 663.623,00 |
• Loan amount: RSD 50,000 – 5,000,000 • Repayment period: 13 – 71 months • Nominal Interest Rate: 8.90% (annual, fixed) • No down payment or deposit required • No loan application processing fee • Open a Current Account package with AIK Banka • Employment must be on a permanent basis • Must be a resident of the Republic of Serbia • Purpose of the loan - to purchase products that contribute to energy efficiency • Mandatory submission of a pro forma invoice
• Replacement of exterior windows and doors • Façade insulation • Roof insulation • Installation of gas boilers • Installation of pellet boilers • Installation of heat pumps (air-to-air, air-to-water, water-to-water, ground-water) • Replacement and installation of new fittings (doors/windows) • Installation of solar panels for electricity • Installation of solar collectors for hot water preparation • Preparation of technical documentation (AG project, mechanical engineering project, energy efficiency report, technical description and list of works, energy passport)
• Municipalities and the Ministry's website will feature offers from partners from whom energy-efficient products may be purchased • Private individuals (residents) submit a request to the Municipality for funds, including the required documentation (as highlighted by the municipalities) • After the municipality approves the request for funds (the municipality subsidises up to 65% of the costs), the private individual then contacts the bank to finance the remaining amount • Private individuals that have received confirmation from the municipality that their request for funds has been approved and a pro forma invoice has been provided then visit the bank to submit their loan application • Once the loan has been approved, the funds are transferred to the private individual’s account to the account of the pro forma issuer
