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

Maximum amount: 

• 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       

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

*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