Green Project Financing Program in cooperation with (EBRD)

Program Definition

A program dedicated to financing all forms of green projects and products for private sector customers including small, medium, and large enterprises, in cooperation with the European Bank for Reconstruction and Development, the European Union, and the Green Climate Fund.

Beneficiaries of the Program

All bank customers from private small, medium, and large enterprises

Interest Rate

An interest rate is applied according to the bank's prevailing rates at the time of granting.

Financing Ceiling

Funding up to 2 million US dollars or its equivalent in Jordanian dinar for 1 client and financing ceiling up to 1 million US dollars or its equivalent in Jordanian dinar for per loan.

Financing Currency

Jordanian dinar or US dollar*

*Compliance with regulations for granting facilities in foreign currency will be assured

Loan Duration

The loan tenor can be up to 5 years including the grace period. The monthly interest due is paid during the grace period.

Guarantees

The bank may request any additional guarantees from the client based on the credit situation assessment.

Purposes of Financing

-Financing environmentally friendly projects and activities that fall under green lending projects, including:

Water conservation
Renewable energy
Energy efficiency
Recycling
Green buildings and their furnishing
Waste management
Soil care

-Financing all eligible products available on the GTS / Fast Track platform.

Platform link:

Green Technology Selector (techselector.com)

Benefits Provided Through the Program:

10% or 15% Cashback of the loan amount
Customers obtaining a certificate of compliance with environmental, social, and governance (ESG) sustainability standards
Provision of free technical and engineering support for customers by specialists in the field of green finance and products, in addition to monitoring project implementation and assessing their profitability and financial, technical, and environmental risks to ensure they can be managed and mitigated

*Approval is subject to the program's terms and conditions in regards to the type of products required and the value of financing.

Cash Back Terms and Conditions:

The cashback amount will be disbursed within 3 months from the date the program is notified of the project implementation, either by providing proof or by visiting the site to verify the installation of the technologies
The EBRD approval must be obtained to approve the disbursement of the cash back amount
The cashback rate is applied according to the type of project, as follows:

10% Cashback	15% Cashback
Energy Efficiency (EE) projects	Water saving projects
Renewable Energy (RE) projects	Recycling/Waste management projects
Green buildings and their fittings projects	Soil care projects

Cashback incentive Period:

Ends either when: The total loan amount has been fully utilized, or upon the final repayment date at the end of December 2028 with the European Bank for Reconstruction and Development (EBRD).

Housing Bank

Sectors

Products & Services

Useful Links