Financing Solutions
Green Energy Solutions
Overview
Wise expresses its awareness of environmental issues through a comprehensive green energy financing solution for the purchase and installation of green energy systems, resulting in economic and environmental benefits.
The favourable terms and conditions of the green energy loan product reflects the Bank’s Corporate Social Responsibility to support renewable sustainable energy development.
Eligibility:
- Private Individuals
- Corporate Businesses
What we offer
- Flexible loan instalments linked to the income of the green energy project
- Tenor of up to 12 years
- Grace period of up to 6 months on repayment of capital or until the project becomes operational
Requirements
How to apply
Applicants are required to complete and submit the following:
- The Credit Facility Application Form
- The Personal Financial Statement (PFS). Where applicable, the PFS must also be completed by all guarantors/security providers
- The supporting information/documentation as stated on the relevant document
- The relevant checklist for Legal Entities, Self-employed and Freelancers or Natural Persons
- A feasibility study and all relevant documents confirming that the client has all the necessary approvals from the EAC, the Ministry of Commerce and any other authority
For the evaluation of a green energy credit facility request, all above documents must be submitted to the Bank.
Existing clients
- Existing clients may contact their personal Client Relationship Officer (CRO) and communicate their request through email, mail or fax
New clients
- New clients have the option of contacting one of our experienced CROs to guide them through the process or by directly submitting their initial request through email, mail or fax
Requested assignments in favour of the Bank
- Guaranteed subsidies receivable from the Government
- Receivables from the sale of electrical energy to EAC
- Green energy system’s insurance contract
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