Product description
Loan product for individuals: 

• For purchasing new cars or motorcycles from auto dealers;
• For purchasing used cars from auto dealers;
• For purchasing new taxi cars from auto dealers. 
   

• For purchasing new cars – up to BGN 100 000 / EUR 50 000;
• For purchasing used cars – up to BGN 50 000;
• For purchasing taxi cars – up to BGN 100 000 
  
   

• For purchasing new cars– up to 5 years;
• For purchasing used cars – up to 4 years, as the sum of the car’s age and the loan period should not exceed 8 years;
• For taxi cars – up to 4 years;
• For purchasing motorcycles – up to 3 years
   

• For purchasing new cars: 15%
• For purchasing used cars: 20%
• For purchasing taxi cars: 10%
   

Collateral
Special pledge in favor of the Bank; Promissory note with waiver of protest;

• Full Car Insurance “Kasko” and Third Party Liability insurance – paid by the customer; 
• Life Insurance – paid by the Bank

Car appreciation
Valid is the retail price of the auto dealer or the value of the car on an insurance policy / document proving the used cars’ residual value

Documents required:

• Application-Declaration for Auto Loan granting;
• Borrower’s income statement;
• Car’s documents
   

• Survey fee – BGN 20
• For conditions’ renegotiation – BGN 10
• Administration fee:
• Upon loan extending – 2% single payment
• Prepayment of min. EUR 500 or BGN 1 000 – 5%