You want to develop your farm?
You don’t want to depend on leaseholders and simplified collateral requirements?
You want flexible loan conditions and simplified collateral requirementsd collateral requirements?
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 more than accepted by the bank standardized assessments for the corresponding region or market valuation.
Minimum amount: BGN 50,000 (the equivalent in foreign currency)
Maximum of BGN 500 000 (the equivalent in foreign currency)
Term: up to 60 months
Interest rate: LEONIA Plus/EURIBOR+margin depending on the loan risk.
- Interest: Monthly on the payment due date.
- Principal: The borrower must repay the yearly outstanding principal by three (3) consecutive equal installments.
Collateral: Mortgage on the agricultural land (1st-10 th category) purchased with funds from the loan
For individual property or a group of contiguous properties under 50 decares the price shall be determined in accordance with the adopted Standardized assessments by the Bank.
Fees and commissions: According to the Tariff for fees and commissions of BACB AD applicable to legal entities