Amount:

Up to 100% of the amount of the investment, which is:

• the selling price of the purchased doctor’s/dentist’s office;

• the amount of repair costs according to the bill of quantities confirmed by the bank;

• costs for purchase of equipment according to the acquisition price confirmed by the bank.

Loan currency

BGN, EUR

Term:

• up to 180 months - in case of purchase and/or repair of property and collateral in the form of mortgage of the property;

• up to 120 months - for purchase of equipment and collateral in the form of mortgage of the property;

• up to 60 months - for the purchase of equipment and collateral in the form of pledge of fixed tangible assets.

Interest rate:

The annual interest rate of the loan is formed on the basis of an internal bank credit rating - compound interest BIRa/BIRb/BIRc* + surcharge.

Possibility of an additional interest rate preference for clients who also use other Fibank products.

* Base interest rate (BIR) is applicable to business clients, and it is a variable interest rate index that the Bank uses as a base interest rate when calculating the variable interest rate on the loan applicable to the contract. The BIR is approved by Fibank's Board of Directors and calculated according to a methodology announced by Fibank for each individual type of currency, based on the ratio between the planned costs of the Bank's liabilities and the market interest rates for the same currency, applicable to loans in national and foreign currencies. BIRa, BIRb and BIRc represent the base interest rate adjusted by a coefficient for the market environment for business clients with an internal bank credit rating, respectively in the interval 1-2 (for BIRa), 3-4 (for BIRb) and 5-6 (for BIRc) . The Bank makes public the base interest rates - BIRa, BIRb and BIRc that it applies, by announcing and publishing them on the Bank's website at www.fibank.bg;  

Eligible collateral: (separately or in combination)

• first in line mortgage on the doctor’s/dentist’s office purchased with loan funds by crediting up to 80% of the market value of the collateral. When providing additional collateral, another residential property, it is possible to credit up to 100% of the investment;

• first lien on the medical/dental equipment by crediting up to 80% of the market value of the collateral. When providing additional collateral, other equipment, it is possible to credit up to 100% of the investment;

• guarantee by the owners of the company or their inclusion as co-debtors under the loan agreement;

• guarantee by the persons who own the collateral, or their inclusion as co-debtors under the loan agreement;

• contract for financial collateral with the provision of a pledge on the payment accounts or a special pledge of receivables on the bank accounts of the loan applicant at Fibank.

Method of absorption:

As a one-off sum

Method of repayment:

·         equal monthly installments (annuities);

·         equal principal payments;

·         individual repayment schedule.

Other requirements:

For the term of the loan, the borrower undertakes to receive their income from the Health Fund on an account in Fibank.