Consumer loan secured with pledge of financial asset

  • Simple procedure;
  • No income analysis;
  • No age restrictions;
  • For each new borrower - FREE registration at BACB Plus, the first virtual bank in Bulgaria.

Currency: BGN, EUR*

*If the loan’s currency is different than the currency of the pledged deposit, the loan is provided in BGN only.

Maximum Amount:

  • up to BGN 200 000 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
  • a one-time payment of the principal on maturity date of the loan and monthly payment of interest due

    or
  • decreasing monthly installments

Annual Interest Rate

for BGN loans
4.10% floating interest rate, based on Base Interest Rate(BIR)* plus fixed margin
for EUR loans
4.00% floating interest rate, based on 6 month EURIBOR** plus fixed margin

The interest rate is valid only if all deposits serving as a collateral are "standard" according the Interest Rate Bulletin of the bank. The fixed allowance is increased by 1%, even if only one of the deposits used as collateral is different from the "standard" according the Interest Rate Bulletin of the bank

*As of 01.01.2019 the applied rate of the BIR is 0,000
**As of 01.01.2019 the value of 6 month EURIBOR is 0,000.

Fees and Commissions:

  • One-time application fee and client research fee - BGN 70 payable in two stages: 
    - Upon submission of documents–BGN 20;
    - Upon signing the contract – BGN 50.
  • Prepayment fee - free of charge.

Annual percentage rate (APR):

  • 5.13%calculated for a loan secured by a  standard deposit of   BGN 10 000, repayment period of 3 years, 5,75%, interest rate, application fee BGN 70 and BGN 2 monthly fee for maintenance of the current account.
    Monthly installment: BGN 295.68
    Total amount to be returned: BGN 10 786.66
  • 6.18%, calculated for a loan secured by a  promotional deposit of   BGN 10 000, repayment period of 3 years, 5.10%, interest rate, application fee BGN 70 and BGN 2 monthly fee for maintenance of the current account.
    Monthly installment: BGN 300.16 
    Total amount to be returned: BGN 10 947.69

Calculator

Loan amount in BGN
Term of the loan in months
Interest Rate 4.10%
Monthly installment х BGN
Total amount to be returned (excluding tax) BGN
Loan amount in EUR
Term of the loan in months
Interest Rate 4.00%
Monthly installment х
Total amount to be returned (excluding tax)

Documents