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Consumer loan "Frozen money"

When you have a deposit but need funds!

Consumer Loan "Frozen money" gives you the advantage to finance your current necessities:

  • Without breaking your deposit
  • Without any additional documents required

At the most preferential terms:

  • Unlimited financing, depending only on the deposited funds
  • Approval within the same day
  • Unlimited term for repayment
  • Flexible repayment, as per requirements from the client

Parameters of the product:

Maximum loan amount
 No limit
Currency
 ALL, EUR, USD
Maximum tenure
 No limit
Collateral
Pledge on deposit in the Bank with the following definitions:
  • 105% cover of the requested loan when the deposit and the loan are in the same currency
  • 112% cover of the requested loan when the deposit and the loan are in different currencies
  • For bullet loans: if the amount to be blocked, based on the definitions above, is lower than the total amount due on the maturity date (principal and interest together), the cover should be 100% of the amount due on the maturity date (principal and interest)
If the interest of the deposit is paid upon maturity, it can be taken into consideration for the calculations of the cover for the loan.
Annual Interest rate - floating: EURIBOR, LIBOR, TBILLS 12M + points
- If the deposit and the loan are in the same currency and for the same tenure, the interest rates are as it follows: 
  • EUR: Deposit interest rate + 1%
  • ALL: Deposit interest rate + 1%
  • USD: Deposit interest rate + 1%
- If the deposit and the loan are in the same currency but the loan is with a longer tenure, the interest rates are as it follows: 
  • EUR: EURIBOR + points, not less than 2.90%
  • ALL: TBILLS12M + points, not less than 3.90%
  • USD: LIBOR + points not less than 3.90%
Additional criteria: The cumulative interest rate in any of the scenarios under point 2 should always be compared to the cumulative rate of Deposit rate of the collateral + 1 % and the higher one has to be applied, respectively adjusting the extension.

- If the deposit and the loan are in different currencies (disregarding the tenure), the interest rates are as it follows:
  • EUR: EURIBOR + points, not less than 2.90%
  • ALL: TBILLS12M + points, not less than 3.90%
  • USD: LIBOR + points not less than 3.90%
Repayment
Equal monthly installments, overdraft regime, a lump sum or another flexible schedule
Loan Application and processing fee  Free
Management commission
 1.00% 

Early repayment Fee

 Free
Renegotiation commission

 Free

Precontractual Information

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You can apply for this product if:

  • You have funds deposited in an account in FIBANK

If you cover the points above and would like to apply for a consumer loan in FIBANK, it is necessary to:

  1. To fulfill an application form in one of the branches of FIBANK and to submit the required documents
  2. In case of approval of the application form - to sign the loan agreement and use the funds as per purpose declared to the Bank

Personal documents for applicant, co-applicant, guarantor:

  • Copy of the ID card or the passport
  • For self-employed individuals, applying for an exposure under the name of the business (self-employment): Fresh QKR extract issued within 1 month of the approval of the exposure

Terms and Conditions (Tariff) of First Investment Bank

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