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Consumer loan with a guarantor

Consumer loan with a guarantor

The standard consumer loan with a guarantor/pledge of movable property 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.
  • No need to justify the purpose of the loan;
  • No charges for disbursment, management and early repayment;
  • Competitive interest rate levels;
  • Free issuance of international Maestro debit card, protected by chip and use of additional services – MasterCard SecureCode, SMS notification and option to sign up for Asset electronic utility bills;
  • Free activation of the online banking service - Asset Online.
  • Loan amount: up to BGN 40 000 or the equivalent in EUR;
  • Currency: BGN, EUR;
  • Repayment term – up to 120 months;
  • Repayment mode:
    - 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 amounts of up to BGN 15 000 – guarantee from at least 1 individual or legal entity and/or pledge of movable property, receivables, securities etc.;
    - for amounts from BGN 15 000 to BGN 40 000 – guarantee from at least 2 individuals or legal entities and/or pledge of movable items of property, receivables, securities etc.
RIR + 10.00% 6 м. EURIBOR + 10.00%

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


Fees and commissions:

  • For initial acceptance of the documents – BGN 36;
  • For credit analysis – 0.75% of the amount authorised, minimum BGN 50;
  • Monthly service charge for current account – BGN 2.50;
  • For preparation of an application for registration of pledge in the register under SPA or for preparation of documents for establishment of real pledge – BGN 60.


The APR is 10,98% for a loan of BGN 40 000, floating interest rate 10,15%, based on RIR + 10,00%, for a term 120 months. Monthly annuity installments amounting to 531,93 BGN. Total due amount: 64 467,73 BGN. The value of RIR as of 10.01.2020 is 0.15%.  

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