Loan purpose, Utilization term and maximum Tenor
- For new construction, enlargement, reconstruction and acquisition of real estate for the business needs, with Utilization term up to 12 months from the date of the loan contract signing and Tenor – up to 10 years
- For purchase of machines and equipment, with Utilization term up to 6 months and Tenor up to 5 years for new machines, equipment and motor vehicles and up to 3 years for used ones
- For purchase of computers, software, licenses etc., with Utilization term up to 3 months and Tenor up to 3 years
Amount
Up to 80% of the value of the approved for financing investment project, VAT excluded. The maximum loan amount is defined depending on the client’s potential to perform its obligations.
Own participation
- Min 20% of the amount of the credited transaction
- In case of purchase of new motor vehicles - min 10% of the acquisition price
Utilization
Single or pursuant to negotiated Utilization plan
Repayment
According to negotiated repayment schedule with installments’ frequency form 1 to 3 months. “Flexi Credit” Option allows optimized Utilization and repayment of the loan with decreasing plafonds in conformity with the loan applicant’s real cash flows
Grace period for the principal
Up to 12 months from the date of the loan contract – for new construction, enlargement, reconstruction and acquisition of real estate for the business needs and up to 6 months – for purchase of machines and equipment, motor vehicles, computers, software, licenses etc
Interest rate conditions
The loan is granted pursuant to General Terms and Conditions of UniCredit Bulbank for granting loans to entities carrying out business activities (in Bulgarian)
Fees and commissions
Pursuant to the concretely indicated articles and notes of the TARIFF for fees and commissions of UniCredit Bulbank applicable to legal entities and sole traders
Allowances
For the holders of Bank’s packages programmes
Collateral
- The loan can be collateralized by assets of the borrower or third persons, including real estates, movables, cash funds, valuables, securities, mutual funds, receivables from third parties, etc., drawn up pursuant to the statutory form and order;
- Collateral’s property insurance is required.
