You want to develop your farm?
You don’t want to depend on leaseholders?
You want flexible loan conditions and simplified collateral requirementsd?
Loan purpose
Investment loan for purchasing of agricultural land.
Borrowers
Borrowers are agricultural producers and/or legal entities registered in CA, with main activity - agriculture.
Currency
BGN; EUR
Funding amount
Up to 70% of the value reflected in the Title/s act/s and/or preliminary contract for the acquisition of agricultural land, but not exceeding the standardized assessments for the corresponding region or market valuation as adopted by BACB
Minimum amount
50 000 BGN (the equivalent in foreign currency)
Maximum
500 000 BGN (the equivalent in foreign currency)
Term
Up to 60 months
Interest rate
3 months LEONIA Plus/EURIBOR + margin depending on the loan risk
Repayment
- Interest - Accrued monthly on the maturity date
- Principal - The borrower must repay the yearly outstanding principal in three (3) equal consecutive instalments
Collateral
Mortgage on the agricultural land (1st-10 th category) purchased with loan funds
For individual property or a group of contiguous properties under 50 hectares the price shall be determined in accordance with the adopted Standardized assessments by the Bank.
Fees and commissions
According to BACB List of fees and commissions applicable to legal entities
