Purpose of the loan
- Long-term loan for purchase, delivery and installation of photovoltaic systems for electricity production through transformation of solar energy under project prepared by Solarpro АD and with photovoltaic panels manufactured by Solarpro АD for the purpose of sale to the public supplier.
- The Bank may finance other investment projects for building of photovoltaic systems for electricity production under its standard terms and conditions for providing investment loans.
Amount
Up to 90% of the total amount of the project costs.
Drawdown
Up to 12 months as of the date of signing the loan agreement pursuant to drawdown plan agreed with the customer.
Repayment term
Up to 15 years.
Grace period for the principal
Drawdown term plus 1 month.
Repayment
1. Diminishing installments with equal installments under the principal;
2. Annuity installments.
Interest rate
The loan accrued interest as per the interest rate model established in the General Terms and Conditions of UniCredit Bulbank for granting loans to entities carrying out business activities (in Bulgarian)
Fees and commissions
As per the TARIFF for fees and commissions of UniCredit Bulbank applicable to legal entities and sole traders
Collateral
As per the Internal lending rules:
Pledge of a going concern, mortgage of the land on which the equipment will be built, pledge of the photovoltaic modules and the equipment thereto.
