Personal > Loans > Energy Loans

Purpose: Purchase and Installation of photovoltaic systems.
Maximum Finance Amount: € 6.000
Maximum Repayment Period: Five (5) years.
Minimum Customer Contribution: 20% of the purchase price.
Applies to: Permanent residents of Cyprus aged 18-65 years old.
Currency: Euro
Interest: Variable Interest Rate according to the level of the customer’s contribution as follows:

Contribution Interest Rate Annual Percentage Rate of Charge (APRC) Estimated Monthly Instalment Total Payment Amount
20%  - 30 % BBR + 0,30% 5,89% €113,83 €6.904,99
>30 % BBR +0,05% 5,63% €113,14 €6.863,70
  • BBR = Bank Base Rate equals to 4,92%.
  • TheAPRC hasbeencalculatedfor a loan amount of €6.000, repayment period of 5 years and with initial bank fees (arrangement, documentation and stamps duty).

Arrangement Fees: 0,50% on loan amount
Documentation Fees€40
PenaltyFees for early repayment: None


  • At least one (1) Personal Guarantee.


  • The Bank reserves the right to decline any application based on its judgement and to withdraw any product at any time.
  • The granting of facilities is subject to the satisfactory assignment of collateral by the debtor.
  • The facility’s interest rate and instalment may be amended at any time by the Bank, provided that there is a change of the base interest rate linked with the facility.

 For more information about the product, terms & conditions, you can refer to any USB Bank Branch, or Customer Teleservice Center