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Asset Technics

Asset Technics

Asset Technics is an investment loan for purchase of new machinery, installations, equipment and transport vehicles under contracts signed within the following EU programmes of the current funding period 2014-2020:

  • Operational Programme "Innovations and Competitiveness" 2014-2020;
  • Rural Development Programme 2014-2020;
  • European Maritime and Fisheries Programme 2014-2020;

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

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  • High maximum amount;
  • No requirement to provide mortgage collateral;
  • Extended repayment term of up to 7 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 / upon receipt of the financial support;
  • 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 1 000,000 / EUR 500,000;
  • Repayment term: up to 84 months;
  • Grace period: up to 12 months;
  • Repayment mode: by agreement, in compliance with the approved repayment schedule;
  • Client’s co-financing: at least 10% of the value of the machinery, installations, equipment and transport vehicles purchased, VAT excluded or the amount of the advance payment under the contract + VAT;
  • Collateral:                                                                                                                                - Pledge over the grant under the respective European Union programme, whereby after receipt the respective proportion of the loan principal or the loan in its entirety shall be repaid;                       - Special pledge of the newly purchased machinery, installations, equipment and transport vehicles.

Annual interest rate:

  BGN Euros
Floating interest rate min 4,95%  min 4,75%

The annual interest rate on the loan is floating and is formed as the aggregate of BLRleil (Bank lending rate on legal entities' Investment loans in BGN or foreign currency) + margin, depending on the risk profile of the client.

 

Fees and commissions

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