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Financial Leasing for Foreigners

Parameters of the product:

Maximum loan amount
 No limits
Currency
 ALL, EUR, USD
Maximum tenure
 180 months
Purpose  Investment in an immovable property
Lease object  Immovable property
% of lending  75% of the market valuation of the property
Annual Interest rate - floating:
EURIBOR, LIBOR, ALL TBILLS 12M +points

  • EUR: from EURIBOR12M + 7.90% 
  • ALL: from 12.50% (TBILLS plus points) 
  • USD: from LIBOR + 7.90%
Application fee
 100 EUR
Management fee
 2.50%

Early repayment Fee

 3.00% if financed with client's funds or 5.00% if financed by a financial institution
Penalty interest rate

 As pet tariff

Evaluation report
 Paid by the Borrower
"Property" insurance  Paid by the Borrower
**Ownership of the lease object  Belongs to the Bank until the end of the lease with option to be sold by the client to a third party at any time

You can apply for this product if:

  • You are a foreign citizen
  • You are employed of self employed

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

  • To fulfil an application form in one of the branches of FIBANK and to submit the required documents
  • A written request to the Bank for entering into negotiations with the seller for purchasing a certain and identified property chosen by the client and on behalf of him by attaching also the documents bellow specified - it will also be visited by an official independent evaluator and an official evaluation report will be prepared if the loan is approved 
  • In case of approval of the application form:
    • To sign a loan and a mortgage contract
    • To insurance the property in an insurance company appointed by the Bank

Personal documents of the borrower, co-borrower, guarantor:

  • Loan application form available in all offices of the bank
  • Document issued by the bank for application fee paid
  • Copy of the passport
  • Marriage / Divorce certificate - if applicable
  • Verification of address: last month's invoice
  • Bank statements for the last 6 months, showing the incomes
  • P60 for employed individuals or self-employment documents as below:
    • Tax return / Notice of assessment;
    • Bank statements from the account in which the employment/self-employment income of the applicant/co-applicant is received for the last 6 months.
  • Credit register report issued by EQUIFAX / EXPERIAN SCOREX / IRISH CREDIT BUREAU LIMITED. In case of other exposures - contracts with the other banks, institutions etc.
  • Credit register report issued by EQUIFAX / EXPERIAN SCOREX / IRISH CREDIT BUREAU LIMITED. In case of other exposures - contracts with the other banks, institutions etc.

Property documents

  • A written request to the Bank for entering into negotiations with the seller for purchasing a certain and identified property chosen by the client and on behalf of him by attaching also the documents bellow specified. In case that the property is registered in the computer system - Property Certificate + Property Cartel (issued not later than 72 hours before the signing of the Purchase contract);
  • In case the property is not registered in the computer system - Property Certificate (recycled not later than 72 hours before the signing of the Purchase contract) + the Updated scheme (layout) of the place of the property + notarized purchase contract (or the decision of the competent authority basing on the Law 7501) which certifies the origin of the property;
  • Before Disbursement: The certification of the down payment, specifying the amount, made by the Client in the Bank's account.

Documents of the seller of the property offered as collateral

In case the seller is an individual:

  • Copy of the seller's Passport (valid) + a copy of the family certificate. If the seller is married a copy of the spouse's I.D. (valid passport) card is required. In case the seller is a legal entity:
  • Extract issued from the Trade Register not later than 10 calendar days before the application date;
  • Clearance Certificate of the Company- Seller, issued by the Tax Office not later than least 10 calendar days before application date;
  • Copy of the Company's tax office registration (NIPT);
  • Company's Bylaws;
  • Decision of the Company's competent body for sale of the property by including also the authorization for signature.

A co-borrower is mandatory only when the age of the main applicant is 25 or below. It is mandatory the spouse to be a co-borrower.

Terms and Conditions (Tariff) of First Investment Bank

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