EcoMobility Loan
Why invest in eMobility?
The advantages of an electric car:
- low eco fee, no annual local car tax in Bulgaria
- free parking in the blue and green parking areas in Bulgaria
- the average mileage on a single charge is 280 km for new electric cars in the middle price range of up to 35 000 EUR and with a battery power of 45 kWh
- no carbon emissions when driving
- standard battery charging time between 4 - 8 hours, on a fast charging station - between 20 - 40 minutes
- Lower cost for servicing than a conventional car
Advantages of purchasing a car with a bank loan compared to leasing for an electric vehicle
- direct ownership of the asset - no need for power of attorney from the owner
- freedom in choosing the car insurance company
- one-time transfer of ownership of the asset
EcoMobility loan also allows financing for used electric vehicle, which has been initially registered less than 3 years ago and has been driven for less than 50 000 kilometers.
What we achieved?
In 2015 we invested in our first 10 electric cars. Now electrified vehicles and plug-in hybrids are about 60% of the cars we use.
The investment is suitable for private individuals as well as for different types of businesses.
Conditions
For Legal entities
Borrowers | legal entities and sole proprietors, freelancers and registered agricultural producers |
Loan amount | maximum - 100% of the value of purchased car |
Loan currency | BGN OR EUR |
Loan period | from 6 months up to 5 years |
Application processing fee | according to the bank`s price list for legal entities |
Interest rate |
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Collateral |
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For private individuals
Borrowers |
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Loan amount | maximum - 100% of the value of purchased car |
Loan currency | BGN or EUR |
Loan period | from 6 months up to 5 years |
Application processing fee | no fee |
Creditworthiness assessment | BGN 100 |
Interest rate |
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Collateral |
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For loan "EcoMobility" on amount of EUR 30,000, EUR 5,000 down payment, loan period 5 years, annual interest rate 1.50%, equal monthly installment EUR 519.57, total amount due (principal, interest and fees) EUR 31 174.04. Annual percentage rate of charge (APRC) - 1.92%.Example for private individuals
How to apply
To apply for an EcoMobility Loan, complete the following steps:
- Select an electric car and obtain an offer from the supplier;
- Contact our Contact Centre at 0700 1 70 70 or complete our contact form and we will call you back;
- Discuss the financing you would like to receive with our Business Client Advisers;
- Submit a completed Loan application form and provide the required documents;
- Tell us about your business;
- We will respond within the indicated time period.
Application documents:
- Completed Loan application form;
- Copy of the business owner’s identification card;
- Documents related to the company’s activity, provided after consulting with a Business Client Adviser;
- A pro forma invoice/offer issued by the supplier.