A consumer loan is a loan type, deferred payment and any other similar type of payment facility over an extended period of time where the consumer pays for the value of the services by making periodic payments over the period of their provision.

The customer must be aged between 18 and 75 at the end of the consumer loan agreement, have a provable income in Bulgaria and a valid identity document.

By this process the terms and conditions of a current loan agreement are reviewed with a view to changing and updating them.

No guarantor of the loan is required at the time of application.

This is a national information register located and maintained by the Bulgarian National Bank, in which all loans utilized by companies and individuals in Bulgaria are recorded. Every bank, non-bank and financial institution in the country is required to provide the CCR with monthly information on all loans granted, overdue or repaid by its customers/payers. Everything related to the loans is recorded in the CCR - the amount of the active obligation, the payment status of the installments - if they are regularly repaid or not, when the obligation was repaid in full and whether there is a delay in payment.

The annual percentage rate charged on the loan shows the total costs on the loan to be paid by the consumer, present or future ones, as an annual percentage on the total amount of the loan granted.

If your salary is transfered to UniCredit Bulbank, you will benefit from a lower interest rate on the loan. It is not compulsory to have your salary transferred to the bank but if this is done, you will benefit from the most advantageous consumer loan conditions offered by UniCredit Bulbank.

There is no early repayment fee for consumer loans with a variable annual interest rate. For loans with a fixed annual interest rate, the customer pays an early repayment fee, which is 0.5% of the remaining debt on the loan, if less than one year remains until the repayment of the loan and 1% of the remaining debt on the loan, if more than one year remains until the repayment of the loan.