REWARD/Electric Vehicle Project

  

Description

Financial assistance to entities that will engage in Renewable Energy projects in support to national government’s call to develop alternative energy sources

 

Eligible Borrowers

  • Sole Proprietorship
  • Partnership
  • Corporation (at least 60% Filipino-owned)
  • Cooperatives
  • Local Government Units
  • Non-government organizations with legal personality to borrow

Eligible Projects

  • Biofuel
  • Biomass
  • Hydropower
  • Wind projects (power and non-power)
  • Geothermal
  • Solar photovoltaic (PV)
  • Solar water heaters
  • Co-generation

Loan Purpose

 

  • Working Capital
    • Fixed Asset Investment

Amount of Loan

Project requirement subject to loan ceiling of the Bank for each client type.

Term of Loan

  • Short term – 1 year
  • Permanent Working Capital – 5 years

Term Loan - Maximum of 10 years

 

Loan Security

 

  • Real Estate Mortgage
  • Chattel Mortgage
  • Hold-out on deposits
  • Assignment of Receivables and /or Inventories
  • JSS of principal stockholders/officers
  • Assignment of IRA (for LGUs)
  • Guarantee cover
  • Other securities that are acceptable to the Bank

Contact Number/Person

Ms. Minda Narciso / 522-0000 local 2448 and Ms. Ana Antepuesto / 522-0000 local 2589