Fibank 
Green Vehicle Consumer Loan
- apply by phone to: 0800 11 011 or *2265
Interest rate conditions
Interest rate of 3.99%
Purpose
Buying an electric car
Loan amount
Up to 50 000 EUR
Term
Up to 10 years
With the "Green Transport for Households" consumer loan, you have the opportunity to:
- Purchase a new or used electric car using a fully electric engine and not having an internal combustion engine and receive additional financing, in the amount of up to 5 000 EUR to cover costs related to the purchase (including purchase and installation of a charging station, insurance and due notary and municipal fees/taxes).
- Repay the funds you invested for an acquired electric car within 6 months of its purchase.
You can take advantage of:
- Financing 100% of the price of the car;
- Immediate acquisition of the title of ownership of the car;
- Opportunity to choose your own insurance company;
Why choose an electric car?
- Zero harmful emissions and limiting environmental pollution;
- No annual local tax;
- Free parking in blue and green zones of the city;
Loan parameters:
| Maximum amount: | 50 000 EUR* |
|---|---|
| Minimum amount: | 10 000 EUR |
| Terms: | Up to 10 years |
| Purpose: |
or
|
| Interest conditions: | From 3.99% variable annual interest rate formed on the basis of SBIR + surcharge with accumulated additional discounts*** |
| Collateral: | No collateral is required |
| Repayment: | In equal monthly repayment installments |
| Application fee: |
|
| Early repayment fee: | Not due |
| APR (annual percentage rate of expenditure): | APR: 5.10%, calculated on a loan amount of EUR 25,000, a repayment period of 120 months, at a variable interest rate of 3.99% for the repayment period and including costs for an annual credit card fee of EUR 23.01/BGN 45, a package program with a monthly fee of EUR 3.50/BGN 6.85, an annual insurance premium for "Peace with FiHealth" insurance of 0.505% and provided that the client has applied online. The monthly installment under the specified parameters and a fully utilized credit of EUR 252.99/BGN 494.81. The total amount due is EUR 31,745.13/BGN 62,088.08. |
*For amounts over 40 000 EUR net monthly income is required min. 1 250 EUR
**If the electric car is used, it must have a date of first registration less than 3 years ago (relative to the date of loan application) and less than 60,000 km travelled.
***Variable annual interest rate, formed on the basis of SBIR + surcharge, with discounts included upon fulfillment of the following conditions: transfer of declared income to bank account with the Bank - 1.90%; use of a credit card from Fibank, active electronic banking and at least one registered utility payment in electronic banking - 0.50%; concluded insurance "Peace with FiHealth" - 0.20% and use of a banking package and electronic banking - 0.10%.
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, used as the basis for calculating the variable interest rate on the loan applicable to the Agreement. The interest rate surcharge is calculated according to the individual credit rating of each borrower. In individual cases, the specific financing conditions determined by the bank may differ from the values specified above.
To apply for a "Green Transport for Households" loan, you must:
- be a capable individual between the ages of 18 and 65 at the time of loan disbursement;
- have a proven and regular income;
- For amounts over 40 000 EUR net monthly income is required min. 1 250 EUR
Required documents:
- Loan application;
- Copy of the ID card;
- Copy of the offer-specification for the purchase and sale of an electric vehicle – must be provided when applying for a loan;
- Copy of the purchase and sale contract for an electric vehicle – must be provided after the approval for financing by the Bank and before concluding the loan agreement;
- Copy of the Registration Certificate and invoice for the sale of the car - required for financing in order to reimburse funds for an acquired electric car and must be provided when applying for a loan;
- Other documents at the Bank’s discretion.