Micro and SME Banking / Micro-Lending /

Micro Loans

Our Offer Application Fees and Commissions

Loans for producers, merchants and persons practicing liberal professions:

  • No requirement for a business plan;
  • Option to provide financie to startup a business;
  • Simplified application procedure;
  • Repayment schedule according to your needs.

Why should you choose a Micro loan from Fibank?

  • no limit in the loan amount;
  • possibility for a lower interest rate;
  • possibility for a longer grace period;
  • repayment period up to 3 years;
  • no collateral required for loan amounts up to BGN 10 000;
  • for partial collateral on your loan you could use a guarantee by the National Guarantee Fund or for borrowers in Sofia by Municipal Guarantee Fund with Sofia Metropolitan Municipality for Small and Medium Enterprises.

Loan Parameters:

Amount:
  • No limit in the loan amount;
  • Up to BGN 50 000 without mortgage collateral.
Term:
  • Working capital loans – up to 3 years;
  • Investment loans – up to 10 years;
  • Overdrafts - 1 year.
Grace period:
  • For working capital loans - up to 1 month; in case of season business - up to 9 months;
  • For investment loans – up to 6 months in case of season business - up to 9 months.
Interest Rates:

The annual interest rate for the whole period is:

  • minimum BIR (competitive environment)** for BGN/EUR/USD + surplus 3 p.p. for loans with mortgage collateral;
  • minimum BIR (competitive environment)* for BGN/EUR/USD + surplus 4 p.p. for loans with other collateral;
  • minimum BIR (competitive environment)* for BGN/EUR/USD + surplus 5 p.p. for loans without collateral;

It is applicable to borrowers who work actively with Fibank and have good financial performance.

**BIR (competitive environment) - Base Interest Rate of Fibank, please refer to the Interest Bulletin of Fibank AD.

*BIR - Base Interest Rate of Fibank, please refer to the Interest Bulletin of Fibank AD.
Acceptable collateral:(separately or in combination) 
  • Warrant contract;
  • Mortgage;
  • Pledge on machinery, equipment, automobiles, etc.;
  • Pledge on cash funds;
  • Pledge on future receivables;
  • guarantee by the National Guarantee Fund or the Municipal Guarantee Fund with Sofia Metropolitan Municipality for Small and Medium Enterprises;
Utilisation:
As a lump-sum
Repayment:
  • In annuity intallments;
  • Equal installments of principal;
  • Seasonal, in accordance with a repayment schedule depending on the business specificity.

Note: Micro loans are applicable to persons, who performed business activities, with accounting incomes up to BGN 250 000.

General Terms and Conditions of the Program for Microlending of First Investment Bank AD (applicable to the contracts for bank credit and the contracts for overdraft on current account)


e-mail:micro@fibank.bg


Virtual
Banking Branch

 e-fibank.bg