Advance on European Union Subsidies

REQUEST ADVANCE ON YOUR AID

In addition to providing you a swift, agile response to manage your subsidies, you may apply for an advance to begin to enjoy them right now.

• Amount: up to 90 % of the amount of the subsidy.
• Interest at 0 % TIN.
• 2.186 % AER for maturity at 30th June 2022 and 3.395 % AER for maturity at 31th December 2021 (according to the following examples). The AER may vary according to the transaction's term..
  
• Latest cancellation term up to 30 June 2022.
• Opening commission: 3 %.
• Study commission: exempt.

Examples
Do like George or Mary and enjoy the same comforts:

George has CAP grants directly deposited at Unicaja Banco. He will receive €10,000 in grants from the European Union in December. However, seeing as he has to cover the costs of purchasing raw materials and servicing his machinery in February for the amount of €7,000, he goes to his Unicaja Banco branch and requests an Agricultural Grant Advance on 1 February 2021 amounting to €9,000 at a term of 10 months, leaving €2,000 in his account to cover any unforeseen expenses of his agricultural activity. The front-end fee for taking out the loan will amount to €270 and the amount of interest is €0. The total cost of the loan will therefore be €270. At its maturity on 31 December 2021, George will have to make a single payment of €9,000, which he will pay off with the grants received.

• AER of 3.395 % calculated for expiry on 31th December 2021, bearing an interest of 0 % NIR, with an opening commission of 3 %.

Mary has CAP grants directly deposited at Unicaja Banco. She will receive €20,000 in grants from the European Union in June. However, seeing as she has to cover the costs of purchasing raw materials and servicing her machinery in February for the amount of €8,000, she goes to her Unicaja Banco branch and requests an Agricultural Grant Advance on 1 February 2021 amounting to €11,000 at a term of 16 months, leaving €3,000 in her account to cover any unforeseen expenses of her agricultural activity. The front-end fee for taking out the loan will amount to €330 and the amount of interest is €0. The total cost of the loan will therefore be €330. At its maturity on 30 June 2022, Mary will have to make a single payment of €11,000, which she will pay off with the grants received.

• AER of 2.186 % calculated for maturity on 30 th June 2022, bearing an interest of 0 % NIR, with an opening commission of 3 %.
  

(1) Granting the financing operations is subject to study and the bank’s criteria. Up to 90% of the amount of your Agrarian Subsidiaries. These conditions are valid until 31/10/2021. Consult at your office. The loan requires prior approval by UNICAJA BANCO.