Intermediated Loans

EIB Intermediated loans are lines of credit or indirect loans designed to permit the financing of projects with a total investment cost of less than EUR 25 million (EUR 10 million in the case of ACP).

An EIB credit line may finance a maximum of 50% of the total cost of any project.

Credit lines are granted to intermediary banks and financing institutions in the country in which the project is based. These institutions pass on the EIB funds to the promoters, generally SMEs and local authorities.

To qualify as an SME, a company must have fewer than 250 employees, an annual turnover not exceeding EUR 50 million, and an annual balance sheet total of up to EUR 43 million.

Conditions:

The conditions of financing (interest rate, grace period, loan period etc) are determined by the respective EIB partner bank. Maturities typically range between 5 and 12 years.

Lending decisions under these schemes remain with the financial intermediaries.

Promoters are requested to apply directly to one of the intermediary banks and financing institutions, which operate on a national, regional or local level. Requirements for application may vary according to the respective intermediary. For further information on loan application, see Applying for a Loan.