Texim- Business line
This loan is addressed towards individuals and sole traders, whose activity covers at least 3 (three) consecutive financial years.
The loan is a revolving financing for means of turnover.
CURRENCY TYPE - BGN with agreed Euro-clause, Euro or US Dollars;
LOAN AMOUNT - negotiable;
LOAN TERM - up to 1 year with possibility of revolving (multiply renewal) up to 5 years in total;
INTEREST TERMS - he interest rate is determined using the 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;
LOAN DISBURSEMENT -the borrower could disburse up to 20 % of the allowed loan amount within 12 months, but not more than 20 000 BGN (respective currency equivalence) without provision of cost-supporting documents. Credit limits are negotiated for the loan.
REPAYMENT - complete or partial repayment at the end of the agreed term.
In case of complete repayment, the loan revolves after repayment of the principal and of all interests due, charges and commissions.
In case of partial repayment: the loan revolves provided the principal due was reduced at least up to 50 % of the amount of initially granted loan.
COLLATERAL - mortgage of a real estate property of the borrower or a third person; pledge on monetary means and/or sovereign bonds; as additional security in case of insufficiency of the provided securities - pledge of long-term material assets, property of the borrower or of a third person, with amortization term longer or equal to the loan’s term.
The mortgage of the real estate accepted as collateral is made for the complete loan’s term (until the end of the term within which the loan revolves).
Security margin - minimum 150 %;
INSURANCE - the borrower insures through the Bank the accepted collateral against all.