Fibank "Career Start" consumer loan
Intended for clients with a higher education aged 21 to 30 years old
Advantages
No work experience required
Opportunities
Grace period for the first 3 months
Suitable for
Individuals aged 21 to 30 years old
Loan amount
Up to BGN 5 000
We offer:
Possibility of financing young people aged 21 to 30 years old with completed higher education in a professional field, according to a list approved by the Bank (Application and documents section);
Quick response and easy application process;
Professional consultation, high level of expertise and assistance from our employees;
Take advantage of the benefits of the "Career Start" consumer loan:
No work experience requirement;
No guarantor;
Possibility of using a grace period on interest and principal for the first 3 months.
Cedit parameters
Maximum amount: | up to BGN 5,000 or their equivalent in EUR |
Term: | up to 3 years |
Grace period: | Possibility of using a grace period on interest and principal for the first 3 months |
Collateral: | No collateral required |
Interest rate conditions: | 8% * variable annual interest rate formed on the basis of SBIR + allowance |
Repayment: | in equal monthly installments |
Collateral: | No guarantor/s required |
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 FIB 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 expenditure): | APR: 11.90% calculated for a loan amount of BGN 5,000, repayment period 36 months, with a variable interest rate of 8% for the repayment period and included costs for opening a current account in national and foreign currency - BGN 5.00 , a fee for keeping a current account in national and foreign currency - 4.50 BGN per month and a loan negotiation fee in the amount of 97.79 BGN 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 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 + allowance.
SBIR - "Savings-based interest rate" is a reference interest rate calculated for each individual type of currency 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. The interest mark-up is calculated according to the individual credit rating of each borrower. In individual cases, the specific financing conditions determined by the Bank may differ from the amounts indicated above.
To apply for a "Career Start" consumer loan, you need:
- to be an able-bodied natural person;
- be between the ages of 21 and 30 years old on the date of applying for the loan;
- to have a Diploma of completed higher education with a professional field from the attached list below:
o Medicine
o Dentistry
o Pharmacy
o Veterinary Medicine
o Public Health
o Pedagogy
o Teaching Pedagogy
o Educational Theory and Management
o Informatics and Computer Science
o Communication and Computer Technology
o Electrical Engineering, Electronics and Automation
o Power Engineering
o Mechanical Engineering
o General Engineering
o Architecture, Construction and Surveying
o Law
o Economy
o Administration and Management
o Food Technologies
o Chemical Technologies
- The period in which you apply for a "Career Start" consumer loan must be up to 12 months from the date of issuance of the diploma for a completed educational degree.
Required documents:
- Application for granting a loan;
- Copy of the identity card;
- Copy of diploma for completed higher education
- Other documents at discretion of the Bank.