Mixed Sustainable Loan
Improve the energy efficiency of your business
We will help you finance any renovation work or equipment purchase aimed at saving energy.
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Up to 100% financing
We will lend you up to 100% of the value of the renovation work or the purchase of equipment designed to save energy.
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Loan term of up to 8 years
Provided it does not exceed your retirement age.
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Mixed interest rate
2.75% the first two years and Euribor + 1.25% for the remaining term.
Features
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A loan to finance renovation work on your business or to buy equipment to save energy, including the installation of solar panels.
See Terms & Conditions - The interest rate of the Mixed Sustainable Loan is comprised of a fixed portion, 2.75% for the first and second year, and a variable portion, 12-month Euribor + 2.75% for the rest of the term.
- You will have access to all the capital in one go, at the beginning of the loan.
- Repayment term of up to 8 years, provided it does not exceed your retirement age.
- Choose the day you want the monthly instalment to be debited from your account.
- You can also apply for the Government of Andorra’s grants in this field.
Overall features:
- The interest rate of the Mixed Sustainable Loan is comprised of a fixed portion for the first 2 years of the loan and a variable portion (12-month Euribor) for the rest of the term, to which is added a differential made up of the Euribor rate* plus the agreed differential rate.
- Fixed interest rate: 2.75%
- Variable interest rate: 12-month Euribor rate + 1.25%.
- Loan amount you can apply for:**
- Up to 100% of the investment value.
- Term and repayment:
- Up to 8 years.
- Fees associated with the loan:
- Application fee: 0%.
- Partial or total early repayment fee:
- Year 1 , 2 , 3 , 4: 1.00%
- Remaining years: 0.00%
- Capital and interest grace period: N/A.
- The loan is subject to review and approval by MoraBanc.
- The information obtained from the interest rate simulation for the loan does not constitute an offer, as the interest figure is provided for information purposes only.
Documents and requirements necessary for the application process in the case of an individual (in their capacity as business owner):
- Documentation for the application review process:
- Passport/ID.
- Residence and work permit.
- Renovation work or purchase estimate (with an energy certificate dated prior to the work or purchase).
- Business plan or project study.
- Latest Corporate Income Tax (IS), General Indirect Tax (IGI) and employee’s CASS contributions payments to check that the applicant is up to date with the payment of these tax obligations.
- Requirements for the completion of the loan:
- Residence in the country of more than 12 months.
- Length of service in the company of more than 6 months.
- Life insurance in favour of MoraBanc.
- Proof of payment of the purchase or service (by bank transfer from MoraBanc).
- Energy certificate showing the improvement in efficiency after the renovation work.
Documents and requirements necessary for the application process in the case of a legal entity:
- Documentation for the application review process:
- Renovation work or purchase estimate (with an energy certificate dated prior to the work or purchase).
- Business plan.
- Audited financial statements.
- Valuation of additional personal guarantees.
- Latest Corporate Income Tax (IS), General Indirect Tax (IGI) and employee’s CASS contributions payments to check that the applicant is up to date with the payment of these tax obligations.
- Requirements for the completion of the loan:
- Proof of payment of the purchase or service.
- Energy certificate showing the improvement in efficiency after the renovation work.
Other conditions
** The interest rate will be revised with the periodicity of the 12m Euribor. If the Euribor is negative, the following rate will apply: Euribor = 0% + differential rate.
** In the case of a loan for an individual, the monthly repayment amount cannot exceed 35% of the affordability ratio, i.e. the coefficient between the annual repayments plus rent (if there is no mortgage) and the net fixed income (annual income net of income tax and CASS contributions). The maximum loan term cannot go beyond the age of retirement. You can choose the day you want your monthly instalment to be debited.
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Information on the processing of personal data
In compliance with Law 15/2003 of 18 December on protection of personal data, the customer authorizes that the applicant’s personal data entered on this form will be incorporated into files owned and managed by MORA BANC GRUP, SA – MORA BANC, SAU (hereafter referred to as “MoraBanc”) to process the requested service and, if necessary, to comply with the contracts finally entered into, and also to ensure correct operational procedures.
The applicant expressly authorises MoraBanc to send him/her commercial and promotional communications for products and services and information on the Bank itself, social or other activities, in hardcopy by post or by electronic means (among others, short messages (SMS) to mobile phones, e-mail, etc.). This consent can always be withdrawn, without retroactive effect.
The fact of filling out this form implies that the applicant acknowledges that the information and personal data provided are true, accurate and correct; otherwise, MoraBanc declines all responsibility for the lack of truthfulness or correctness of the data.
The applicant authorises the data provided to be communicated or shared with third parties forming part of the MoraBanc business group, entities which are primarily active in the financial, insurance and service sectors. The applicant is considered as having been informed of this transfer of information by means of this clause. The applicant accepts that he/she may be sent information on any product or service marketed by these companies.
The data processing manager is MoraBanc. The applicant is hereby informed that the rights of access, rectification, suppression or opposition may be exercised in the terms established in current legislation.
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