Consumer loan with a fixed interest rate for the first year

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02/93 00 181
phone number for 24/7 contact with the bank's cardholders
Exchange Rates
25.6.2024
Buy Sell BNB
Fixed Rate
EUR 1.94620 1.96000 1.95583
USD 1.78308 1.86008 1.82277
CHF 2.00236 2.08236 2.04030
GBP 2.27195 2.35195 2.30831
All exchange rates

Advantages

  • Fixed monthly loan payment for the first year in a rising interest rate market;
  • Free„Life insurance“;
  • Bonus to an approved consumer credit - credit card or credit overdraft with a pre-approved limit in the amount of two net monthly wages and no fee for credit analysis and collateral.

Parameters

Currency BGN и EUR
Size up to BGN 50 000 лева / EUR equivalent
Term up to 10 years (120 months)
Annual interest rate
  • fixed interest rate for the initial period of one year at the rate of 5.90%;
  • variable interest rate for the remaining period - min 5.90%. - Methodology of Municipal Bank AD for the formation of a variable interest rate on loans granted to individuals
Fees and commissions
  • for creditworthiness and collateral analysis- from BGN 20 to BGN 320 depending on the loan size;
  • for renegotiation of terms - 1% of the outstanding principal;
  • for an early repayment during the first 12 months of the loan term;
  • 1% on the early repaid amount when the remaining period of the credit agreement is greater than 1 year;
  • 0.5% on the early repaid amount, when the remaining period of the loan agreement is less than one year.
Collateral 1. Pledge on future receivables from income payments on an account with the Bank;        
2. Pledge on receivables from cash held in an account with the Bank;       
3. Suretyship by individuals at the Bank’s discretion.
Age of the loan applicant Min. 20 years as of the date of the loan decision.
Max. 65 years of age on the loan repayment date.
Repayment Repayment schedule with equal (annuity) or decreasing monthly payments
Required documents

Representative example

Loan size Interest rate APR Term Monthly installment Number of installments Total loan costs Total amount due
BGN 15 000 5.90% 6.49% 10 years BGN 165.78 120 BGN 5 163.34 BGN 20 163.34

Fees, commissions and other costs included in the total loan costs:

  • annual interest rate – 5.90%
  • one-time creditworthiness and collateral analysis commission – BGN 270.

The example was prepared for a loan repayable in annuity installments