BS-EIB VEHICLE LINE
European Investment Bank, EIB.
Information of interest to freelancers and firms
Together with the European Investment Bank (EIB), Banco Sabadell has signed a line of credit in order to promote projects to acquire and renovate industrial and commercial vehicles.
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Features
Beneficiaries:
Self-employed professionals and Companies with up to 3,000 employees.
Eligible investment:
- The acquisition and renovation of new vehicles or those maximum 1 year old:
- Passenger vehicles for commercial use (category M1)
- Light commercial vehicles (category N1)
- Agricultural tractors
- Trucks or goods transport vehicles > 3,500 kg
- Buses and coaches.
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- The acquisition and renovation of new vehicles or those maximum 1 year old:
- Financial conditions
Type of financing:
- Leasing
- Loan
- Renting
Maximum investment:
- Projects up to €25 million: up to 100% financing, maximum EIB funds €12.5 million.
Repayment period: From 2 to 10 years depending on the type of financing chosen, with the possibility of a grace period for the principal.
Interest rate: Customers benefit from a 0.25% reduction in the interest rate, subsidised by the EIB.