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)

• additional financing for current needs

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

Fee for document review:

200 BGN / 102.26 EUR

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).

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.