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 EUR. With the housing loan "New Home" loan in EUR, 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 2.50 %,

total not less than  3.00% 

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 EUR 50 000 with salary transfer and a loan period of 12 years, floating annual interest rate of min 3.00%, consisting of the 6-month EURIBOR, increased by a surplus of 2.50%: equal monthly installments EUR 414.95 for the first 6 months, total amount due (principal, interest and fees) EUR 60 796.88. Annual percentage rate of charge (APRC) - *** 3.42%.

 

Example 2

For Housing loan „New Home" the amount of EUR 50 000 with salary transfer and a loan period of 12 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 439.23 for the first 10 years, total amount due (principal, interest and fees) EUR 64 296.32. Annual percentage rate of charge (APRC) - *** 4.47%.

 

*** 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), Payment account for basic operations (in BGN)
- 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.