CHF
EUR
GBP
USDEuropean Project Financing
The European Project Financing program, consults and finances corporate customers’ investment projects through European grants and bank loans. The requirements to the beneficiaries are stipulated in the programmes’ guidelines and in the operational programmes.
For the purpose of project development, evaluation, financing, implementation and management of investment projects INTERANATIONAL ASSET BANK offers a full range products and services.
Purpose
For project financing under the following operative programmes:
- Operational program „Development of the competitiveness of Bulgarian economics ” 2007-2013.
- Operational program „Human Resource Development”
- Rural regions development program
- Fishery and aquaculture development program
http://www.eufunds.bg/?cat=121
Amount
Up to 100 % of the project activities
Loan period
Upon negotiation, depends on the project activities
Repayment Schedule
Monthly principal and interest installments and minimum 6 months grace period
Annual interest rate
Basic interest rate + margin /upon negotiation/
Preferential interest rates for customers that have paid on time at least one loan granted by the Bank.
Collateral
Pledge on grant receipt under the relevant operational programme and additional collateral, loan applicant property or third parties, accepted by the Bank according to the collateral’s market evaluation.
Fees and commissionsand commission charges
As fixed in Terms and Conditions of INTERNATIONAL ASSET BANK AD
Additional terms
- Bank service of business operations under company accounts opened with INTERNATIONAL ASSET BANK AD
- Business history more than 12 months
- Loan amount and specific conditions are to be defined upon company business plan.
- Collateral insurance in favor of the Bank for the loan period.
- Option for advance loan repayment without penalty fee
Additional terms
- Co-operation in Project development, execution and management
- Bank service of business operations under company accounts opened with INTERNATIONAL ASSET BANK AD
- Option for advance loan repayment without penalty fee
- Opening of company’s employees card accounts for direct payroll transfer
- Option for overdraft under card accounts
- Option for deposit accounts enabling flexible operation of the resources