Advantages

Special insurance packages and grace period during maternity

Term

Up to 15 years for investment loans

Our Offer




Smart Lady Business Program launched by Fibank is a special program aimed at women in business

 

Smart Lady Business Program offers:

  • relieved requirements for the collateral of the loan;
  • grace period during maternity (up to 15 months);
  • long repayment period - up to 25 years for investment loans and up to 10 years for revolving loans;
  • included FiHealth Peace of Mind insurance and Health VIP medical insurance package from FiHealth Insurance at the expense of the Bank, which provide prevention, protection and peace of mind to women entrepreneurs;
  • a business package for everyday banking, which reduces your costs for banking products used by up to 30%;
  • special children's savings deposit;
  • business debit card - Mastercard Business Debit;
  •  Mastercard Platinum First Lady credit card with additional options when using it;
  • included Mastercard debit card for children.

Parameters

 

Amount

No limit

Loan currency

BGN and EUR

Term

·         up to 300 months - for investment loans

·         up to 120 months - for working capital financing

Interest rate conditions

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: (individually or in combination)

• mortgage on property;

• pledge on fixed tangible assets;

• pledge on movable property;

• other.


Loans are provided with relieved collateral requirements, with the possibility of inclusion in NGF guarantee schemes.

Method of utilization:

·         once or in tranches;

·         in the form of an overdraft.

Method of repayment:

·         equal monthly installments (annuities);

·         equal principal payments;

·         individual repayment plan;

·         overdraft.

During the period of maternity and raising a child up to 2 years of age, the lady - manager and/or owner of the company is allowed:

·         grace period for servicing the loan principal no more than 15 months;

·         during this period, the loan management commission is reduced by 50%.

Fees and commissions:

special fees and commissions for Smart Lady business program


Additional products

Smart Lady Program

It combines not only credit opportunities for businesswomen, but includes a number of other financial and non-financial solutions to offer women support, security and peace of mind

 

Smart Lady Business program also offers:

Insurances:

·         FiHealth Peace of Mind insurance for the owner/manager of the company with insurance coverage of up to BGN 150,000.

·         Health VIP medical insurance package including prevention, out-of-hospital and in-hospital care.


FiHealth Peace of Mind insurance and Health VIP package are offered by FiHealth Insurance especially for the customers of Smart Lady business program. The insurance premiums for the lady manager or owner of the company are for the account of the Bank.

Business packages:

Possibility to choose the business package suitable for you for daily banking and thus reduce your costs for the banking products used by up to 30%.

Children’s saving deposit:

Savings deposit with the possibility of concluding Accident insurance, to double the amount of the deposit in the event of an insured event and triple the amount in the event of an insured event as a result of a road accident.

First Lady credit card:

 Mastercard Platinum First Lady credit card for the manager/owner of the company - borrower with a pre-approved limit depending on the amount of the loan.

The cards include free medical insurance for breast cancer treatment with a limit of up to BGN 10,000.

Business debit card:

Mastercard Business Debit

Debit card for children and teenagers:

children's Mastercard debit card for children and teenagers aged 7 to 18 years

 

The choice of the additional services is not a mandatory condition for using the loan.

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 the 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:

  • 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

 

Required documents for natural persons:

  • copies of the identity cards of the credit applicant/co-debtor/the person providing collateral;
  • collateral ownership documents;
  • annual tax return for the last fiscal year;
  • certificate of presence/absence of obligations from the revenue authority under Art. 87, paragraph 6 of the TSSPC;
  • declaration of affiliation with other persons according to sample form of Fibank (First Investment Bank);
  • a power of attorney NSSI;
  • a request for granting a micro loan to individuals.

 

Required documents for legal entities:

  • decision of the competent authority to withdraw and secure a loan;
  • balance sheet, statement of income and expenses and tax return for the last year;
  • collateral ownership documents;
  • copies of the identity cards of the representative of the company - credit applicant/co-debtor/the persons providing collateral;
  • certificate of presence/absence of obligations from the revenue authority under Art. 87, paragraph 6 of the TSSPC;
  • declaration of affiliation with other persons according to sample form of Fibank (First Investment Bank)
  • a power of attorney NSSI;
  • request for granting a micro loan to legal entities.