First Investment Bank provides financing to meet your needs for turnover funds for the acquisition of current assets and for current expenses.

Conditions of working capital loans:

• Amount – the maximum loan amount depends on the customer proven needs, the sources for repayment, the type and the value of the collateral;;
• Term – usually working capital loans are short-term loans with a maximum repayment period of 1 year;
• Interest Rates - Interest rates are negotiated depending on the risk of the specific deal and the conditions on the loan market. According to the type of currency, floating interest rates are determined on the grounds of the Base Interest Rate of the Bank for BGN, EUR, USD, etc. loans plus surplus;
• Collateral – Fibank AD accepts all collaterals admissible by Law following the order envisaged in legislation, under which the fair value of the collateral is determined by independent experts. Insurance of the collateral is required which should be in favour of the Bank and should cover all inherent risks.

Types of working capital loans:

Standard

The Standard loan of Fibank AD enables you to repay the negotiated amount for the stated purpose as a lump sum, or in installments within the term of contract, and to redeem it following the plan and terms and conditions as negotiated in advance with the Bank.

An Overdraft Loan on a Current Account

The Overdraft Loan from Fibank AD provides you with the opportunity to make payments exceeding the available balance on your current account up to a certain limit within the agreed term. The loan debt, the required interest rates included, is redeemed on a current basis using all funds received in the current account.

Revolving (Renewable) Loan

This is a loan that may be automatically renewed (and used again) by the customer, as long as he/she fulfills the terms and conditions of the contract.

Loan Lines

The funds from the loan lines may be utilized after the fulfillment of the agreed conditions by the customer via different financial instruments.

Discount Loan

Granted via the purchase of commercial securities (bills of exchange, promissory notes) with remaining maturity, with a repayment term of up to 90 days, but no later than the maturity date. The amount of the discount is negotiable with the client, whereas the securities are endorsed in favour of the Bank.

Accept Loan

Fibank AD offers accept loans where it accepts (appears as the payer on) bills of exchange and promissory notes issued by clients of the bank, on condition that the client covers their amount. These loans are financed as short-term deals.