Advantages

Simplified procedure without the need to visit the office again when granting the overdraft limit

Opportunities

Possibility of advance application when opening a current account at the Bank's office

Fees

No fees

Our proposal

"Overdraft Comfort" offers you:

  • Possibility of advance application when opening a current account at the Bank's office;
  • Simplified procedure, without the need to visit the office again to sign documents when the limit is granted;
  • Automatic granting of limit upon fulfillment of the product conditions (see Terms and Conditions and documents).

 

You receive:

  • Overdraft in the amount of BGN 1,000;
  • Repayment term 12 months with the possibility of automatic renewal;
  • 11% variable annual interest rate based on SBIR* + allowance;
  • Possibility of early termination without 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:

No fee

Disbursement fee:

 Not due

Management fee

Not due

Terms and conditions and documents

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 under a current account of natural persons;
  • Existence of an active registered open-ended employment contract/pension in the NHIF
  • Lack of negative information after verifications to establish the Borrower's creditworthiness.
  • Receipt of the first transfer in the amount of at least BGN 300 to the bank account on which the overdraft has been requested (cash payments, utilized loans from Fibank and intra-bank transfers between individuals are not included);