What does a loan cost?
The price of the individual loan will reflect the risk associated with the project. This means that the interest rate will be determined individually with each project.
The price consists of three elements:
- An individually determined variable interest rate.
- An establishment fee reflecting the scope of the project.
- If needed, costs associated with the establishment of collateral.
Costs associated with loan agreement alterations
- Early repayment: DKK 15,000 unless otherwise agreed.
- Exceptional redemption payment: DKK 10,000 unless otherwise agreed.
- Changes in financing and securities: minimum DKK 15,000 (indicative, depending on time consumption and external costs if any.
- Audit and account charges: DKK 650.
- Late payment reminder: DKK 100.
- Interest on overdue payment of 9 pct. External costs are to be paid by borrower.
Other fees and costs may be separately agreed.
How is the interest rate determined?
The interest rate consists of two components: 1) a marginal determined in relation to the risk associated with the project 2) The Danish Green Investment Fund’s costs associated with the financing of the means that the fund is lending.