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STANDARD REVOLVING CREDIT CARD MASTERCARD

 

 

 

No fee for opening and servicing of current account;

No fee for payment at POS terminals of traders in the country and abroad;

No fee for issuing, renewal and personalization of the main and an additional card;

Fixed monthly credit repayments;*

Option to use own funds in addition to the provided credit;

You owe interest only on the used credit limit, which you have not repaid within the 45 days grace period;**

No fee for registration for the 3D secure payment service;

No fee for registration for the SMS Notification on Availability and Payments service;

Option for issuance of up to two additional cards to your current account (An additional card cannot be issued to minors).

 

*Minimum repayments fixed sum you should provide for repayment of the used credit limit on the last day of the grace period** at the latest, in order to continue using the available credit limit.

 

**Grace periodPeriod covering the days of the current CPP (customer payments period) and 15 calendar days of the next CPP.

 

Standard revolving credit card MasterCard parameters:

For whom it is intended

Adult Bulgarian citizens, having proper capacity and permanently living in the country, referred to hereinafter as customers, borrowers or card holders.

Credit’s currency

BGN and EUR

Credit amount

Minimum limit: 500 BGN or 250 EUR

Maximum limit: 5 000 BGN or 2 500 EUR

Guarantee

* No guarantee;

* Deposit receivable pledge;

* Pledge on future receivables on the current account, to which the credit card has been issued;

Interest rates

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

Credit usage period

12 calendar months

Card validity

24 months

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;

monthly service fee for the main card.

Minimum monthly repayment

3% of the allowed credit limit

Monthly statement for the current account

Available until the 3rd business day following the relevant client payments period

 

Annual percentage of charges

Credit amount

Interest rate

APR

Period

Total amount due

5 000 BGN

17.20%

20.79%

1 year

5 944.38 BGN

Fees, commissions and other costs, which are included in the total costs of the credit:

-          Annual interest rate – 17,20%

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

-          Fee for credit approval and preparation of documents for the credit transaction:

·         BGN 30.00 -  for amounts up to BGN 1 000

·         BGN 40.00 -  for amounts up to BGN 2 000

·         BGN 50.00 -  for amounts over BGN 2 000

 

* APR represents the total cost of the credit, expressed as annual percentage of the granted and regularly serviced credit amount. In order to calculate APR all obligatory fees due by the customers in relation to the credit disbursement are included. Calculations are made with the assumption that following the conclusion of the agreement the maximum credit amount (the limit) is used completely and for the entire period of the agreement.

**The APR calculations exclude the monthly service fee for the main card.

If you wish to apply for a standard credit card MasterCard you should submit the following documents at any office of Municipal Bank AD of your choice:

Additional services:

For further information about the services offered, please visit any of the bank’s offices.

 

 

Exchange Rates 2.12.2021

Buy 1.94620
Sell 1.96000
BNB Fixed Rate 1.95583
Buy 1.68850
Sell 1.76550
BNB Fixed Rate 1.72868
Buy 1.84600
Sell 1.91600
BNB Fixed Rate 1.87574
Buy 2.25500
Sell 2.33500
BNB Fixed Rate 2.30098

0700 1 58 85

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