The EU bank

Individual loans (direct loans) are granted to projects where the total investment cost exceeds EUR 25 million (EUR 10 million in the case of ACP).

The EIB may finance a maximum of 50% of the total cost of any project.

Individual loans are available to promoters in both the public and private sectors, including banks.

Conditions:

The conditions of financing are adapted to the investment type. Adequate security is needed, such as that provided by a bank or banking syndicate, a financial institution, or a large diversified parent company with a good credit rating.

Interest Rates:

The Bank can offer:

• fixed rates
• revisable fixed rates
• convertible rates (allowing for the change of interest rate formula during the life of the loan at predetermined dates or periods.)

Fees:

In certain cases the EIB may charge project’s appraisal fees, commitment fees or non-utilisation fees. Some other fees, e.g., for required legal services, may also be applicable.

Currencies:

The EIB Group’s financial accounts are in Euro (EUR). In addition, the Bank can lend in:

• UK Sterling (GBP)
• US Dollar (USD)
• Japanese Yen (JPY)
• Swedish and Danish Crowns (SEK and DKK)
• Swiss Franc (CHF)
• Polish zloty (PLN)
• Czech koruna (CZK)
• Hungarian forint (HUF)
• Currencies of Candidate Countries and other EIB partner countries

Repayment:

Repayment is normally on a semi-annual or annual basis. Grace periods for capital repayment may be granted for the construction phase of the project.

For information on loan application procedures, see Applying for a Loan.