Fibank The loan is offered to the maximum amount of € 500,000 with mortgage collateral
First Investment Bank launched its new product "Super loan" which is designed specifically for micro, small and medium enterprises that need additional working capital or plan investments in production assets.
In case of mortgage collateral of residential and commercial properties the loan is available in its maximum amount of up to EUR 500,000 for a period of 120 months, and for the first 12 months the "Super loan" can be used in overdraft regime. During this period, the service of the obligation is at a lower fixed rate of 6.5 %, and the companies themselves can decide whether to repay the loan principal or to pay only interest obligations.
"Super loan" offers to Fibank borrowers the convenience to decide for themselves when and how much of their obligations to repay during the overdraft period. They also have the opportunity to use again the repaid amount of the loan. When switching from overdraft to loan regime after the first year, there is no fee for early repayment and the interest to the maturity of the loan is 8.59%.