Loan Terms

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Loan Terms

The Water Bank provides project financing at a much lower cost than program participants could achieve individually, thereby passing substantial savings on to New Jersey taxpayers and rate payers.

For State Fiscal Year 2019, the base Water Bank financing package consists of

75% funding from DEP at 0% interest, and

25% funding from I-Bank at the I-Bank's AAA/Aaa/AAA market rate.

There are other financing packages available for Planning and Design expenses, as well as the Statewide Assistance Infrastructure Loan or SAIL (disaster relief loan) program.

Please note that Water Bank financing is subject to change year-to-year. To verify the current loan types and terms, see the most recent Intended Use Plan (IUP), which is available online at http://www.nj.gov/dep/dwq/cwpl.htm.

It's a great program, and you can't go out and get financing for those rates on the open market. - Water Bank Applicant

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Loan Terms
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NEW JERSEY INFRASTRUCTURE BANK APPLICANT'S GUIDE