Banca Transilvania in Romania launches APIA online loans for customers who benefit from subsidies this year. These loans provide the money which farmers need for current payments until they receive APIA subsidies.
Depending on when they apply for loans, customers have access to their money within an hour or so and no later than the next business day.
Details about the newest BT loan:
- The purpose: purchase of raw materials and goods, for salaries, respectively payment of utilities, taxes to the state and suppliers;
- The amount awarded: up to 90% of the amount a BT customer is to receive as a grant;
- A loan tenor: until the grant is received;
- The guarantee is the subsidy to be received from APIA.
To apply for these types of loans, customers must have APIA certificates and BT collection accounts.
BT has nearly 35,000 agribusiness customers. In 2022, the Bank granted more than 6,000 loans worth RON 5.5 billion (EUR 1.1 billion), of which more than RON 500 million (EUR 100 million) are APIA loans.
Read our previous news about APIA online loans at Banca Transilvania:
Source: the Bank`s press release dated June 13, 2023
