VAT Overdraft

Overdraft to finance VAT costs related to investment projects.

Our offer
VAT Overdraft from Fibank offers:
  • up to 100% of the VAT payable on the approved costs;
  • the refunded VAT repays your loan;
  • no commission for early repayment with funds from refunded VAT.

 

 

Loan parameters

 

Amount

up to 100% of the VAT payable on approved costs

Purpose

for payment of VAT costs related to investment projects.

Loan currency

BGN, EUR

Term

up to 24 months

Interest rate

based on intrabank credit rating

Method of repayment

·         in overdraft mode;

·         upon refund of VAT, the overdraft limit is reduced by the amount received.

Fees and commissions

·         no commission for early repayment with funds from refunded VAT;

·         other fees and commissions are in accordance with the Fibank’s Tariff

Collateral

·         all collateral permitted by law;

·         Guarantee schemes of NGF, Municipal Guarantee Fund and Bulgarian Export Insurance Agency.

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.