CONSUMER LOAN THIRD AGE

 

Parameters and terms

CONSUMER CREDIT „THIRD AGE

Currency

BGN

Credit amount

Minimum amount 500 BGN

Maximum amount  10 000 BGN

Guarantee

Pledge on future pension receivables to a current account in Municipal Bank along with a future account receivables pledge

Credit repayment period

Minimum period: 0.5 years (6 months)

Maximum period:

5 years (60 months) for credits under 7 000 BGN

7 years (84 months) for credits ranging between 7 001 BGN and 10 000 BGN

Annual interest rate

The BGN credit’s annual interest rate is based on the basic interest rate 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

7 000 BGN

8.99%

10.09%

5 years

145.27 BGN

60

1 824.08 BGN

8 824.08 BGN

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

     -          Annual interest rate8.99%

     -          Fee for consideration and analysis of the credit application– 20 BGN

     -          One-off fee for credit approval and preparation of documents for the credit transaction 1.25 %

Credit repayment

Equal monthly annuity instalments or equal instalments on the principal

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;

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)  

Copy of the Pension decision

No pension document is required if the customer has received at least one pension to their Municipal Bank account or if it is technically possible to check the pension income at the NSSI.

 

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