Technology is increasingly entering our lives and we are becoming more and more accustomed to it and to all the conveniences it brings along. In the conditions that continue for more than a year, the digital products have become an integral part of our daily lives. Consumers expect that all financial services can now be performed remotely, at their fingertips, so they are looking for a fully digital experience.

Instant Loan is only available online. This means: without visiting a bank office, instantly, whenever you need it (24/7). For this purpose, Bulgarian American Credit Bank has invested in the development of a special platform credit.bacb.bg. Thereon, the customers apply for, sign the necessary documents remotely and receive approval within a few minutes. 

The name “Instant Loan” was not selected without a purpose. No matter where the customers are and at what time of day, they can fill in their data on the Bank's website and with just a few easy steps they may apply for a loan and get the decision right away.  After approval, they only need to sign the contract remotely and will receive the funds immediately.

"With this innovative process, BACB adds benefits to its customers who now expect all banking services to be accessible remotely. A big advantage is getting a consumer loan without leaving your home or office, or while enjoying your holiday. For customers, this means convenience, security and speed. It saves a lot of time and waiting in queues. For nature, it means tons of spared paper and many saved trees. And this is part of the BACB's green banking strategy, which seeks to achieve a balance between the needs of the customers, the responsible attitude towards nature and the Bank’s own business goals,” said Ilian Georgiev, CEO of BACB.

Instant Loan is attractive to the conscious young consumers not only because of its good conditions and expedience, but also because the whole process is carried out online without using a single sheet of paper. This saves up to 200 pages of paper which is usually required for the standard loan documents.

The online Instant Loan allows the customers to finance their current needs, purchase of home furnishings, appliances, home or car repairs, training, excursions or vacations, family events and is a quick solution to any situation. The size of the loan is between BGN 150 and 10,000, and the possible repayment period is from 3 to 60 months (5 years).

Another benefit to the customers is the fact that the current account for servicing the loan is exclusive of any opening and maintenance fees. And to manage their funds, they will also receive free access to BACB's electronic and mobile banking.

More information about the Instant Loan, as well as the other services and products of Bulgarian American Credit Bank are available at www.bacb.bg