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Consolidation Consumer Loan

If you have several loans, credit cards or lease instalments and/or have purchased goods on instalment credit, and want to repay them easily and conveniently while reducing your costs, the Consolidation Consumer Loan is the solution for you.
If you have several loans, credit cards or lease payments and/or have bought goods on instalment and want to repay them more easily and conveniently while reducing your costs, the “Consolidation” consumer loan is for you.
CurrencyEUR
Maximum Term120months
Maximum Amount20 000EUR
Interest Rate from5%

Parameters:

  • Term of up to 120 months
  • A loan to consolidate your debts, with the option to receive an additional amount for your current needs (up to 50% of the loan amount)
  • Transparent and competitive interest rates throughout the agreement, based on the Applicable Index for Individuals – Euro (PIFL-EURO) plus a margin
  • Without a guarantor – up to 10 000 EUR; with a guarantor – up to 20 000 EUR
  • Collateral: salary transfer, transfer of 150% of the monthly loan repayment instalment, or a guarantor
  • Lower interest rates if you use a Moderato, Allegro or Online package and activate a MasterCard credit card

Benefits

  • Consolidate your loans from other banks or financial institutions into one
  • Reduce your costs and pay just one smaller monthly instalment
  • Save time and effort – simply and conveniently
  • Benefit from more competitive interest terms and lower monthly instalments
  • Choose to receive an additional amount for your current needs

Example of a consumer loan consolidating existing debts:


Type of debtOutstanding balanceMonthly instalment
Debts

Retail instalment loan

Credit card

Consumer loan

Total*

1329,36 EUR/2 600,00 BGN

1763,96 EUR/3 450,00 BGN

6135,50 EUR/12 000,00 BGN

9228,82 EUR/18 050,00 BGN

120,61 EUR/235,90 BGN

52,92 EUR/103,50 BGN

139,60 EUR/273,04 BGN

313,13 EUR/612,44 BGN

New

With a consumer loan

Consolidation**

9228,82 EUR/18 050,00 BGN116,83 EUR/228,51 BGN
Difference in monthly instalment

 -196,30 EUR/-383,93 BGN

*The figures in the example are calculated on the following assumptions:
A consumer loan of 6135,50 EUR/12 000 BGN over 60 months, with 46 months remaining and an interest rate of 13,00%. The minimum monthly credit-card payment is 3% of the outstanding balance. A retail instalment loan of 1329,36 EUR/ 2 600 BGN over 12 months, with 7 months remaining and an interest rate of 16%.


**APR is 6,26% with a 5% variable interest rate throughout the term, a loan amount of 9228,82 EUR/18 050 BGN over 96 months, an assessment and approval fee of 0%, salary transfer, an annual MasterCard credit-card fee of 21,47 EUR/42 BGN and a monthly Allegro package fee of 3,04 EUR/5,95 BGN. The total amount payable is 11 680,11 EUR/22 844,31 BGN, with a monthly instalment of 116,83 EUR/228,51 BGN.

Fees and commissions

Partial or full early repayment of the loanNo fee
Loan assessment and approval fee0%
Monthly Allegro package fee5,95 BGN/3,04 EUR
Annual MasterCard credit card fee42 BGN/21,47 EUR
Disbursement feeNo fee

How to apply for a loan:

  1. Complete a short form

    One of our advisers will call you and complete an application on your behalf, and we will let you know our decision later

    Apply for a loan online
  2. Call us

    Contact one of our advisers, who will tell you about our banking products.

    0700 40 400
  3. Visit one of our branches

    Prefer to speak to someone? Complete an application with a member of our staff at the bank

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