Fibank 
Overdraft Comfort
- Overdraft Comfort
Opportunities
Possibility of advance application when opening a current account at the Bank's office
Advantages
Simplified procedure without the need to visit the office again when granting the overdraft limit
Fees
No fees
Our proposal An example of informed choice
Terms and conditions and documents
"Overdraft Comfort" offers you:
- Possibility of advance application when opening a payment account at the Bank's office;
- Simplified procedure without the need to visit an office again to sign documents when the limit is granted;
- Automatic granting of the limit upon fulfillment of the terms of the product (see Conditions and documents).
You receive:
- Overdraft in the amount of BGN 1,000;
- Repayment term of 12 months with the possibility of automatic renewal;
- 11% variable annual interest rate based on SBIR* + allowance;
- Possibility of early termination without a fee.
An example of informed choice
| Loan amount: | BGN 1,000 |
|---|---|
| Loan currency: | BGN |
| Repayment term: | 1 year with opportunity for automatic renewal; |
| Interest rate: | The annual interest rate is 11% variable annual interest rate formed on the basis of SBIR* + allowance. *SBIR – Savings-based interest rate |
| APR (annual percentage rate of expenditure): | 15.34%, calculated for an authorized overdraft amount of BGN 1,000 for a period of 1 year, the amount has been used in full, at an annual variable interest rate of 11%. The total amount owed by the borrower is BGN 1143.53. The APR and the total amount due are calculated in accordance with the requirements of the Consumer Loan Act and with the following additional assumption - the overdraft is used in full for the entire term of the contract, the interest is as stated above. The costs for bank account are included in the value of the APR - an opening fee of BGN 2.50 and a monthly bank account maintenance fee of BGN 2.50. |
| Method of absorption: | In overdraft regime |
| Fee for preliminary examination of loan application: | Not due |
| Disbursement fee: | Not due |
| Management fee: | Not due |
You can apply for "Overdraft Comfort", if the following conditions are met:
- There is no other active contract concluded between the Borrower and the Bank for an overdraft loan on a payment account of natural persons;
- Availability of an active open-ended registered employment contract/pension in the National Social Security Institute;
- Lack of negative information following an examination to establish the Borrower's creditworthiness;
- Receiving the first transfer in the amount of min. BGN 300 on the account on which it was applied for (cash contributions, disbursed loans from Fibank and intra-bank transfers between individuals shall not be included);