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Texim - Overdraft

CURRENCY TYPE - BGN with agreed Euro-clause, Euro or US Dollars;

OVERDRAFT AMOUNT - up to 70 % from the average monthly loan turnovers of the company in the current account for the last 6 months as well as up to 30 % of the annual loan turnover during the last year;

LOAN TERM - 12 months with option for extention within from 3 to 5 years in case the average monthly turnovers are not reduced;

INTEREST RATE - the interest rate is determined using the current Interest Bulletin of Teximbank and includes: 3-month Leonia, Libor or Euribor Index + add-on. For each next year the interest is renegotiated separately;

TERMS OF USE - by wish of the borrowers:

• First option- the term of use of the loan amount is up to 30 days from the date of their disbursement. In this option charge for advanced repayment is not due;
• Second option- the loan disbursement is made at borrower’s estimation and the repayment - upon depositing of the sums in the borrower’s account. For approved and unused amounts of the agreed loan, engagement charge is due;

COLLATERAL - mortgage of a city or other real estate, pledge of long-term material assets.

Security margin - 120%;

INSURANCE - the borrower insures through the Bank the accepted collateral against all risks;

BONUS -in case of advanced termination of overdraft, no charges are due.