Loan applicant:

An able-bodied individual, a Bulgarian citizen, a self-employed person or a person working on a permanent employment contract in a country falling within the scope specified below.

Scope:

For borrowers with incomes of:

• European Union (EU)

• European Economic Area (EEA)

• Switzerland

• USA

• Canada

• Great Britain

Purpose of the loan:

• for the purchase of property in Bulgaria

• for repayment of existing obligations (excluding public obligations to the state and municipalities)

Special offer:

When refinancing a mortgage loan from another bank: Fibank, depending on the individual credit rating of the borrower, will pay the due expenses for notary and state fees related to establishing a mortgage, in the amount of up to BGN 1,200*

Loan currency:

BGN, EUR

Loan amount:

No limit

Repayment term:

up to 25 years (300 months)

Method of repayment:

in equal monthly installments

Lending percentage with bank loan:

up to 70% of the market value of the property

Collateral:

• Mortgage on commissioned property located in a residential, administrative or commercial building.

• Co-debtor – an individual with a permanent and current address in Bulgaria, with no requirements for income and indebtedness

Fee for document review:

BGN 200

Loan negotiation fee:

According to the current Tariff of fees and commissions of FIB AD.

The fee is due no later than the first repayment installment on the loan.

Property appraisal:

The appraisal of the property serving as collateral is carried out at the borrower's expense by an independent property appraiser external to the Bank, entered in the register of independent appraisers maintained by the Chamber of Independent Appraisers, and confirmed by an internal appraiser of the Bank (see Tariff - Licensed Asset Appraisals).

Interest rate:

from 4.11% variable annual interest rate, formed on the basis of SBIR * + allowance

*SBIR - savings-based interest rate is a reference interest rate calculated for each individual type of currency according to the methodology announced by the Bank.

Characteristics of the interest rate, possible consequences:

The specified minimum interest rates are applicable to borrowers who meet the Bank's requirements for the entire period of validity of the loan agreement, do not have a delay in paying any amount due on the loan for a period longer than 30 days and simultaneously use all additional interest discounts as follows:

• 1.00% when transferring declared income to a current account with the Bank;

• 0.25% when using a Visa/MasterCard credit card issued by the Bank, active electronic banking and at least one utility payment registered in electronic banking;

• 0.20% when using "Peace of mind with FiHealth" insurance;

• 0.10% when using a bank package and electronic banking.

The annual interest rate is determined depending on the individual credit rating of each borrower.

The interest owed by the borrower is paid periodically in the amount and at the maturity dates detailed in the repayment schedule, an integral part of the loan agreement.

Amendments to the repayment schedule and repayment installment may occur:

        • in the event of a change in the interest rate applicable under the         agreement as a result of a change in what was declared by the        borrower or in the event of discontinuing the use of any of the        products and services as a condition taken into account when     forming the initially agreed interest rate;

        • in the event of a change in the SBIR in an amount where the     amount of the monthly interest payable exceeds the agreed         amount of the repayment installment, according to the effective              repayment schedule;

        • in case of partial early repayment of the loan;

In the event of non-fulfilment of any of the obligations under the credit agreement, as well as in the event of arrears exceeding 30 days.

Representative example:

Example:

- if the loan amount is BGN 150,000;

- repayment term 300 months;

- annual interest rate: 4.11% variable annual interest rate formed on the basis of SBIR + allowance.

According to the specified parameters of the loan and assuming that the loan is fully utilized, the loan applicant receives the declared income on an account with the Bank, uses the "My Choice Online" package program, has a credit card, active electronic banking and at least one utility payment registered in electronic banking  and has signed "Peace of Mind with Fihealth" insurance", the loan applicant shall pay each month on the date of the month specified by them (installment maturity date):

• 300 equal monthly installments, each with an approximate amount of BGN 805.89 

• The total amount owed by the borrower shall be BGN 257 163.70 

• APR on the loan is 4.97%

The cost of the APR includes costs for an annual credit card fee in the amount of BGN 45, a one-off fee of BGN 200 for reviewing documents, a loan negotiation fee in the amount of BGN 500, a monthly fee for the "My Choice Online" banking package" in the amount of BGN 6.85, fee for opinion on current market assessment in the amount of BGN 15, mortgage cancellation fee in the amount of BGN 90, as well as the annual premium under "Peace of Mind with FiHealth" insurance in the amount of 5.05‰.

Possible additional costs of the loan:

Additional costs payable under the loan agreement, which are not known to the Bank and which are not included in the total costs of the loan:

• the relevant notary fees due for establishing a mortgage in favor of the Bank;

• the relevant notary and state fees due for renewal and cancellation of the collateral established in favor of the Bank;

• cost of property appraisal;

        • costs for insurance of the property subject to collateral for      the duration of the loan agreement.

Conditions related to early repayment of the loan:

In the event that the borrower wishes to exercise their right to early repayment of part or all of their obligations under the loan agreement, the borrower shall submit an express written request to the Bank, containing the amount of the early repayment amount and the date on which the borrower wishes to effect the early repayment.

A commission for early repayment in the amount of 1% of the early repayment amounts on the loan is due when the loan is repaid before the payment of 12 monthly repayment installments from its utilization. In case of repayment after this period, no commission for early repayment is due.

In case of early partial repayment, one of the following options is allowed at the borrower's choice:

• reducing the amount of the repayment installment and maintaining the same deadline for repaying the loan;

• reducing the deadline for repaying the loan and keeping the same repayment installment on the loan;

• a combination of the two options mentioned above.

Possible consequences upon default:

Payments that are due but not made on time due to a lack of funds on the borrower's current account with the Bank are considered overdue, and for the time of delay the borrower owes compensation for delay (penalty surcharge) on the amount of the overdue amount. The compensation for delay is in the amount of the legal interest.

In the event that the borrower does not fulfill any of their obligations under the loan agreement or the loan is declared to be due in full and ahead of schedule, the Bank has the right to be satisfied from all collaterals at the same time or from any one or several of them in the order provided by law, and according to the type of liability chosen by the borrower and specified in the loan agreement.

Deadline for accepting the loan offer:

The borrower has a period of 14 (fourteen) days from the receipt of a draft loan agreement to decide on its conclusion.