Revolving consumer loan

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

For loan applicants with insurable income of BGN 1400 and more
5.70% variable interest rate, based on the Base Interest Rate(BIR)* plus a fixed surcharge
For loan applicants with insurable income below BGN 1400
6.20% variable interest rate, based on the Base Interest Rate(BIR)* plus a fixed surcharge

*As of 01.07.2018 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

Calculator

Loan amount in BGN
Term of the loan in months
Interest Rate 6.20%
Monthly installment х BGN
Total amount to be returned (excluding tax) BGN
Loan amount in BGN
Term of the loan in months
Interest Rate 5.70%
Monthly installment х BGN
Total amount to be returned (excluding tax) BGN
Loan amount in BGN
Term of the loan in months
Interest Rate 6.00%
Monthly installment х BGN
Total amount to be returned (excluding tax) BGN
Loan amount in BGN
Term of the loan in months
Interest Rate 5.50%
Monthly installment х BGN
Total amount to be returned (excluding tax) BGN

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