Loan For Circulating Means And Investment Projects
This loan is addressed towards individuals and sole traders, providing turnover means (credit lines, revolving credits) and/or means for investment projects and construction.
CURRENCY TYPE - US Dollars, Euro or BGN with agreed Euro-clause;
LOAN TERM - negotiable;
INTEREST RATE - the interest rate is determined using the current Interest Bulletin of Teximbank and is formed as follows:
- for BGN - 3-month Leonia Index+ add-on;
- for Euro - 3-month Euribor Index + add-on;
- for US Dollars - 3-month Libor Index + add-on.
Loans with term up to one year are granted with fixed interest rate calculated with simple interest on annual basis;
REPAYMENT - as per negotiated repayment plan;
COLLATERAL - real estate mortgage, registered pledge of long-term material assets, sovereign bonds, blocked deposit of monetary means.
Security margin - minimum 150 %;
INSURANCE -the borrower insures through the Bank the accepted collateral against all risks.