Revolving consumer loan

NO application fee (Valid for the period from 01/01/2020 to 03/31/2020 incl.) 

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 60 000

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
3.95% variable interest rate, based on the Base Interest Rate(BIR)* plus a fixed surcharge
For loan applicants with insurable income below BGN 1400
5.05% variable interest rate, based on the Base Interest Rate(BIR)* plus a fixed surcharge

*As of 01.01.2020 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 – 1.25% of the loan amount (min 125 BGN)
  • Early repayment fee – NO fee.

 

Calculator

Loan amount in BGN
Term of the loan in months
Interest Rate 5.05%
Monthly installment х BGN
Total amount to be returned (excluding tax) BGN
Loan amount in BGN
Term of the loan in months
Interest Rate 3.95%
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