Business photovoltaic investment loan
A loan for businesses registered in Bulgaria with significant electricity consumption to install solar panels for their own power needs.
Deze mogelijkheid is momenteel in het Engels beschikbaar.
Finance photovoltaic panels and the equipment needed to run them, such as an inverter or backup power supply. The installation must serve your business’s own electricity needs; excess electricity may be sold to an energy distribution company.
You contribute at least 10% of the investment amount. The loan can run for up to 10 years, with an optional grace period of up to 12 months and instalments matched to seasonal business revenue. UniCredit Bulbank lends the money and you repay the borrowed amount with interest and fees. VAT can be financed through a separate working-capital loan.
Interest combines a variable reference rate with the margin agreed in your contract. It changes with that reference rate, with a floor of 0% for the total annual interest rate. Late payments attract the default interest set in the agreement. Application-review, management and commitment fees are negotiated. The management fee normally applies annually for each started year, unless the agreement makes it one-off; the commitment fee applies to approved money you have not yet used. The borrower also pays collateral appraisal, registration and insurance costs.
You can repay early after paying applicable fees. The tariff lists 4% where notice is less than 30 days and/or more than a year remains to maturity, and 2% where notice is more than 30 days and less than a year remains. For an instalment loan the tariff uses the current debt as its fee basis. Your agreement can set the applicable early repayment fee and takes precedence over conflicting general terms. Partial early repayment can change the repayment schedule at the bank’s discretion unless otherwise agreed.
Eligibility
- Your business must be registered in Bulgaria and have significant electricity consumption. The solar installation is for your own electricity use.
- A grid-connected photovoltaic station requires a concluded agreement with an electricity distribution company.
- You need a current account with UniCredit Bulbank, a loan application and the documents the bank requests. Documents in another language require an official certified Bulgarian translation; documents issued abroad need the applicable legalization or apostille arrangements. The bank decides whether to grant the loan.
- Agreed security must be established before funds are paid out. Guarantee instruments are an optional way to provide additional security. Insurable assets used as collateral must remain insured throughout the loan at your expense, with the bank as sole beneficiary of the insurance payout. If the value of the collateral falls and the bank considers it insufficient, you must repay part of the debt and/or provide additional collateral as the bank requests.
- During the loan, provide financial statements, evidence that the money was used for its agreed purpose and current collateral appraisals; the bank may inspect the business premises and secured assets. Appraisals of mortgaged or pledged assets must be prepared by a licensed appraiser accepted by the bank at least annually, submitted no later than 15 days before the previous appraisal becomes a year old, and provided when the bank requests them. Annual statements are due within 30 days after the statutory annual-tax-return deadline, half-year statements by 31 July and other requested financial statements within 15 days.
- The general terms require prior written bank consent for changes to the financed business activity, reorganizations, selling or giving away the business or its assets, or granting others rights over them (including using them as security or renting them out), capital reductions and dividends or other shareholder payments. Consent also applies to related-party transactions outside normal business practice, additional investments outside the agreed investment cycle, changes to majority ownership and changes to management or supervisory bodies. Your signed agreement prevails if it contains conflicting provisions.
How to apply
- Status
- Doorlopend open
- Voorwaarden voor deze aanvraagronde
- Request a meeting for assessment by UniCredit Bulbank; lending requires the bank’s approval.[^c5][^c6][^c7]
Request a meeting through UniCredit Bulbank’s form for this loan. Enter your name, company, Tax ID, email and phone number; an expert will contact you about the investment loan.
The bank helps structure the loan and assesses the application before signing an agreement. Funds become available after the agreement is signed and its conditions are met, including the agreed security, insurance, fees and a request to draw the money. Payments can pass through your designated account or go directly from the bank to a supplier, in line with the agreed purpose. The contract sets the period in which you can draw the funds; after it ends, unused funds cease to be available.