Fibank 
Consumer loan “Green energy for households”
Interest rate conditions
Interest rate 5.80%
Advantages
To purchase a renewable energy installation
Loan amount
Up to BGN 25 000
Term
Up to 10 years
Our offer Loan parameters
Application and documents
With the consumer loan "Green Energy for Households" you have the opportunity to receive funds for the purchase and installation of renewable energy installation for your own production:
- Photovoltaic system up to 10 kWp, including electrical energy storage systems;
- Solar installation for domestic hot water supply (DHWS);
You can take advantage of:
- Easy application at a convenient Fibank office for you;
- Possibility of a grace period on principal and interest for the first 3 months;
- Repayment of loan installments with the funds saved for electricity and/or heating;
*Approval for grant assistance from the Ministry of Energy under the “National Scheme for Supporting Households in the Field of Renewable Energy” (the Scheme) is required. Under the terms of the Scheme, the grant is disbursed upon completion of the installation.
Loan parameters:
| Maximum amount: | Up to BGN 25,000 / the equivalent amount in EUR, but not more than the amount due under the contract concluded with the company for the sale and installation of a photovoltaic system (PVS) or a solar installation for domestic hot water supply (DHWS). |
|---|---|
| Term: | Up to 10 years |
| Grace period: | Possibility of up to 3 months of initial grace on principal and interest |
| Purpose: | For the purchase and installation of renewable energy installation for own production, including systems for storing the produced electricity |
| Interest conditions: | 5.80% variable annual interest rate formed on the basis of SBIR* + surcharge |
| Collateral: | No collateral is required |
| Repayment: |
|
| Application fee: | BGN 25,00 |
| Loan negotiation fee: | BGN 352.05, due no later than the day of signing the loan agreement |
| Early repayment fee: | Not due |
| APR (annual percentage rate of expenditure): | APR: 6.52% calculated on a loan amount of BGN 25,000, a repayment period of 120 months, at a variable interest rate of 5.80% for the repayment period, assuming that the borrower does not use a grace period and with included costs: application fee at Bank’s office of BGN 25, loan negotiation fee of BGN 352.05, one-time fee for opening current accounts with a debit card in national and foreign currency of BGN 4 and a monthly fee for maintaining a payment account with a debit card of BGN 2.50. The monthly installment, given the specified parameters and a fully utilized loan amount, is BGN 275.05. The total amount due is BGN 33,684.59. |
* SBIR is a reference interest rate based on savings, calculated for each individual currency, according to the methodology announced by the Bank. In individual cases, the specific financing conditions determined by the Bank may differ from the values indicated above.
To apply for "Green Energy for Households" consumer loan, you must:
- be a capable individual between the ages of 18 and 65 at the time of loan disbursement;
- be approved for financing by the Ministry of Energy under the "National Scheme for Supporting Households in the Field of Renewable Energy"
Required documents:
- Loan application;
- Copy of ID card;
- Copy of contract for sale and installation of renewable energy installation;
- Registration number of application request under the Scheme;
- Other documents at the discretion of the Bank.