Advantages

Special insurance packages and grace period during maternity

Term

Up to 25 years for investment loans and up to 15 years for working capital loans

Our Offer




Smart Lady Business Program launched by Fibank is a special program aimed at women in business

 

Smart Lady Business Program offers:

    • Relaxed loan collateral requirements;
    • A grace period during maternity leave (up to 15 months);
    • Long repayment period - up to 25 years for investment loans and up to 15 years for working capital loans;
    • Included "Peace of Mind with FiHealth" insurance and VIP "Health" medical insurance package from FiHealth Insurance at the expense of the Bank, which provide prevention, protection and peace of mind for women entrepreneurs;
    • Business package for daily banking with a 30% lower monthly fee, reducing the costs of the banking products used by the company;
    • Business debit card - Mastercard Business Debit; Visa Business Debit; Visa Business Debit Platinum;
    • Visa, Mastercard, Mastercard Platinum First Lady credit card with no fee for the first year for the manager/owner of the company with a pre-set limit depending on the size of the loan;
    • Included Mastercard debit card for children and teenagers aged 7 to 18.
    • Children's savings account with preferential interest rate

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Parameters

 

Amount

No limit

Loan currency

EUR

Term

·         up to 300 months - for investment loans

·         up to 180 months - for working capital financing

Interest rate conditions

The annual interest rate on the loan is based on the internal bank credit rating – composite interest rate BIRa/BIRb/BIRc* + surcharge.

* The "base interest rate" (BIR) applicable to business customers is a reference interest rate based on the Bank's planned liability costs, market interest rates on the interbank market and the residual risks to which the Bank is exposed and which are beyond its control and management capabilities, calculated for each individual currency according to a methodology announced by the Bank. The base interest rate may be further adjusted by a corrective component (coefficient) reflecting the Bank's business risks and strategy with regard to certain business segments, products, customer groups, etc. BIRa, BIRb and BIRc represent the base interest rate adjusted by a coefficient for a specific market environment for business customers with an internal credit rating, respectively in the range 1-2 (for BIRa), 3-4 (for BIRb) and 5-6 (for BIRc). The Bank publicly discloses the base interest rates – BIRa, BIRb and BIRc – that it applies by announcing and publishing them on the Bank's website at www.fibank.bg.

Eligible collateral: (separately or in combination)

  • Mortgage on real estate;
  • Pledge on fixed assets;
  • Pledge on movable property;
  • Others;
  • Possibility of unsecured credit up to EUR 75,000 (owners and managers act as co-debtors).


Loans are provided with relaxed collateral requirements, with the possibility of inclusion in NGF guarantee schemes and other current programmes.

Method of disbursement:

  • One-off or in tranches;
  • In the form of an overdraft.

Method of repayment:

  • Equal monthly instalments (annuities);
  • Equal principal instalments;
  • Individual repayment schedule;

During the period of maternity leave and raising a child up to 2 years of age, the lady who is the manager and/or owner of the company is allowed:

  • A grace period for servicing the principal of the loan for no more than 15 months;
  • During this period, the loan management fee is reduced by 50%.

Fees and commissions:

Special for the Smart Lady business programme*

*When applying for a loan of up to EUR 500,000, the application fee is payable after the loan has been approved.


Additional products

Smart Lady Program

It combines not only lending opportunities for businesswomen, but also includes a number of other financial and non-financial solutions that offer women support, security and peace of mind.

 

Smart Lady Business program also offers:

Insurances:

  • "Peace of Mind with FiHealth" insurance for the owner/manager of the company with insurance coverage of up to EUR 75,000.
  • VIP "Health" medical insurance package including preventive care, outpatient and inpatient care.


"Peace of Mind with FiHealth" insurance and the "Health" VIP package are offered by "FiHealth Insurance" especially for customers of the Smart Lady business programme. The insurance premiums for the female manager or owner of the company are paid by the Bank.

Business packages:

Business package for daily banking with a 30% lower monthly fee, which reduces the costs of the banking products used by the company

Credit card:

Visa, Mastercard, Mastercard Platinum First Lady* credit card with no fee for the first year for the manager/owner of the company with a pre-set limit depending on the amount of the loan

*Mastercard Platinum First Lady cards include free medical insurance covering the risk of initial diagnosis of malignant neoplasm (cancer) of the breast with a limit of up to EUR 5,000;

Business debit card:

Mastercard Business Debit; Visa Business Debit; Visa Business Debit Platinum

Debit card for children and teenagers:

Included Mastercard, Visa debit card for children and/or teenagers aged 7 to 18.

Savings account:

Children's savings account with preferential interest rate

 

The selection of additional services is not a mandatory condition for using the credit.

Application and documents
Application procedure:

To grant a loan, the Bank's credit specialists develop an individual offer tailored to the specific needs, credit history and the principle of work in your company.

It will be our pleasure to help you find the optimal solution for your business needs.

To make a loan request, you can contact the Bank's credit specialists in one of the following ways:

  • phone: 02/817 1258; 02/800 22 73;
  • ask for our credit specialists at the Bank's branches and offices;
  • send an inquiry to micro@fibank.bg

 

Required documents for natural persons:

  • copies of the identity cards of the credit applicant/co-debtor/the person providing collateral;
  • collateral ownership documents;
  • annual tax return for the last fiscal year;
  • certificate of presence/absence of obligations from the revenue authority under Art. 87, paragraph 6 of the TSSPC;
  • declaration of affiliation with other persons according to sample form of Fibank (First Investment Bank);
  • a power of attorney NSSI;
  • a request for granting a micro loan to individuals.

 

Required documents for legal entities:

  • decision of the competent authority to withdraw and secure a loan;
  • balance sheet, statement of income and expenses and tax return for the last year;
  • collateral ownership documents;
  • copies of the identity cards of the representative of the company - credit applicant/co-debtor/the persons providing collateral;
  • certificate of presence/absence of obligations from the revenue authority under Art. 87, paragraph 6 of the TSSPC;
  • declaration of affiliation with other persons according to sample form of Fibank (First Investment Bank)
  • a power of attorney NSSI;
  • request for granting a micro loan to legal entities.