Super revolving loan

A loan presented in the form of an overdraft by which you receive additional funds for working capital

Our offer

Super revolving loan offers:

  • to develop your business;
  • to have additional funds for current needs;
  • to pay interest only on the utilized part of the loan;
  • long grace period - up to 36 months;
  • no repayment schedule within 3 years;
  • withdraw the repaid part of the loan again - without repeated review of documents and mortgage costs;
  • long term for working capital loans - up to 5 years;
  • lower commissions during the repayment schedule period;
  • no fee for early repayment after the overdraft expires;

 

Loan parameters:

 

Amount:

No limit depending on business needs and collateral coverage

Loan currency:

BGN, EUR

Term:

·         up to 60 months, including up to 36 months in overdraft mode;

·         with pledge on fixed tangible assets - up to 60 months, including up to 12 months in overdraft mode.

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;  

Grace period:

 in overdraft mode for up to 3 years

Method of repayment:

monthly repayment installments after the end of the overdraft period

Collateral:

·         mortgage on residential, administrative, business, production and warehouse areas, agricultural land, regulated land property;

·         pledge on fixed tangible assets.

The owners and managers of loan applicants who are legal entities and the owners of collateral must commit themselves as co-debtors or guarantors.

Fees and commissions:

·         management commission for the overdraft period - of 1% per year

·         management commission for the period with repayment schedule - of 0.5% per year

·         commission for early termination of overdraft - no commission when switching from overdraft mode to repayment schedule

·         other fees and commissions - according to the Fibank’s Tariff

Application and documents

Application procedure

 

To grant a loan, 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 an inquiry for loan, you can contact the Bank's credit specialists in one of the following ways:

  • phone: 02/817 1366; 02/817 1365; 02/800 22 73;
  • ask for our credit specialists at the Bank's branches and offices;
  • send an inquiry to micro@fibank.bg

 

Documents required for natural persons:

  • copies of the identity cards of the loan applicant/co-debtor/the person providing the collateral;
  • documents certifying the collateral ownership;
  • annual tax return for the last accounting year;
  • certificate of presence/absence of obligations issued by the revenue authority under Art. 87, paragraph 6 of the Tax and Social Security Procedure Code;
  • related party declaration issued according to Fibank (First Investment Bank) sample form;
  • a power of attorney for NSSI;
  • an application for granting a micro loan to natural persons.

 

Documents required for legal entities:

  • decision of the competent body to withdraw and secure the loan;
  • balance sheet, statement of income and expenses and annual tax return for the last year;
  • documents certifying the collateral ownership;
  • copies of the identity cards of the representative of the company - loan applicant/co-debtor/the persons providing collateral;
  • certificate of presence/absence of obligations issued by the revenue authority under Art. 87, paragraph 6 of the Tax and Social Security Procedure Code;
  • related party declaration issued according to Fibank (First Investment Bank) sample form;
  • a power of attorney for NSSI;
  • an application for granting a micro loan to legal entities.