Loan purpose
Short-term loan for financing the current expenditures on ordinary activity of agricultural producers who will be supported (subsided) through the State Fund Agriculture by schemes and measures of the European Union Common Agricultural Policy and Common Fisheries Policy
Amount
Up to 100% of the total amount of the expected support pursuant to the issued by the Fund Certificate as per model form
Own participation
Not required
Utilization
Single or in tranches accordingly to negotiated utilization plan
Tenor
Until the 30th June of the year following the submission of application for support by the borrower before the State Fund Agriculture
Repayment
Single or pursuant to the set up plan for payment of the support
Interest rate conditions
The loan is granted pursuant to General Terms and Conditions of UniCredit Bulbank AD 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 AD applicable to legal entities and sole traders
Allowances
For the holders of Bank’s packages programmes
Collateral
- Pledge on receivable over the funds which the candidate for support is being expected to receive under the respective schemes and measures;
- Promissory note for the amount of the loan principal and interests due;
- All other additional, acceptable for the Bank collaterals.
