- NO collateral;
- No need to visit a bank office – the whole application, approval and disbursement process is happening online;
- No application fee;
- Monitoring and active operations with the loan available on the Virtual bank.
Borrower Requirements.In order to apply you must:
- Possess a qualified electronic signature(QES);
- Be continuously employed over the last 6 months;
- Be an adult and legally capable person;
- Have proven solvency;
- Be a Bulgarian citizen permanently residing in Bulgaria ;
- Have No outstanding state and municipal debts;
- Have No delinquent loans at the date of loan application;
- The age of the borrower at maturity of the loan must not exceed 65 years.
Minimum amount: BGN 400
Maximum amount: - BGN 2 000
Maximum Term: up to 3 years (36 months)
Repayment: by annuity monthly installments.
Interest Rate (per annum)
*As of 01.07.2019 the applied rate of the BIR is 0,000
Fees and Commissions: NO
Annual percentage rate (APR): 16,17% calculated for a loan at the amount of BGN 2 000; repayment period 2 years; 13.50% interest rate; BGN 1.50 monthly fee for maintenance of the current account.
Monthly installment: BGN 95,55
Total amount to be returned: BGN 2 329,30