MFB to provide HUF 115 bln in credit for energy efficiency upgrades
State-owned Hungarian Development Bank (MFB) will make HUF 115 billion in zero-interest credit available for energy efficiency upgrades of Hungarian homes from October, the lender said on Friday.
The loans will be capped at HUF 10 million for detached homes and HUF 7 mln per home in blocks of flats. The loans may be used to insulate homes, install modern heating or hot water systems or add solar power systems.
The down payment on the loan is 10% and its run is limited to 20 years.
The novel credit could support the energy efficiency upgrades of more than 50,000 homes, MFB said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.