Interest rate conditions

Advantages

Loan amount

Term

Our proposal:
With "Security" consumer loan you have the opportunity to benefit from:
  • High loan amount - up to BGN 100,000* or the equivalent in euros;
  • Repayment term - up to 10 years;
  • Protection through insurance with covered risks: death as a result of illness or accident, permanent reduced working capacity over 70% as a result of illness or accident, unwanted unemployment or reduction of salary in case of unforeseen life events;
  • Simplified application procedure and quick response;
  • No fee when applying online**;
  • No guarantor;
  • Bonus: If you are approved for a consumer loan, you can also benefit from a pre-approved debit card overdraft of up to 3 times your salary amount, at 0% annual interest for the first year. The right to use a pre-approved "Overdraft at 0% annual interest for the first year" can be exercised only once.

* For amounts over BGN 80,000, a minimum of BGN 2,500 net monthly income is required.

** Standard application fee for applications submitted at the Bank’s office – BGN 25.


Loan parameters:

Loan parameters

Repayment
Maximum amount:Up to BGN 100,000 or the equivalent amount in EUR
Term:Up to 10 years
Purpose:

For current needs and/or consolidation of obligations

Interest conditions:From 4.29% 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: 7.63% calculated on a loan amount of BGN 15,000, a repayment term of 84 months, with a variable interest rate of 4.29% for the repayment term and including costs for a loan negotiation fee of BGN 273.82, an annual credit card fee of BGN 45, a package program with a monthly fee of BGN 6.85 and an insurance premium of 0.933%. The monthly installment with the specified parameters and a fully utilized loan is BGN 207.07. The total amount due is BGN 19,139.39.


* Variable annual interest rate formed upon fulfillment of the following conditions:

  • Transfer of working salary
  • Fibank credit card, active electronic banking and at least one registered utility payment in electronic banking;
  • Banking package and electronic banking
  • Insurance with covered risks: death as a result of illness or accident, permanent reduced working capacity over 70%, as a result of illness or accident, involuntary unemployment or reduction of salary.

 

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, used as the basis for calculating the variable interest rate on the loan applicable to the Agreement. The interest surcharge 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 values ​​specified above.


Application:
To apply for "Security" consumer loan, you must:
  • be a capable individual, a Bulgarian citizen, aged between 18 and 65 at the time of loan disbursement;
  • work under an employment contract or other equivalent legal relationship for an indefinite period;
  •  For amounts over BGN 80,000, a minimum of BGN 2,500 net monthly income is required.
Required documents:
  1. Loan application;
  2. Copy of the ID card;
  3. Insurance application;
  4. Other documents at Bank’s discretion.

General terms and conditions: