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Universal Consumer Loan

Universal Consumer Loan is purposed for covering current needs – purchase of real estate, renovation, furnishing, education etc.

Loan currency: BGN and EUR

Loan amount: up to BGN 20, 000 or equivalent in EUR

Repayment term: maximum term up to 10 years

Repayment: in equal monthly annuity installments

Interest rate for loans in BGN and EUR:

  • 10.0% fixed interest rate  with payroll for loans with repayment term up to 5 years
  • 11.5%  fixed interest rate without payroll for loans with repayment term up to 5 years
  • 10,5%  fixed interest rate with payroll for loans with repayment term above 5 years
  • 13,5% fixed interest rate without payroll for loans with repayment term above 5 years

APR  12,60% for loan of  BGN  5,000,  repayment term  7 years  (84 months) with payroll, a fee for opening a main debit card BGN 1.50, a monthly fee for a current account – BGN 1.60,  insurance “Accident and disease” amounting to 0.4% of the outstanding loan, total due amount BGN 7 357,56, monthly installment – BGN 84,30.

Interest bonuses:

• For issuing a debit card the interest rate is reduced by 0.1%

• For issuing a credit card the interest rate is reduced by 0.2%

• By using the “Time is money” service and monthly payment of at least 2 services, the interest rate is reduced by 0.2%

• By using the Electronic Banking in active mode  the interest rate is reduced by 0.2%

The total interest bonus rate can not exceed 0.5%

Fees and commissions:

Fee for examination of documents – According to the current Terms and Conditions for individuals

Collateral:

• up to 10 000 BGN: pledge on receivables of salary  (whether the salary is transferred to the Bank)

• BGN 10 001-20 000 : 1 warrantor and pledge on receivables of salary  (whether the salary is transferred to the Bank)

Insurance:

The Bank requires an insurance of the borrower for at least the following risks: accident and disease. The insurance company should be approved by the bank.