Interest rate conditions

Interest rate of 3.99%

Purpose

Buying an electric car

Loan amount

Up to BGN 100 000

Term

Up to 10 years

Our offer

With Green Vehicle Consumer Loan you have the opportunity to: 

  • To purchase a new or used electric vehicle using an all-electric engine and not having an internal combustion engine and receive additional financing, in the amount of up to BGN 10,000, to cover costs related to the purchase (including purchase and installation of charging station, insurance and notary and municipal fees/taxes due).

  • To recover the funds invested by you for an acquired electric car within 6 months of its purchase.

 

You have the opportunity to benefit from:

 

  • Financing 100% of the price of the car;
  • Immediate acquisition of ownership of the car;
  • Possibility to choose an insurance company according to your choice and discretion;
We offer you:

 

  • Preferential interest rates;
  • Long repayment period;
  • No collateral requirement;
Why choose an electric car?

 

  • Zero harmful emissions and limiting environmental pollution;
  • No annual local tax;
  • Free parking in blue and green zones;



Loan Parameters

Loan parameters:

Purpose:
  • For the purchase of a new or certified used electric car* and other costs (up to BGN 10,000) related to the purchase

or

  • For reimbursement of funds for an acquired electric car within 6 months of its purchase
Maximum amount:BGN 100,000 or the equivalent in EUR
Minimum amount:

BGN 20,000 or the equivalent in EUR

Terms:Up to 10 years
Interest conditions:from 3.99% variable annual interest rate formed on the basis of SBIR + margin with accumulated additional discounts**
Repayment:in equal monthly installments
Collateral:No collateral required
Application fee: 
  • For applications submitted by the Call Center – no fee 
  • At the office of the Bank  - BGN 25
Negotiation fee:
  • According to the effective 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:Nor required
APR (annual percentage rate of expenditure):APR: 5.41%, calculated for a loan amount of BGN 50,000, repayment term 120 months, with a variable interest rate of 3.99% for the repayment term and included costs for a loan negotiation fee of BGN 704.10, annual credit card fee in the amount of BGN 45, package program with a monthly fee of BGN 6.85, annual insurance premium under "Peace of Mind with FiHealth" insurance in the amount of 5.05‰ and provided that the client has applied through the Call Center. The monthly installment with the specified parameters and fully utilized loan is BGN 505.99. The total amount due is BGN 64 166.15.

*If the electric car is used, the date of first registration must be less than 3 years ago (from the date of application), less than 60,000 km driven.

**Variable annual interest rate, formed on the basis of SBIR + margin, with discounts included upon fulfillment of the following conditions: transfer of declared income to a bank account - 1%; use of a credit card issued by Fibank, active electronic banking and registered at least one utility payment in electronic banking - 0.50%; concluded insurance "Peace with FiHealth" - 0.20% and use of bank package and electronic banking - 0.10%.

 

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 allowance 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 indicated above.



Application Procedure

You can apply for loan:

  • At Fibank’s office
  • By phone at *22 65 (*bank)

 

To apply for Green Vehicle Consumer Loan:
  • you need to be an able-bodied individual between the ages of 18 and 65, at the time the loan is disbursed;
Required documents:
  • Application for granting the loan;
  • Copy of the identity card;
  • Copy of an offer-specification for the purchase and sale of an electric car – to be submitted when applying for a loan;
  • Copy of the contract for the purchase and sale of an electric car – to be submitted after approval for financing by the Bank and before concluding the loan contract;
  • A copy of the Certificate of Registration and invoice for the sale of the car - required for financing in order to recover funds for an acquired electric car and provided when applying for a loan;
  • Other documents at the discretion of the Bank.