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Standard consumer loan with salary transfer

Standard consumer loan with salary transfer

  • No need to justify the purpose of the loan;
  • No charges for disbursment, management and early repayment for customers with official maximum gross income;
  • Competitive interest rate levels;
  • Free issuance of international contactless Debit MasterCard PayPass and option to sign up for SMS notification and Asset electronic utility bills;
  • Free activation of the online banking service - Asset Online.

The standard consumer loan with salary transferin the Bank is provided for the purpose of financing of current needs, education and healthcare costs, purchase of household goods, furniture, purchase of an automobile, refinancing of an existing loan etc.

 

The loan is extended to:

  • Adults legally capable with permanent residency in theRepublic of Bulgaria, employed under indefinite full-time contracts;
  • Sole proprietors;
  • Individuals, receiving their income from economic activity under civil contracts;
  • Freelancers – notaries, doctors, lawyers, dentists, etc.;
  • Individuals, who are in a position to prove regular and stable income. 
  • Maximum amount:

      - For customers with official maximum gross income BGN 2 600: up to BGN 45 000 or the equivalent in EUR;

      - For customers with official gross income from 800 to BGN 2599: up to BGN 25 000 or the equivalent in EUR;

 

  • Minimum amount:

      - For customers with official maximum gross income BGN  2 600: BGN 5 000 or the equivalent in EUR;

      - For customers with official gross income from 800 до BGN 2599: BGN 1 000 or the equivalent in EUR;

  • Currency: BGN, EUR;
  • Repayment term: – up to 144 months;
  • Repayment modes:

      - equal annuity monthly instalments, including interest and principal;

      - equal monthly principal instalments and declining interest instalments.

  • Grace period: depending on the client’s preference and at the Bank’s discretion.
  • Collateral:

      - For customers with official maximum gross income BGN 2 600, for amounts up to BGN 30 000 – pledge over receivables;

      - For customers with official gross income from 800 to BGN 2 599,for amounts up to BGN 15 000 – pledge over receivables;

      - For customers with official maximum gross income  BGN 2 600, for amounts up to BGN 30 001 – 1 co-borrower individuals or legal entities and pledge over receivables;

      - For customers with official gross income from 800 to BGN 2 599, for amounts up to BGN 15 001 –1 co-borrower individuals or legal entities and/or pledge over receivables.

  • At the discretion of the Bank, a second co-borrower may also be required.
 BGN  Euro
   For customers with official maximum gross income BGN 2 600
 6 м. EURIBOR + 5.00%  6 м. EURIBOR + 5.00%
   For customers with official gross income from 1500 to BGN 2599
  6 м. EURIBOR + 6.80%   6 м. EURIBOR + 6.80%
    For customers with official gross income from 800 to BGN 1499
  6 м. EURIBOR + 7.80%  6 м. EURIBOR + 7.80%
Тhе rential interest rate is provided when one of the two package programs is concluded:

 

1. Package program "Asset Advantage+".

2. Package program "Asset Advantage".

 

If there is no open packageprogram, the interest rate increases by 1.00%

 

The annual interest rate under the loan is floating and formed based on a reference interest rate (6m. EURIBOR for loans in BGN and EUR) + the fixed margin indicated above.

 

Fees and commissions:

  • for customers with official maximum gross income BGN 2 600 for initial acceptance of the documents – free of charge;
  • for customers with official gross income from 800 to BGN 2 599 – for initial acceptance of the documents – BGN 36;
  • for credit analysis – 0.75% of the disbursed amount, minimum BGN 30;
  • monthly service charge current account – BGN 2.

 

 

The APR is 6.36% for a loan of BGN 15 000, floating interest rate 5.21%, based on RIR + 5.00 p. p., for a term 120 months. Monthly annuity installments amounting to160.64 BGN. Total due amount 20 109.59 BGN. The value of RIR as of 01.01.2019 is 0.21%.  

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