ECO loans for ECO home!

Improve energy efficiency in your home!

Consumer loans for energy efficiency within the EBRD Western Balkans Green Economy Investments Project (GEFF).

GEFF in Macedonia is part of the Regional Energy Efficiency Programme for the Western Balkans launched by the European Bank for Reconstruction and Development providing and supporting investments in Green Economy.

Make use of the benefits through purpose ECO loans for enhancing energy efficiency in your households.

Successfully implemented and approved projects are eligible for investment grants between 15% and 20% of the investment value.

Basic characteristics

Maximum loan amount

up to 50.000 EUR

Repayment period

up to 20 years

Approval fee

2,00 %, min. 500 MKD

How do I apply for an ECO loan?

1. Make use of the Technology Selector on  to select the technology you want to invest and print the Eligibility Certificate.

2. Take a pro-forma invoice for the technology selected from your dealer(s)/distributor(s).

3. Contact the closest branch of Sparkasse Bank Makedonija and apply for ECO loan.

4. Install the technology and then inform the Bank. GEFF team will verify the costs of the installed technology. Upon the successful approval, Sparkasse Bank Makedonija will disburse the investment grant on your account in the Bank.

Interest rate


for the first three years

starting from 5,70%


after expiration of the fixed period

Starting from 5,90% depending on the client's internal crimi rating

Which technologies are acceptable for funding and potential grant?

The Technology Selector is an online energy efficiency technology catalogue with high performances already approved for funding by GEFF. The following categories of technology are included:

  • Windows, doors and glazing
  • Isulation
  • Biomass stoves/boilers
  • Gas boilers
  • Solar water heaters
  • Photovoltaic systems
  • Heat pumps
  • Lighting
  • Balanced mechanical ventilation
  • Hot water storage tanks

Eligible projects include funding technologies from the Technology Selector as well as ancillary material costs, delivery and installation up to the defined maximum percentage of the technology costs.


Administrative cost

500 MKD one-time payment

Administrative cost

700 MKD one-time payment

Approval fee

2,00 % min 500 MKD

Loan security

Up to EUR 5,000 without guarantors

From EUR 5,001 to EUR 10,000 – 1 (one) creditworthy guarantor or solemnization of the loan agreement.

From EUR 10,001 to EUR 20,000 –creditworthy guarantor or a draft in a form of public notary act. Compulsory additional collateral is life insurance policy purchased through the Bank and vinculated to the benefit of the Bank during repayment of the consumer loan.

When applying for a mortgage loan, compulsory collateral is the immovable property mortgage.

*The agreement solemnization requires that the spouse or close relative (a brother, sister, parent) appears as a co-debtor in the loan agreement.

Do you need additional information?

Call us with complete confidence, we will settle all your requests as soon as possible.