- SIMPLIFIED procedure
- NO solvency assessment
- No age restrictions
- Each new borrower gets a FREE registration at BACB Plus, the first virtual bank in Bulgaria
Annual interest rates on loans in BGN and EUR
2.70%
The annual interest rate is variable, based on base interest rate (BIR) for BGN or 6-month EURIBOR for EUR plus a fixed margin. As of 01.01.2023, the applied value of BIR is 0 / zero/ and the applied value of 6-month EURIBOR is 0.2780 .
The interest rate, as indicated, is only valid if all deposits serving as collateral are "standard" according to the current BACB Interest Rate Bulletin.
The fixed margin is increased by 1%, even if only one of the deposits used as collateral is other than "standard" according to the current BACB Interest Rate Bulletin
Calculator
BGN
Currency
BGN, EUR*
* If the loan currency differs from the pledged deposit currency, the loan is granted in BGN only
Maximum Amount
- 200 000 BGN or their equivalence in the respective currency
- And up to 90% of the deposit
Maximum Term:
Up to 3 years (36 months)
Collateral
Pledge of financial asset (deposit) at BACB.
Repayment
- Annuity monthly installments or
- One-time payment of the principal on maturity date of the loan and monthly payment of interest due or
- Decreasing monthly installments
Fees and Commissions
- NO application fee
- Solvency assessment and approval fee - 50 BGN
- NO Early Repayment Charge
