• purchase of property

• current needs

• refinancing loan obligations
• repair and finishing works

No limitation

up to 90% of the market value of the property

Mortgage on the following properties on the territory of the Republic of Bulgaria:

• purchases or other property located in a residential or administrative building; administrative and commercial areas;
• regulated land plot;
• agricultural land up to 6 (sixth) category

of 3.01%, variable annual interest rate formed on the basis of SBIR* + allowance.

*SBIR - savings-based interest rate is a reference interest rate calculated for each individual type of currency according to the methodology announced by the Bank.

According to the current Tariff of fees and commissions of FIB AD.

The fee is due no later than the first repayment installment on the loan.

The property appraisal serving as collateral is carried out at the borrower's expense by an independent property appraiser external to the Bank, entered in the register of independent appraisers maintained by the Chamber of Independent Appraisers, and confirmed by an internal appraiser of the Bank. (see Tariff - Licensed Asset Appraisals).

The specified minimum interest rates are applicable to borrowers who meet the Bank's requirements, for the entire period of validity of the loan agreement, do not have a delay in paying any amount due on the loan for a period longer than 30 days and simultaneously use all additional interest discounts as follows:

• 1.00% when transferring the declared income to a current account in the bank;
• 0.25% when using a Visa/MasterCard credit card issued by the bank, active electronic banking and at least one utility payment registered in electronic banking;
• 0.20% when using "Peace of mind with FiHealth" insurance;
• 0.10% when using a bank package and electronic banking 

The annual interest rate is determined depending on the individual credit rating of each borrower.

The interest owed by the borrower is paid periodically in the amount and at the maturity dates detailed in the repayment schedule, which is an integral part of the loan agreement.Changes to the repayment schedule and repayment installment may occur:

• in the event of a change in the interest rate applicable under the agreement as a result of a change in what was declared by the borrower or in the event of discontinuing the use of any of the products and services as a condition taken into account when forming the initially agreed interest rate;
• in the event of a change in the SBIR in an amount where the amount of the monthly interest payable exceeds the agreed amount of the repayment installment according to the effective repayment schedule;
• in case of partial early repayment of the loan.

Example:

- if the loan amount is BGN 150,000;

- repayment term 360 months;

- annual interest rate: 3.01% variable annual interest rate, formed on the basis of SBIR + allowance.

According to the specified parameters of the loan and assuming that the loan is fully utilized, the loan applicant receives the declared income on an account with the Bank, uses "My Choice Online" package program, has a credit card, active electronic banking and at least one utility payment registered in electronic banking and has signed for "Peace of Mind with Fihealth" insurance ", the loan applicant shall pay each month on the date of the month specified by them (installment due date):

• 360 equal monthly installments each with an approximate amount of BGN 636.84
• The total amount owed by the borrower is BGN 246 673.79
• APR on the loan is 3.77%.

Additional costs payable under the loan agreement, which are not known to the Bank and which are not included in the total costs of the loan:

• the relevant notary fees due for establishing a mortgage in favor of the Bank;
• the relevant notary and state fees due for renewal and cancellation of the collateral established in favor of the Bank;
• cost of property appraisal;
• costs for insurance of the property subject to collateral for the duration of the loan agreement.

In the event that the borrower wishes to exercise their right to early repayment of part or all of their obligations under the loan agreement, they shall submit an express written application to the Bank, containing the amount of the early repayment amount and the date on which they wish to repay the same amount.

A commission for early repayment in the amount of 1% of the early repayment amounts on the loan is due when the loan is repaid before the payment of 12 monthly repayment installments from its utilization. In the case of repayment after this period, the commission for early repayment is not due.

In case of early partial repayment, one of the following options is allowed at the borrower's choice:

• reducing the amount of the repayment installment and maintaining the deadline for repaying the loan;
• reducing the deadline for repaying the loan and keeping the amount of repayment installment on the loan;
• a combination of the two options mentioned above.

Payments that are due but not made on time due to a lack of funds on the borrower's current account with the Bank shall be considered overdue, and for the time of delay the borrower shall pay a compensation for delay (penalty surcharge) on the amount of the overdue amount. The compensation for delay is in the amount of the statutory interest.

The borrower has a period of 14 (fourteen) days from the receipt of a draft loan agreement to decide on its conclusion.

You can plan and achieve your plans with maximum flexibility and repay your obligations according to your financial abilities. You have the option to use the already paid amounts again.

The overdraft period is minimum 1 year, and maximum 5 years from the date of conclusion of the loan agreement, after which the loan is repaid in equal monthly repayments, according to the repayment schedule.