Working capital loan in installments for freelancers

Exchange rates

as of 30/03/2023 08:33:49

Cash payment

Non-cash payment

Selling rate

1.96100

1.96000

Buying rate

1.94800

1.94900

BNB fixing

1.95583

Cash payment

Non-cash payment

Selling rate

1.83900

1.83700

Buying rate

1.76400

1.76500

BNB fixing

1.80311

Cash payment

Non-cash payment

Selling rate

2.26000

2.25800

Buying rate

2.17100

2.17300

BNB fixing

2.22284

Cash payment

Non-cash payment

Selling rate

2.00400

2.00200

Buying rate

1.91400

1.91600

BNB fixing

1.96113

Advantage

Option for using a certain limit without collateral
Fast approval procedure
No need to present cost-proving documents upon drawdown
Option for debt management and improvement of your creditworthiness through an agreed repayment schedule
Long repayment period
Competitive pricing
Request an online consultation via the UBB Video Banker service

Parameters

Borrowers	Freelancers - medical specialists; attorneys at law; public notaries; private enforcement agents; architects, designers, engineers; chartered accountants; auditors, who are: 1. Natural persons; 2. Registered as sole proprietors / partnerships.
Loan Purpose	For day-to-day business needs For refinancing
Currency	BGN
Minimum amount	BGN 10 000
Maximum amount without tangible collateral	BGN 150 000
Maximum amount with mortgage	BGN 300 000
Tenor	Up to 36 months - without tangible collateral Up to 60 months - upon mortgage on a real estate, used as collateral
Collateral Types	Unsecured Guarantee under the COSME, COSME COVID/EGF* Programme Mortgage on a real estate
Repayment	In equal principal payments, on a monthly basis
Fees	As per the Bank's Tariff for Business Clients
Interest	Variable annual interest rate, formed of UBB’s Reference Interest Rate and a fixed margin

Required Documents

•Loan Application and a Declaration of Relatedness with other entities, as per a sample format of the Bank
•Declaration Statement under COSME
•Balance Sheet, Income Statement, current financial statements and a Tax Return of the Borrower for the last 2 years. Current financial statements.
•Balance Sheet, Income Statement, report on the average staff number for the last year of the related parties as per the SME Act
•Copies of the ID cards of the company’s representative - borrower/co-debtor/pledgors/mortgagors
•Decision of the competent body of the company – in the latter capacity as borrower, co-debtor and owner of the collateral, for conclusion of the Loan Agreement
•Collateral ownership documents
•Certificate for availability /lack of arrears, issued by the revenue authority as per Art 87, Para 6 of the Tax Insurance Procedure Code

Print list

Useful documents

Fees and commissions tariff of United Bulgarian Bank applicable to business clients RIR for loans to business clients - calculation and values General terms of UBB AD on payment services for business clients

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For companies with annual turnover up to 1 mln BGN

For companies with annual turnover above 1 mln BGN

For agri producters

For freelancers with annual turnover below 1 mln BGN

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