Amount:

·         up to 4 times the average monthly revenue from sales;

·         up to BGN 80,000 without requirement for collateral.

Term:

·         1 year with possibility for revolving

·         3 years - with collateral in the form of mortgage of property

Loan currency:

BGN, EUR

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;  

Collateral: (separately or in combination)

For exposures up to BGN 80,000:

·         without requirement for collateral, owners and managers have to commit themselves as co-debtors.

Depending on your individual credit rating, a guarantor or pledge on fixed tangible assets/ pledge on receivables under contract may be required

For exposures up to BGN 100,000 without a requirement for a mortgage on property, it is accepted:

·         guarantee by a natural person or a company;

·         pledge of machines, equipment, motor vehicles;

·         pledge of receivables under contract;

·         the owners and managers commit themselves as co-debtors.

For exposures exceeding BGN 100,000:

·         mortgage on property;

·         the owners and managers must commit themselves as co-debtors.

A guarantee from the National Guarantee Fund or the Municipal Guarantee Fund for Small and Medium-sized Enterprises of Sofia Capital Municipality can be used to partially secure the loan.

Method of absorption:

 You can absorb the loan according to your business needs

Method of repayment:

 No repayment schedule, the loan resets at maturity date