Terms
Amount
Up to 90% of the deposit
Currency
BGN or EUR
Loan term
Up to 3 years
Advantages
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Transparent pricing – fixed interest rate composed of the deposit interest rate at the time of conclusion of the consumer loan contract plus a 2.5 p.p. surcharge.
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Sale of a simple product – no sales of packages of additional services involving additional monthly expenses.
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Option of having a grace period on the principal.
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Choice of repayment plan – annuities or decreasing instalments.
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Clearly defined components of loan APR.
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Loan with no application fee.
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Loan with no early repayment fee.
Requirements
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The loan applicant must be a legally capable local individual aged 18 or over.
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The loan applicant must have a history of regular payments on their existing loans.
How to apply
Discuss the transaction with one of our consultants. Complete a loan application form and prepare the required documents.
Complete the online enquiry form and one of our consultants will get back to you.
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Copy of the loan applicant’s ID card.
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Loan application in the Bank’s standard form.
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Contract for deposit(s) pledged as collateral for the loan.
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Declaration regarding related persons – in the Bank’s standard form, if applicable.