CONSUMER LOAN

 

 

Parameters and terms

CONSUMER CREDIT

Currency

BGN and EUR

Credit amount

Minimum amount 500 BGN

Maximum amount 50 000 BGN 

Guarantee

1. Surety by adult natural persons of full capacity – Bulgarian citizens permanently residing in the country, according to the concluded credit contract
2. Pledge on financial receivables in BGN or in a foreign currency owned by the borrower or third parties to a deposit/account opened in the Bank according to the concluded pledge agreement
3. Pledge on the applicant’s future receivables from:
а) 
income from employment or non-employment relationships;
bpension income (excluding the invalidity allowances income);
crental income;
dother income,
4. 
Pledge on the future receivables on a current account of the credit applicant held in the Bank.

Credit repayment period

Minimum period: 0.5 years (6 months)

Maximum repayment periodup to 10 years (120 months)

Annual interest rate

 

The BGN and EUR credit’s annual interest rate is based on the 6-month EURIBOR plus a fixed surcharge.

Updated information about the credit’s annual interest rates could be found in the   Bulletin on the interest accrued by Municipal Bank AD on transactions with individuals

Annual percentage rate of charge

 

Credit amount

Interest rate

APR

Period

Monthly instalment

Number of instalments

Total costs for credit

Total amount due

15 000 BGN

upon a full transfer of the monthly remuneration

6.778%

7.40%

10 years

172.45 BGN

120

5 944.20

BGN

20 944.20

BGN

15 000 BGN

upon  a transfer of the minimum monthly repayment +100 BGN

7.778%

8.48%

10 years

180.24  BGN

120

6 878.17

BGN

21 878.17 

BGN

Taxes, commissions and other costs, which are included in the total costs for the credit:

      -          Annual interest rate:

·         6,778% (in case of full transfer of the monthly remuneration)

·         7.778% (in case of a transfer of the minimum monthly repayment +100 BGN)

     

     -          One-off fee for analysis of the creditworthiness and collateral

Credit repayment

Equal monthly annuity payments, including the principal and the interest, repayment schedule with equal instalments on the principal and a decreasing interest.

Fees and commissions

 The credit applicant  pays fees and commission under the current TARIFF of Municipal Bank AD for interest rates, fees and commissions applicable to individuals

-  for analysis of the creditworthiness and collateral;

-  for renegotiating the conditions (not applicable for requests for changes in the monthly instalment date or account change).

Bonus

Life insurance at the expense of the bank

Necessary documents

Credit application (Bank form)

Identity document/s

Declaration on the economic affiliation of the natural person with other persons (Bank form)  

Bank form documents

Other documents depending on the income

 

Exchange Rates 9.8.2022

Buy 1.94620
Sell 1.96000
BNB Fixed Rate 1.95583
Buy 1.88030
Sell 1.95730
BNB Fixed Rate 1.91767
Buy 1.97880
Sell 2.04880
BNB Fixed Rate 2.00331
Buy 2.27770
Sell 2.35770
BNB Fixed Rate 2.32380

0700 1 58 85

02/93 00 181
24/7 telephone No. for our cardholders