Deposit-secured Overdraft

Intended for customers using the Bank’s savings products, who can get revolving credit if they pledge a deposit or part thereof as collateral.

SUBMIT ENQUIRY

Terms

Amount

Up to 90% of the deposit

Currency

BGN or EUR

Loan term

Up to 3 years

Advantages

  • Transparent pricing – fixed interest rate composed of the deposit interest rate at the time of conclusion of the consumer credit contract plus a 3% surcharge.

  • Loan with no application fee.

  • Loan with no early repayment fee.

  • Sale of a simple product – no sales of packages of additional services involving additional monthly expenses.

  • Revolving credit option.

  • Clearly defined components of credit APR.

Requirements

  • The credit applicant must be a legally capable local individual aged 18 or over.

  • The credit applicant must have a history of regular payments on their existing loans.

How to apply

At a bank branch

Discuss the transaction with one of our consultants. Complete a credit application form and prepare the required documents.

Online enquiry

Complete the online enquiry form and one of our consultants will get back to you.

  • Identity document

  • Credit application in the Bank’s standard form.

  • Contract for deposit(s) pledged as collateral for the loan.

  • Declaration of relationship in the Bank’s standard form.