UBB’s Sustainable Finance Programme and aims at transforming the main sources of energy and reducing carbon emissions
|Borrowers||Legal entities registered under the Bulgarian legislation, as well as freelancers and agricultural producers|
|Purpose of the loan||Investments for construction / purchase of a photovoltaic installation - up to 500 kWp capacity for production of electricity, intended for own consumption and/or sale of electricity|
|Business history||Minimum 18 months of active operation|
|Loan currency||BGN and EUR|
|Maximum loan amount||Up to BGN 600 000 / EUR 300 000|
|Funding percentage|| |
Up to 90% of the project value (less VAT)
Up to 100% of the project value (less VAT) upon participation in grant programmes of the EU
|Loan tenor||Up to 120 months|
|Grace period||Up to 9 months|
|Repayment||Equal monthly installments under the principal and the respective interest on the outstanding principal for the period|
|Collateral - standardized requirements|| |
The photovoltaic power plant, object of the financing;
Other admissible collaterals: real estate; machines; transport vehicles; receivables; financial assets; capital subsidies under a programme; financial instruments under a guarantee.
|Alleviated collateral requirements||For loans up to BGN 150 000: No other tangible collateral is required, apart from a pledge of the photovoltaic power plant.|
|Other||Option for using European Guarantee instruments|
|Interest rates||Variable annual interest rate, formed from the short-term interest rate based on BNB’s statistics (for loans in Bulgarian leva), or, respectively 1-month EURIBOR (for loans in euro) and a fixed margin, determined individually depending on the amount, currency, tenor and collateral under the requested loan as well as the client’s risk profile|
|Fees||As per the bank’s Fees and Commissions’ Tariff for Business Clients and the loan agreement. |
For secured loans there are also ancillary expenses related to the insurance and establishment of the collateral - for drawing up of a market appraisal, for establishment of a mortgage/pledge, for issuance of certificates, etc.
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