Fast loan of up to EUR 150 000 secured by agricultural land
If you are planning to expand your agricultural land holdings, urgently need working capital for production or wish to refinance another loan, our specialist product for farmers is just right for you!
If you are planning to expand your agricultural land holdings, urgently need working capital for production or wish to refinance another loan, our specialist product for farmers is just right for you!
Benefits
Fast property valuation at no cost to the customer
Simplified loan assessment and approval process
No expenditure documents required to draw down the loan
No certificate of encumbrances required for the properties
No application fee
No commitment fee
Borrowers - registered farmers with one year's experience in the activity
Purpose of the loan - investment loan for land purchase; working capital loan; refinancing loan
Loan amount - up to 90% of the value of the properties provided as security
Loan term - up to 10 years
Currency - BGN and EUR
Security - mortgage over agricultural land
If you wish to purchase 50 decares, at a market land price in your locality of 1000 EUR/decare, and the plots are cultivable and acceptable to the Bank, financing ranges from 800-900 EUR/decare, depending on the specific characteristics of each plot.
