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Asset Business Development

Asset Business Development

Asset Business Development is an investment loan intended for purchase and rehabilitation/finishing works for office, administrative and commercial areas, purchase of machinery, installations and equipment, as well as refinancing of loans for the same purpose, extended by other banks.


Eligible to borrow are legal entities, agricultural producers and sole proprietors that have a business history of at least 12 months.

  • High maximum amount;
  • Extended repayment term of up to 15 years;
  • Competitive interest rate levels;
  • Option to benefit from a grace period of up to 12 months;
  • No commission for early repayment by own funds;
  • Option for free installation of POS devices at the company’s trading outlets;
  • Option of free issuance of Asset revolving credit card MasterCard Standard to the company owners/managers at the preferential interest rate of 12%;
  • Free activation of the Internet banking service - Asset Online;
  • Opening of card accounts for the company’s employees, with automatic transfer of their remunerations to such accounts them with overdraft option, as well as providing preferences in regard to package services.
  • Currency: BGN, EUR
  • Loan amount: up to BGN 500,000 / EUR 250,000;
  • Repayment term: up to 180 months;
  • Grace period: up to 12 months;
  • Repayment mode:
    - annuity or equal monthly instalments, including interest and principal;
    - equal monthly principal instalments and declining interest instalments.
  • Client’s co-financing: at least 10%;
  • Collateral: mortgage of real property.
  BGN EUR
Interest rate min 5,15% min 4,85%


The annual interest rate on the loan is floating and is formed from RIR for loans in BGN and 6m. EURIBOR for loans in EUR + the fixed margin referred to above.

 

 Fees and commissions

 

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