Overdraft Account (Unsecured)

Loan intended to cover temporary cash deficits

Our offer
An overdraft account offers:
  • an amount up to BGN 250,000;
  • in overdraft mode;
  • without mortgage and pledge of fixed tangible assets.

 

Loan parameters:

Amount:

When the following conditions are fulfilled simultaneously:

·         up to 50% of the average monthly credit turnover on current accounts in First Investment Bank AD or in other banks, for the last 6 months,

and

·         up to 80% of the average monthly sales revenue, according to the annual tax return for the previous financial year.

o    minimum amount - BGN 1,000;

o    maximum amount - BGN 250,000.

Loan currency:

BGN

Term:

up to 12 months

Interest rate:

based on intrabank credit rating

Method of utilization:

 in overdraft mode

Method of repayment:

As a one-off payment upon maturity

Collateral

without mortgage and pledge of fixed tangible assets

The owners of loan applicants who are legal entities commit themselves as co-debtors or guarantors.

Application and documents

1. Application procedure:

 

In order to be granted a loan from Fibank, the bank's credit specialists develop an individual offer tailored to the specific needs, credit history and principle of work in your company.

It will be our pleasure to help you find the optimal solution for your business needs.

To make a loan request, you can contact the Bank's credit specialists in one of the following ways:

  • for Sofia: tel.: (02) 800 2915, (02) 942 6601, (02) 800 2876, (02) 800 2027;
  • for the country: ask for the credit specialists in Fibank branches in the country;
  • make an inquiry

 

2. Necessary documents:

  • loan application (according to Fibank’s sample form);
  • related party declaration and of legal entity beneficial owner declaration (according to Fibank’s sample form);
  • declaration of marital and property status (according to Fibank’s sample form);
  • financial statements;
  • a certificate from the revenue authority for the absence/presence of obligations (under Article 87, paragraph 6 of the TSSPC);
  • other documents at the discretion of the Bank.