Projects coordinated by 2018

Interest

3 per cent of fixed annual interest

Loan maturity

Up to 20 years

Loan purpose

Payment for construction works, 50% of technical project preparation value and 50% of maintenance costs

Compensation

15 per cent to measures increasing energy efficiency defined by the Government of the Republic of Lithuania if the previously  calculated heating energy consumption is reduced by at least 20 percent.

Additional state support

Up to 25 per cent to measures increasing energy efficiency defined by the Government of the Republic of Lithuania if the previously  calculated heating energy consumption is reduced by at least 40 percent.

Credit Recipient

An administrator of a project* who signed a credit agreement on his behalf acting in favour of inhabitants.

Period of Grace

Repayment of a credit and credit and interest can be subject to grace period up to 30 months from the day of the disbursement of the first portion.

Disbursement of the Credit

The funds of the credit are paid directly to contractors for the finished works.

Fees

Not subject to charges applicable to document analysis, credit  administration, commitment , amendment of agreement conditions and early repayment of the credit. 

Credit currency

Credit is issued in euros.

Credit repayment approach

Credit is repaid in a linear annuity method - the instalment is reducing each months.

Early repayment of the credit

Inhabitants may repay the credit or its portion prior to the set maturity. This shall not be subject to any extra charge or penalties.

* Project Administrator - administrator of implementation of municipality programme or manager of the objects of common use  of the multi-apartment  house.