Base interest rates have been reduced to 1.7 percent on loans with up to 10 year repayment periods and 1.9 percent on loans with repayment periods longer than 10 years.
The Loan Programme for the Financing of EU Rural Development, Fisheries and Wine Envelope Projects is intended for the financing of investments nominated for a tender based on EU agricultural or fisheries funds. Loans are approved directly or through commercial banks with repayment periods of up to 15 years with up to 3 year grace periods (or up to 5 year grace periods for the planting and/or restructuring of perennial crops).
HBOR generally finances up to 75% of the estimated investment value, VAT not included. In the case of direct lending, HBOR generally accepts as own funds up to 70% of the amounts to be obtained by the borrower from the ESI Funds.
Interest rate for final borrower is determined at least as the base rate increased by a margin determined depending on the assessment of final borrower’s credit rating and the offered collateral. The reduced interest rate under the Loan Programme for the Financing of EU Rural Development, Fisheries and Wine Envelope applies to the loan applications approved by 31 December 2018.