Investment loan for construction/purchase of photovoltaic power plants

Exchange rates

as of 26/05/2023 08:26:16

Cash payment

Non-cash payment

Selling rate

1.96100

1.96000

Buying rate

1.94800

1.94900

BNB fixing

1.95583

Cash payment

Non-cash payment

Selling rate

1.86400

1.86100

Buying rate

1.78000

1.78100

BNB fixing

1.81921

Cash payment

Non-cash payment

Selling rate

2.31500

2.31000

Buying rate

2.19000

2.19400

BNB fixing

2.25292

Cash payment

Non-cash payment

Selling rate

2.05700

2.05500

Buying rate

1.96300

1.96500

BNB fixing

2.01487

Advantages

The loan is part of A purpose with a broad scope - construction of a photovoltaic power plant for own needs and/or sale of electric energy
High percentage of financing
Long repayment period – up to 120 months after expiry of the grace period
Attractive individual pricing terms

Parameters

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.

Required Documents

Loan and credit card application for small enterprises
Balance Sheet, Income Statement and a Tax Return of the Borrower for the last one or two closed financial years, as at the application date
Copies of the ID cards of: the representative of the company - borrower; a co-debtor; collateral providers
Decision of the competent body of the company – in the latter’s capacity as borrower/co-debtor/owner of the collateral, for conclusion of the Loan Agreement and establishment of the collaterals
Collateral ownership documents, and documents required for the collaterals’ due establishment
Documents related to guarantee agreements.

Print list

Useful documents

Tariff for Private Individuals and Legal Entities, applicable to contracts with customers for the provision of investment and/or additional services, related to financial instruments RIR for loans to business clients - calculation and values General Terms and Conditions applicable to contracts with customers for the provision of investment and/or additional services, related to financial instruments RIR for loans to business clients - calculation and values – 01.04.2023

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For companies with annual turnover up to 2 mln BGN

For companies with annual turnover above 1 mln BGN

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For freelancers with annual turnover below 1 mln BGN

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