Allianz Bank Bulgaria

Loan in return of subsidies under the Single Area Payment Scheme

Advantages

Fast and easy procedure requiring a minimum set of documents
One-time installment at maturity with an obligation for early full repayment as of the date of receipt of the subsidy on an account in the bank (without penalty)
Peace of mind due to the possibility for interest and fees to be at the expense of the credit granted
No financial statements

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Purpose of the loan – For working capital, against subsidies

For working capital, against subsidies

Loan amount

Up to 95% of the amount of subsidies for arable land applied for

Loan term

Until 30 June of the following year, but not later than the date of receipt of the subsidy on an account in the bank

Utilization

One-time or in portions

Collateral

Pledge of receivables from the State Fund Agriculture
Pledge of future receivables on the current accounts and deposits of the customer in the bank

Registered farmers cultivating over 3 000 decares of land (excluding pastures and meadows).

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