Interest Bulletin

Consumer lending


Consumer loan
(BGN)
10.00%
Consumer Overdraft
(BGN)
12.00%
Credit card
(BGN/EUR)
19.00%
Credit card secured with deposit (BGN/EUR) 14.00%

 

 

Customer loan

 

Example

For Consumer loan on amount of BGN 7 000, loan period 5 years, annual interest rate 10.00%: equal monthly installment BGN 149.21, total amount due (principal, interest and fees) BGN 9 101.84. Annual percentage rate of charge (APRC) - 11.47%.

 

 

Consumer overdraft

 

Example

For Consumer overdraft on amount of BGN 2 000, loan period 1 year, annual interest rate 12.00%; total amount due (principal, interest and fees) BGN 2 292.02 on the assumption of the amount is utilized fully and for the whole period and the principal will be repaid one-time at the final repayment day. Annual percentage rate of charge (APRC) - 15.57%.

 

 

Credit card

 

Example 1

For Credit cardon amount of BGN 3 000, loan period 2 years, annual interest rate 19%: total amount due (principal, interest and fees) BGN 4 249.62 on the assumption of the credit limit is disbursed for period of 24 months, the limit is fully utilised for the whole loan period, and the principle will be repaid one-time on the final repayment day. Annual percentage rate of charge (APRC) - 23.03%.

 

Example 2

For Credit card on amount of EUR 3 000, loan period 2 years, annual interest rate 14%: total amount due (principal, interest and fees) EUR 3 899.72 on the assumption of the credit limit is disbursed for period of 24 months, the limit is fully utilised for the whole loan period, and the principle will be repaid one-time on the final repayment day. Annual percentage rate of charge (APRC) - 16.11%.

 

 

Housing loan "New Home"

 

Housing loan „New Home" is available in BGN and EUR and the interest rate does not depend on the currency of the loan. With the housing loan "New Home" loan in EUR or BGN, you can choose between a floating interest rate that will be adjusted in line with the benchmark in the beginning of each 6-month period, and an interest rate that will remain fixed in the first 10-year period.

 

All interest rates are per annum.

 

Floating interest rate

6-month EURIBOR + surplus 3.00 %,

total not less than  3.50% 

Interest rate
determined for the first
10-years period

6-month EURIBOR + surplus 3.50 %,

total not less than 4.00%

 

Fixed interest rates are only available to clients with salary transfer in the Bank and unlimited liability, i.e. with all property.

 

 

Example 1

For Housing loan „New Home" in the amount of BGN 60 000 with salary transfer and a loan period of 20 years, floating annual interest rate of min 3.50%, consisting of the 6-month EURIBOR, increased by a surplus of 3.00%: equal monthly installments BGN 349.52 for the first 6 months, total amount due (principal, interest and fees) BGN 86 358.17. Annual percentage rate of charge (APRC) - *** 3.98%.

 

Example 2

For Housing loan „New Home" the amount of EUR 30 000 with salary transfer and a loan period of 20 years, fixed annual interest rate for the first 10 years 4.00%, consisting of the 6-month EURIBOR, increased by a surplus of 3.50%: equal monthly installments EUR 182.70 for the first 10 years, total amount due (principal, interest and fees) EUR 45 102.80. Annual percentage rate of charge (APRC) - *** 4.50%.

 

*** The Annual percentage rate of charge includes: a collateral evaluation fee /apartment/, fees related to issuance of documents for registration/deletion of mortgage, application processing fee, annual property insurance fee, a monthly account maintenance fee and fee for opening of an account.

 

Energy Efficiency loan


with salary transfer 6.50%, fixed for the loan period
without salary transfer 8.50%, fixed for the loan period

 

 

Example 1

A loan of BGN 3 000, with salary transfer,loan term 2 years, Interest rate 6.50%: Monthly instalment BGN 133,76, total amount of debt (principal, interest and fees) BGN 3 287,97, annual costs rate - 9,45%.

 

 

Example 2

A loan of BGN 3 000, without salary transfer,loan term 2 years, interest rate 8.50%: Monthly instalment BGN 138,52, total amount of debt (principal, interest and fees) BGN 3 354,33, annual costs rate - 11,66%.

 

 

Annual interest rates for Savings Account
 

Currency Min. amoun Interest Rate
BGN  250 0.10% 
EUR 250 0.05% 

 



Annual interest rates for Standard Term Deposits 
 

Currency Min. amount 6 months  12 months 
BGN 2 500  0.10%  0.20% 
EUR 2 500 0.10%  0.20% 
USD 2 500 0.05% 0.10% 


Interest rate in case of premature withdrawal: Interest rate - 0%.
 


Current account (for all currencies)
- Interest rate - 0%.

 

All interest rates are accrued on basis 365/360 days.

 

Interest rates are negotiated individually for private individuals holding deposits totalling more than BGN 500,000 or equivalent in other currencies.