The revolving consumer loan is the first of its kind consumer loan, allowing you to utilize the already repaid amount of the loan again and again – up to 5 times, making it possible for you to finance up to 6 of your wishes.
BACB’s revolving consumer loan enables you to finance:
- Regular household bills;
- The purchasing of furniture, electronics, household equipment and appliances;
- Repairs of your home or car;
- Training and education for you or your children;
- Your trips and recreational travels;
- Medical treatments for you or your relatives;
- Your family events;
- A surprise for your loved one;
- Or just to make your dream come true!
- Every new debtor receives FREE registration for BACB Plus, the first virtual (online) bank in Bulgaria.
- For debtors, with insurable income of less than BGN 1 400 - up to BGN 30 000
- For debtors with insurable income of BGN 1 400 or more – up to BGN 40 000
Maximum period of the loan: up to 5 years (60 months)
Period of the loan agreement: 10 years (120 months)
Collateral: pledge on the salary
- in monthly annuity instalments, or
- in decreasing monthly instalments
After the original utilization of the loan, BACB allows subsequent multiple utilizations of the already repaid principal up to the original amount of the loan, subject to the following conditions:
- Total number of revolving utilizations – up to 5 times throughout the period of the Loan Agreement;
- Submission of a revolving utilization application – upon expiration of 12 months after each utilization (original or subsequent);
- Amount of the revolving utilization required – lower than or equal to the amount of the principal, repaid as of the date of application;
- New loan repayment period in case of revolving – equal to the original loan period.
Annual interest rate
For loan applicants with insurable income of BGN 1400 and more5.70% variable interest rate, based on the Base Interest Rate(BIR)* plus a fixed surcharge
For loan applicants with insurable income below BGN 14006.20% variable interest rate, based on the Base Interest Rate(BIR)* plus a fixed surcharge
*As of 01.01.2019 the applied rate of the BIR is 0,000
BACB offers a further 0.50% discount on the above interest rates, if you conclude a “Secured Instalment“ Insurance.
Fees and commissions:
- Single application and reviewing fee – BGN 70, payable in two stages: - upon submission of the loan application – BGN 20; - upon signing of the loan agreement – BGN 50;
- Early repayment fee – NO fee.
Annual Percentage Rate: 7,27%, calculated for BGN 10 000 loan with a 3-year repayment period, interest rate 6,00% for loan applicants with insurable income of BGN 1400 or more, application and reviewing fee – BGN 70 and monthly service fee for the current account, opened for the loan, including debit card issued to that account – BGN 2,50.
Monthly annuity instalment: BGN 304.22.
Total amount to be repaid: BGN 11 113.90