Agrocredit
| Loan Terms | |
|---|---|
| Type | Agro credit for purchasing new agricultural equipment Limit for 100% VAT financing |
| Loan object | Purchase of agricultural machines from official dealers |
| Target group | Legal entities and Private farmers, applying for operational programs 2015 - 2020 |
| Tenor |
Min. 12 months Max. 60 months Limit for VAT finance - max. 6 months |
| Currency | BGN / EUR |
| Loan amount |
Minimum loan amount: EUR 8000, maximum 85 % from purchase price Possibility for dditional limit for 100% VAT fundingС |
| Profitability |
Negotiable interest rates: fixed or floating |
|
Payment plan |
Regular or seasonal instalments |
|
Management fee |
0.5%per annum of the outstanding amoun |
| Early repayment fee |
Without fees for early repayment only in case of grant funding, otherwise - 3% Without fees for early repayment of VAT limit |
| Insurance | "CASCO insurance for agriclultural equipment" in favor of the State Agriculture Fund and RLBG , payable by the customer, valid for the entire period of the loan and covering 100 % of the value of agricultural equipment, concluded annually or for the entire period. |