Revolving consumer loan

NO application fee and NO monthly fee for one year on the current account servicing the loan* 
(Valid for the period from 09/19/2019 to 12/31/2019) 

* In order to be able to take advantage of the proposal for an account without a monthly fee for a period of one year from the date of opening, you must:

  • to be a new customer of the bank or to be an existing customer without an active current account and / or only with a deposit account (s) at the time of opening the account;
  • open a current account with your Mastercard Standart Debit Card, which will be active for the entire campaign period.

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! 

And more:

  • Every new debtor receives FREE registration for BACB Plus, the first virtual (online) bank in Bulgaria.

Currency: BGN

Minimum amount: BGN 15 000

Maximum amount: BGN 50 000

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       

Repayment:

  • in monthly annuity instalments, or
  • in decreasing monthly instalments

Revolving:

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 more
4.5% variable interest rate, based on the Base Interest Rate(BIR)* plus a fixed surcharge
For loan applicants with insurable income below BGN 1400
5.4% variable interest rate, based on the Base Interest Rate(BIR)* plus a fixed surcharge

*As of 01.07.2019 the applied rate of the BIR is 0,000

These interest rates are valid for the transfer of salary to a bank account and use of a credit card

BACB offers a further 0.50% discount on the above interest rates, if you conclude a “Secured Instalment“ Insurance.

Fees and commissions:

  • NO aplication fee
  • Fee for approval – 1% of the loan amount (min 100 BGN)
  • Early repayment fee – NO fee.

 

Calculator

Loan amount in BGN
Term of the loan in months
Interest Rate 5.40%
Monthly installment х BGN
Total amount to be returned (excluding tax) BGN
Loan amount in BGN
Term of the loan in months
Interest Rate 4.50%
Monthly installment х BGN
Total amount to be returned (excluding tax) BGN
Loan amount in BGN
Term of the loan in months
Interest Rate 4.90%
Monthly installment х BGN
Total amount to be returned (excluding tax) BGN
Loan amount in BGN
Term of the loan in months
Interest Rate 4.00%
Monthly installment х BGN
Total amount to be returned (excluding tax) BGN

Documents