"Career Start" consumer loan

Intended for clients with a higher education aged 21 to 30 years old

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Opportunities

Grace period for the first 3 months

Advantages

No work experience required

Suitable for

Individuals aged 21 to 30 years old

Loan amount

Up to BGN 5 000

Our offer:
We offer:
  • Opportunity to financially support young people with completed higher education in a professional field, according to a list approved by the Bank (Application and documents section);
  • Opportunity to apply online and get a quick response;
  • No fee for online application*;
You can benefit from the advantages of "Career Start" consumer loan at the following conditions:
  • No work experience is required;
  • No guarantor is required;
  • Opportunity to use a grace period on interest and principal for the first 3 months.

 

*Standard fee for applications submitted at Bank's office - BGN 25.

Our proposal:

Loan parameters

Maximum amount:Up to BGN 5,000 or the equivalent amount in EUR
Term:Up to 3 years
Grace period:

Possibility to use a grace period on interest and principal for the first 3 months

Purpose:Providing means of support until starting work.
Interest conditions:8% * variable annual interest rate formed on the basis of SBIR + surcharge
Collateral:No collateral is required
Repayment:In equal monthly repayment installments
Application fee: 
  • For applications submitted online - no fee;
  • At the Bank's office – BGN 25;
Loan negotiation fee:
  • According to the current Tariff for fees and commissions of Fibank AD.
  • The fee is due no later than the first repayment installment on the loan.
Early repayment fee:Not due
APR (annual percentage rate of costs):APR: 11.90% calculated on a loan amount of BGN 5,000, a repayment term of 36 months, a variable interest rate of 8% for the repayment term and including costs for opening a payment account in national and foreign currency – BGN 5.00, a fee for maintaining a payment account in national and foreign currency – BGN 4.50 per month and a loan negotiation fee of BGN 97.79 and assuming that the borrower does not use a grace period and the loan application is submitted online. The monthly installment with the specified parameters and a fully utilized loan is BGN 156.68. The total amount due is BGN 5,900.35.

* Variable annual interest rate formed on the basis of SBIR + surcharge.

 

SBIR – "Savings-based interest rate" is a reference interest rate calculated for each individual currency type according to a methodology announced by the Bank, used as a basis for calculating the variable interest rate on the loan applicable to the Agreement. In individual cases, the specific financing conditions determined by the bank may differ from the values ​​specified above.

Application and documents:
To apply for a "Career Start" consumer loan you must:
  • be a legally capable individual;
  • be between 21 and 30 years old as of the date of applying for the loan;
  • have a Diploma of completed higher education in a professional field included the list below:
  1. Medicine
  2. Dentistry
  3. Pharmacy
  4. Veterinary Medicine
  5. Public Health
  6. Pedagogy
  7. Pedagogy of Education
  8. Theory and Management of Education
  9. Informatics and Computer Science
  10. Communication and Computer Engineering
  11. Electrical Engineering, Electronics and Automation
  12. Energy
  13. Mechanical Engineering
  14. General Engineering
  15. Architecture, Construction and Geodesy
  16. Law
  17. Economics
  18. Administration and Management
  19. Food Technology
  20. Chemical Technology
  • The period in which you apply for "Career Start" consumer loan should be up to 12 months from the date of issuance of the diploma for a completed educational degree.
Required documents:
  1. Loan application;
  2. Copy of the ID card;
  3. Copy of a diploma for completed higher education
  4. Other documents at Bank’s discretion.

General terms and conditions: