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  • Double APIA subsidy Pre-financing Loan

    Double APIA subsidy Pre-financing Loan

    Are you in need of funds

    for pre-financing area subsidies to cover current expenses until you receive such subsidies?

    OTP Bank provides you up to 160% financing in advance, representing the double of the APIA subsidy.

    The loan for double pre-financing of APIA subsidies, including PD-04 eco-scheme: environmentally beneficial practices applicable to arable land, redistributive payment and compensatory measures, was specifically designed to support current business of APIA subsidies beneficiaries, including own contribution under projects financed from European funds.

    What benefits does the Double APIA subsidies pre-financing loan offer you?

    otp bankBased on the APIA Registration certificate for the current year and based on the application of IPA online payment, we finance both subsidies for current year and subsidies for the following year, the maximum value being 80% of the subsidy of the first year (the year of granting the loan), to which 80% of the subsidy to be received in the following year of funding is added;
    otp bankWe agree together on the repayment schedule, depending on the payment date of the APIA subsidies;
    otp bankThe interest will be paid monthly/quarterly/annually directly from the subsidies received or from own sources;
    otp bankThe granting fee may be paid from the loan.

    What are the guarantees required by OTP Bank for the Double APIA subsidy pre-financing loan?

    • Assignment of receivables for the entire amounts to be received within APIA subsidy;
    • Pledge on all current accounts opened with OTP Bank;
    • Surety contract signed by the individual/representative of/shareholder of/director of the beneficiary.

    Would you like to apply for a loan for pre-financing APIA subsidies? Visit our OTP Bank branch and let’s discuss the best alternative for you.

    With OTP Bank, farmers can obtain funding, at any time, to continue their current business.