Loans for the construction of photovoltaic installations for the production of electricity for own consumption and sale

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 and/or refinancing of costs for the construction/acquisition of photovoltaic installations for the production of electricity for sale on the open market.

Amount

up to 95% of the total costs of the project accepted by the Bank

Currency

BGN, EUR

Term

up to 15 years

Interest rate 

lower interest rate depending on term/deductible and financial performance

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 business undertaking with secondary entries on the assets of the project vehicle and the receivables under the contract for the sale of electricity
  • А financial security agreement with the provision of a pledge on current accounts or a special pledge on receivables under the bank account
  •  For small photovoltaic plants up to 100 kW, the pledge of business undertaking can be replaced by a mortgage on real estate or a pledge on fixed tangible asset.

Repayment

seasonal repayment schedule in accordance with the production of electricity

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 1366; 02/817 1365; 02/800 22 73;
  • ask for our credit specialists at the branches and offices of the Bank;
  • send an inquiry by email to micro@fibank.bg

 

Required documents for legal entities:

  • decision of the competent authority for drawing and securing the loan;
  • copies of the ID cards of the representative of the company - borrower/co-debtor;
  • certificate for lack of obligations from the revenue authority under Art. 87, paragraph 6 of the Tax and Social Security Pprocedure Code;
  • declaration of affiliation with other persons according to the sample form of Fibank (First Investment Bank);
  • authorization for inspection at the National Social Security Institute;
  • project documents;
  • other documents at the discretion of the Bank.