“Advantage” Student Loan for Education Abroad granted against a mortgage of a real estate
| Our Offer | Application Procedure | Documents | Fees and Commissions |
Invest in yourself by studying in the best universities in the world with the help of a Student Loan “Advantage” for Education Abroad from First Investment Bank
Loan parameters:
| Currency | EUR, USD |
| Repayment Term |
Up to 30 years |
| Grace Period |
Up to 3 years |
| Collateral | First rank mortgage of real estate |
| Interest Rate |
The annual interest rate is determined by the client’s solvency and the credit history of each loan applicant and is determined on the base of minimum BIR (competitive environment)* for EUR/USD + surplus 3.71 p.p.
In the event of non-performance of the additional terms and conditions, the interest rate will be increased by 1%. *BIR (competitive environment) - Base Interest Rate, refer to Interest Bulletin of Fibank AD. |
| APRC (Annual Percentage Rate of Charge | 10.00%, calculated on a loan amount 100 000 EUR, repayment term 360 months, annual interest rate BIR (competitive environment) + surplus 3.71 p.p. |
| % of Financing | Up to 75% of the market value of the mortgaged property |
| Repayment | In equal monthly instalments |
| Application fee | EUR 25 |
| Grant Fee | 1.5% one-off on the loan amount at utilization |
| Management Fee |
0.5% due at the beginning of each consecutive year for the term of the loan or part thereof, after expiry of the first year |
| Prepayment Fee | prepayment fee shall not be collected in the event of prepayment with own funds |
| Commitment Fee | 0.5% of the unused loan amount |
| Insurance of the Property | Paid by the Bank |
| Life Insurance of the Borrower | Advisable (the insurance premium is included in the monthly instalment) |
| Debit Card | Issued free of charge |
Contact Centre
bank (2265)accessible via mobile and fixed telephones
0800 11 011
only for subscribers for VIVACOM fixed services (free of charge)
+359 700 19 599
accessible outside Bulgaria
