Loan purpose
For financing of family business initiatives in connection with building, furnishing and exploitation of small hotels and restaurants in tourist settlements. The loan is destined for able local physical persons with permanent residence in the country
Amount
Up to 80% of the total project value
Utilization
Single or pursuant to the negotiated Utilization plan with up to 6 months term
Tenor
Up to 15 years
Grace period for the principal
- Up to 6 months from the date of the loan contract signing;
- In the building – up to 12 months from the date of the loan contract signing.
Repayment method
- Equal monthly installments (annuity);
- Decreasing monthly installments;
- Individual repayment schedule
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
- The loan is collateralized by:
- Mortgage over the purchased by the loan real estate
- Mortgage over another real estate
- Financial collaterals (cash funds, securities, mutual funds, valuables etc)
- Collateral’s property insurance is required
