First Investment Bank

Loans

Overdraft on a Debit Card Account in BGN

When you would like to have additional funds without being bound to a repayment schedule.

You can apply for this type of a loan if you have a debit card issued by Fibank and you received your salary through this card.

This type of a loan allows you to withdraw additional sums of money up to five net salaries. The loan amount as well as the interest due is repaid currently upon the receipt of amounts in the account and you can withdraw the repaid amount again within the agreed term.

If you have an overdraft on your debit card you receive:

Security – you will have additional funds at your disposal in case you need them;
Optimization of the loan interest – you will pay interest only on the loan amount you have used;
Flexibility – the utilized loan amount may be repaid in instalments which you yourself determine.

Loan Parameters:

Currency	BGN
Term	1 year
Interest Rate	The annual interest rate is determined by the client’s solvency and the credit history of each loan applicant on the basis of BIR* - plus surplus 7% *BIR – Base Interest Rate, refer to Interest Bulletin of Fibank AD;
Amount	Up to 5 times the received monthly salary but not more than 10 000 BGN. In income from retirement(or pension) received in the bank – up to 2 pensions.
Utilization	As a lump-sum
Application fee	BGN 10 Free of charge - for request submitted through the Contact center / on the internet web site of the Bank
Grant Fee	Lump-sum fee - 1% of the amount of the approved overdraft
Prepayment Fee	Free of charge