Overview and Benefits
The Fast-Track Project Loan is designed for companies planning to install energy efficiency and/or renewable energy equipment either as a replacement to existing machinery or as a new installation.
The Fast-Track Project Loan is also known as the LEME-LESI Loan and benefits from an expedited application process. Simply choose from the pre-approved List of Eligible Materials and Equipment (LEME) and the List of Eligible Suppliers and Installers (LESI) available through this webpage before applying for a loan.
|Maximum loan amount||Up to 100% of the eligible investment cost to a maximum of USD 300,000.|
|Loan currency||EGP, USD or EUR.|
|Interest rate||3% + Central Bank of Egypt's lending rate for EGP with a minimum of 12%; 4% above 6 months Libor for USD; 4% above 6 months Euribor for Euro.|
|Repayment Period||Up to 5 years (including a grace period of up to 1 year).|
|Investment incentive grant||10% of investment cost or disbursed loan amount, whichever is lower (excluding custom duties and taxes).|