The loan has no early repayment fee

UniCredit Bulbank begins offering to its clients a new consumer loan – „Mini Credit”. The unique thing about the product is that for the first time in Bulgaria the related expenses are payable on a one-time basis in the beginning of the term. Advanced payment is an innovative approach, by means of which the Bank „insures” its clients against the risk from interest rate increase due to local or international markets fluctuations. Thus the repayment installments remain unchanged throughout the term of the loan – in practice the client repays the principal in equal installments over 12 months.

“Mini Credit” makes possible financing of various customer needs – summer vacation, the dream trip, small and fast repair at home, purchase of textbooks, etc.

“Mini Credit” is disbursed in three varieties – BGN 1,000, BGN 2,000 or BGN 3,000, all three possible amounts being disbursed for a period of one year. This loan is special for the fact that all service-related fees and interests are payable on a one-time basis upon disbursal of the loan. UniCredit Bulbank gives clients a choice to pay for the loan expenses with own funds or with the borrowed funds, thus keeping their available money. Later the borrower repays his/her loan in 12 equal fixed installments.

With “Mini Credit” there is no interest in the ordinary sense of the word and this eliminates the risk from increase in the interest rate levels which we have witnessed due to the changed international financial environment over the last years, experts of UniCredit Bulbank explained.