CONSUMER LOAN

 

Parameters and terms

CONSUMER CREDIT

Currency

BGN and EUR

Credit amount

Minimum amount 500 BGN

Maximum amount 40 000 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;
b) pension income (excluding the invalidity allowances income);
c) rental income;
d) other 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 period: up to 10 years (120 months)

Annual interest rate

The BGN credit’s annual interest rate is based on the basic interest rate plus a fixed surcharge.

The 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  TARIFF of Municipal Bank AD on the interest rates, fees and commissions for natural persons /Bulletin on the interest rates charged by Municipal Bank AD on transactions  with natural persons

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

6.90%

7.66%

10 years

173.39 BGN

120

6 136.98 BGN

21 136.98 BGN

15 000 BGN

* upon  a transfer of the minimum monthly repayment +100 BGN

7.90%

8.74%

10 years

181.20 BGN

120

7 073.97 BGN

22 073.97 BGN

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

      -          Annual interest rate:

  •      6.90% (in case of full transfer of the monthly remuneration)
  •      7.90% (in case of a transfer of the minimum monthly repayment +100 BGN)

      -          Fee for consideration and analysis of the credit application– 30 BGN

     -          One-off fee for credit approval and preparation of documents for the credit transaction 2 %

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 on the interest rates, fees and commissions for natural persons

-  for consideration and analysis of the credit application;

-  for credit approval and preparation of documents for the credit transaction;

-  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 18.10.2021

Buy 1.94620
Sell 1.96000
BNB Fixed Rate 1.95583
Buy 1.65080
Sell 1.72780
BNB Fixed Rate 1.68577
Buy 1.79630
Sell 1.86630
BNB Fixed Rate 1.82294
Buy 2.27840
Sell 2.35840
BNB Fixed Rate 2.31821

0700 1 58 85

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