Our intention through the Green Loans Program is to finance environmental friendly projects to encourage customers to optimize and recycle natural resources. We also aim to help individuals and institutions to acquire environmental-friendly equipment and supplies in order to save money and make better use of available resources.
Benefits of the Program
- First of its kind in Palestine to finance environment-friendly projects.
- Financing can go up to 100% for individuals and 90% of the institutions.
- Extremely reasonable interest rates.
- Repayment period up to 7years.
- Provision of the highest rate of financing without a maximum.
- Contribute to providing a good return on investment at the lowest cost.
- Possibility of financing all environmental-friendly projects and products.
- The possibility of financing recycling or waste recycling projects (cardboard - glass - plastic).
Terms of the Program
- The project has to be environment-friendly.
- Use of accredited suppliers to implement the projects according to quotes. It is possible, however, to finance some cases if external suppliers are used.
- The loan will be in USD.
Types of accepted collateral required for the loan
- The guarantors should have their salaries transferred to Bank of Palestine.
- The traders should have good accounts at Bank of Palestine.
- Mortgaging gold.
- Mortgaging vehicles.
- Term deposits.
- Mortgaging property.
- Mortgaging stocks.
- Any other collateral that follows the bank’s policy.