LANDBANK's Renewable Energy Lending Program
provides
financing
to
renewable
energy/
energy-efficient projects and supports the national
government's thrust of promoting RE development,
utilization and commercialization, and accelerating
investments in the energy sector
ELIGIBLE BORROWERS
• Sole Proprietorships
• Partnerships
• Corporations (at least 60% Filipino-owned)
• Cooperatives/Associations
• Local Government Unit s (LGUs)
• Financial Institutions (FIs)
• Government-Owned and Controlled Corporation (GOCCs)
• Government Agencies (GAs)
• Non-Government Organizations (NGOs) with legal personality to borrow
ELIGIBLE PROJECTS
• Renewable Energy Projects as defined under RA 9513 or the Renewable Energy Act of 2008
• Biomass
• Geothermal
• Solar Power
• Hydro Power
• Ocean-generated energy
• Wind-generated energy
• Biofuel
• Other Renewable Energy Projects such as but not limited to the following:
• Hybrid Systems
• Fabrication/Manufacturing of RE Technologies, equipment,
and Components
• Energy Efficiency Projects
ELIGIBLE LOAN PURPOSES
• Working Capital
• Permanent Working Capital
• Project Preparation
• CapitaL Expenditures
LOAN TENOR
• Short Term Loan Line:
• Working Capital – Via up to 360 days PN
• Term Loan:
• Permanent Working Capital and Project Preparation – Maximum of
five years inclusive of six months grace period on principal payment
• Fixed Assets Investment – Based on cash flow, maximum of 15 years inclusive of three years grace period on principal payment
• Standby Letter of Credit (SLC)
• Available based on SLC terms and conditions up to a maximum of
360-day PN to coincide with the maturity of the line.
INTEREST RATE
• Prevailing LANDBANK lending rate at the time of availment
FINANCING MIX
• Loan : Maximum of 80% of the Total Project Cost (TPC)
• Borrower’s Equity : Minimum of 20% of TPC
• However, 90:10 for LGUs/GOCCs/ECs/GAs
COLLATERAL
• Any or a combination of the following:
a. Real Estate Mortgage
b. Chattel Mortgage
c. Assignment of Deposit with Hold-Out
d. Assignment of Receivables/Contracts/Insurance, Internal Revenue Allotment, in case of LGU
e. JSS of Principal Stockholders/Officers
f. Other Securities that are acceptable to the Bank (i.e. Guarantee Cover)
• Credit/Security Enhancers maybe required, such as:
a. Post Dated Checks
b. Pledge of Shares
DOCUMENTARY REQUIREMENTS
• Corporate Papers
• Financial Documents
• Project Feasibility Study
• Off-Take/Supply Agreements
• EPC Contracts
• Collateral Documents
• Insurance/Risk Cover
• Permit/Licenses/ Regulatory Clearances
For more information, please contact:
Renewable Energy
Lending Program
LENDING SUPPORT DEPARTMENT
27th Floor, LANDBANK Plaza
1598 M.H. del Pilar corner Dr. J. Quintos Streets
Malate, Manila
Philippines
Powering the development of country's energy sector
Tel.No. (+632) 405-7307
Fax No. (+632) 528-8431
www.landbank.com
V12092015