Loans for project companies in need of financing for the construction of photovoltaic installations for the production of electricity for sale on the free market

Our offer

The Green Financing Strategy will help businesses not only to grow, but also to be competitive and sustainable. Investing in "green" projects will allow companies to have better positions in the near future.

 

Why choose Green Energy - Free Market loan from Fibank?

 

  • Long loan term - up to 15 years;
  • Long grace period on the principal - until the commissioning of the photovoltaic installation;
  • Simplified collateral requirements - pledge of the business enterprise, no requirement for additional material collateral;
  • Lower interest rate;
  • Lower management commission fee;
  • No commission fee for early repayment with funds from the company's activities;
  • Seasonal repayment schedule in accordance with the production of electricity;

 

Parameters:

Loan type 

investment

Purpose

for the construction of photovoltaic installations for the production of electricity for sale on the free market

Amount

up to 70% of the total project costs accepted by the Bank

Currency

BGN, EUR

Term

up to 15 years

Interest rate 

lower interest rates - depending on the term / financial indicators

Grace period for the principal

until the commissioning of the photovoltaic installation

Management commission fee

discount from the commission fee according to the Tariff

Early repayment commission fee

no commission fee for repayment with own funds from the activity of the company

Collateral

  • pledge of the business enterprise with secondary entries on the assets of the project company and receivables under the contract for sale of electricity;
  • contract for financial security with provision of pledge on current accounts or registered pledge of receivables on accounts;

Repayment

seasonal repayment schedule in accordance with the production of electricity

Other conditions

The account on which the income from the activity will be received shall be blocked up to the amount of the remaining liabilities under the loan. From the monthly income the monthly installments of the loan shall be repaid and funds shall be released to pay the operational costs of the project. The rest of the free funds shall be transferred to a blocked CAPEX and a reserve account for debt service until the available capacity of BGN 50,000 per MWp installed capacity is reached.

Application procedure and documents
Application procedure:

In order to grant a loan, the Bank's credit specialists develop an individual offer in accordance with the specifics of your business.

We will be happy to help you find the optimal solution to your business needs.

To request a loan, you can contact the Bank's credit specialists in one of the following ways:

  • Fibank Headquarters, 111P, "Tsarigradsko shose" Blvd., Sofia 1404, Bulgaria; Tel.: (02) 817 1214; (02) 817 1277; (02) 817 1288;
  • ask for our credit specialists at the branches and offices of the Bank;
  • send an inquiry by email to corporate.banking@fibank.bg;

 Required documents for legal entities:

  • loan application (according to Fibank sample form);
  • declaration of affiliation with other persons and beneficial owners of the legal entity (according to Fibank sample form);
  • declaration of marital and property status (according to Fibank sample form);
  • financial statements and other accounting documents;
  • documents for the motor vehicle, purpose of financing (offer, contract of purchase, etc.)
  • certificate for lack of obligations from the revenue authority under Art. 87, paragraph 6 of the Tax and Social Security Pprocedure Code;
  • other documents at the discretion of the Bank.