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Invest Garant: Credit Limit for securing bank guarantees and letters of credit

  • For securing unconditional commitments assumed by the Bank, under which it has granted bankovai guarantees a client’s order in favor of a counterparty or the benefit of another bank, government office.
  • Currency credit limit in BGN or EUR
  • Term of credit limit up to 31 months from the date of the contract for credit limit (except for common transit) and up to 37 months from the date of the contract for credit limit in case of issue of customs guarantees.
  • Maximum 30% of the officially declared net sales for the last completed financial year but not more than 200 000 BGN or the equivalent in EUR
  • In the period of utilization of the credit limit for bank guarantees may be issued single bank guarantees with a maximum validity period to 18 months.
  • On loans up to BGN 100 000 the bank requires collateral mortgage

Collateral:
- Mortgage on property in residential, office, commercial building or industrial building;

- Mortgage on agricultural land;

- Bet machines, vehicles related to the core business of the company

- Restricted cash on account with the Bank.

The insurance value of the insured to the bank guarantees should be in an amount not more than 100% of the market value of the collateral and no less than the outstanding debt.