Golden age consumer loan

Advantages

Easy application procedure
Еspecially for clients, entitled to a personal pension

Currency	BGN
Tenor	Up to 7 years
Amount	Up to BGN 10 000*
Interest rate	7.30% variable interest rate

Example

APR 10.46% for a loan of BGN 5,000, term 60 months and variable interest rate 7.30% (RIR** + 6.95% fixed margin) is calculated for the entire period, calculated with a monthly fee for service of a Privilege current account BGN 0.90 and a monthly premium for the required risk insurance "Life" BGN 5.60, assuming that the borrower chooses to take out the insurance in an insurance company, a partner of the bank. When calculating the APR, it is assumed that the loan is used immediately and in full, the interest and the specified costs are unchanged compared to their initial amount and will be applied until the specified term expires. The total amount due will be BGN 6372.91 with equal monthly installments of BGN 99.72 .** The interest rate is calculated upon UBB’s RIR of 0.35%. The RIR is changed according to the Methodology available on the UBB website.

Parameters

Interest Rate	7.30% variable interest rate (RIR 0.35% + margin of 6.95 percent)
Minimum Tenor	6 months
Maximum Tenor	7 years
Minimum Amount	BGN 500
Maximum Amount	up to BGN 10 000 *Opportunity for a loan up to BGN 15 000. For loans over BGN 10 000, a pension income of over BGN 600 is required, as the age of the borrower as of the date of loan repayment does not exceed 70 years.
Collateral	No collateral,
Borrower's Age	Up to 75 years as of the date of full repayment of the loan, in case of a loan up to BGN 5 000 Up to 70 years as of the date of full repayment of the loan, in case of a loan up to BGN 10 000 Up to 70 years as of the date of full repayment of the loan, in case of a loan over BGN 10 000
Requirement for Personal Pension Entitlement as per the Social Security Code	Concerning insurance record and age
Repayment	Equal monthly annuity installments
Life Insurance	Conclusion of a Life Insurance policy is mandatory for the loan tenor at the expense of the Borrower, as the insurer may be chosen by the client, under conditions, determined by the Bank.