For loans
Lending for private clients
| Loan "Investment" (BGN/EUR) | 3-month EURIBOR + 2.70 p.p., min. 4.95%* |
| Housing loan “New Home” – Floating interest rate (BGN/EUR) | 3-month EURIBOR + 0.95 p.p., total not less than 2.45%* |
| Housing loan “New Home” – Interest rate determined for the first 5-years period (BGN/EUR) | 3-month EURIBOR + 1.90 p.p., total not less than 3.50% |
| Credit card (BGN/EUR) | 18.00% |
| Credit card secured with deposit (BGN/EUR) | 14.00% |
| FlexFund Overdraft (BGN/EUR) | 7.75% |
| Loan EcoMobility (BGN/EUR) | 3-month EURIBOR + 0.75 p.p., min. 3.25% |
| Loan for photovoltaic installation (BGN/EUR) | 3-month EURIBOR + 0.75 p.p., min. 3.25% |
| Loan for charging station (BGN/EUR) | 3-month EURIBOR + 0.75 p.p., min. 3.25% |
Since 01/06/2023, when determining the interest rate under each loan agreement, ProCredit Bank (Bulgaria) EAD takes as a reference value of EURIBOR: 1.50% for Housing loans and 2.25% for all others loans.
Interest rates are only available to clients with salary transfer in the Bank and unlimited liability, i.e. with all property.
For clients are responsible up to the amount of the registered collateral established, the indicated annual interest rates are increased by 1.5 percentage points.
* Promotional interest rates are valid until 31.12.2023
Loan "Investment"
Example
For Loan "Investment" on amount of BGN 30,000, loan period 5 years, annual interest rate 3-month EURIBOR + 2.70 p.p., min. 4.95%, no application processing fee, no creditworthiness assessment fee: equal monthly installment BGN 566.49, total amount due (principal, interest and fees) BGN 34 588.82. Annual percentage rate of charge (APRC) - 7.58%*.
* The Annual percentage rate of charge includes: monthly installment
Housing loan “New Home”
Example 1
For Housing loan „New Home" in the amount of EUR 100 000 with salary transfer and a loan period of 20 years, floating annual interest rate of 3-month EURIBOR + 0.95 p.p., min. 2.45%, no application processing fee, no collateral valuation fee, no fee for preparing of documents for mortgage registration, creditworthiness assessment fee EUR 150: equal monthly installments EUR 529.23 for the first 6 months, total amount due (principal, interest and fees) EUR 130 599.53. Annual percentage rate of charge (APRC) - 3.00%*.
Example 2
For Housing loan „New Home" the amount of EUR 100 000 with salary transfer and a loan period of 20 years, fixed annual interest rate for the first 5 years 3-month EURIBOR + 1.90 p.p., min. 3,50%, no application processing fee, no collateral valuation fee, no fee for preparing of documents for mortgage registration, creditworthiness assessment fee EUR 150: equal monthly installments EUR 717.48 for the first 5 years, total amount due (principal, interest and fees) EUR 130 198.46. Annual percentage rate of charge (APRC) - 3.73%*.
* The Annual percentage rate of charge includes: Credit assessment fee, the annual property insurance, the monthly maintenance fee.
Credit card
Example 1
For Credit cardon amount of BGN 3 000, loan period 6 years, annual interest rate 18%: total amount due (principal, interest and fees) BGN 6 288.00 on the assumption of the credit limit is disbursed for period of 72 months, the limit is fully utilised for the whole loan period, and the principle will be repaid one-time on the final repayment day. Annual percentage rate of charge (APRC) - 19.86%.
Example 2
For Credit card on amount of EUR 3 000, loan period 6 years, annual interest rate 14%: total amount due (principal, interest and fees) EUR 5 557.48 on the assumption of the credit limit is disbursed for period of 72 months, the limit is fully utilised for the whole loan period, and the principle will be repaid one-time on the final repayment day. Annual percentage rate of charge (APRC) - 15.16%.
FlexFund Overdraft
Example
For FlexFund overdraft on amount of BGN 3 000, loan period 1 year, annual interest rate 7.75%; total amount due (principal, interest and fees) BGN 3 356.39 on the assumption of the amount is utilized fully and for the whole period and the principal will be repaid one-time at the final repayment day. Annual percentage rate of charge (APRC) - 12.52%*.
*The Annual percentage rate of charge includes: Monthly maintenance fee.
Loan "EcoMobility"
Example
For loan "EcoMobility" on amount of EUR 30 000, EUR 5 000 down payment, loan period 5 years, annual interest rate 3-month EURIBOR + 0.75 p.p., min. 3.25%, credit assessment fee EUR 50: equal monthly installment EUR 543.10, total amount due (principal, interest and fees) EUR 32 936.52. Annual percentage rate of charge (APRC) – 3.80%*.
* The Annual percentage rate of charge includes: credit assessment fee, monthly maintenance fee.
Loan for photovoltaic installation
Example
For loan for photovoltaic installation on amount of BGN 50 000, loan period 5 years, annual interest rate 3-month EURIBOR + 0.75 p.p., min. 3.25%, Application processing fee BGN 100, credit assessment fee BGN 100: equal monthly installment BGN 905.10, total amount due (principal, interest and fees) BGN 55 105.86. Annual percentage rate of charge (APRC) – 3.97%*.
* The Annual percentage rate of charge includes: application processing fee, credit assessment fee, monthly maintenance fee.
Loan for charging station
Example
For loan for charging station on amount of BGN 5 000, loan period 2 years, annual interest rate 3-month EURIBOR + 0.75 p.p., min. 3.25%, application processing fee BGN 100, credit assessment fee BGN 100: equal monthly installment BGN 215.58, total amount due (principal, interest and fees) BGN 5 513.82. Annual percentage rate of charge (APRC) – 10.19%*.
* The Annual percentage rate of charge includes: application processing fee, credit assessment fee, monthly maintenance fee.
For Deposits and Accounts
Annual interest rate for FlexSave account for clients using a current account, debit card and Internet banking
| Currency | Interest rate |
| BGN/ EUR | 0.45% |
Annual interest rates for Standard Term Deposits for clients using a current account, debit card and Internet banking
| Currency | Min. balance | 6 months | 12 months | 24 months | 36 months |
| BGN/ EUR/ USD | BGN 10 000/EUR, USD 5 000 | 1.00% | 1.25% | 1.50% | 1.75% |
Interest rate for current clients not using a current account, debit card and Internet banking: Interest rate - 0%.
Interest rate in case of premature withdrawal: Interest rate - 0%.
Current account (for all currencies), Payment account for basic operations (in BGN) - Interest rate: 0%.
All interest rates are accrued on basis 365/360 days.
Interest rates for private individuals with balance more than EUR 100 000 on their accounts (current accounts/deposits/FlexSave) are negotiated individually.
Savings up to BGN 196,000 are guaranteed by the Bulgarian Deposit Insurance Fund (BDIF)
Interest Rate Methodology
The annual interest rate for loans with a floating interest rate is calculated as follows:
| 3-month EURIBOR + margin= interest rate on the loan; Min. interest rate = interest rate on the loan but not less than the individual Minimum Interest Rate specified in the loan agreement |
Reference interest rate
Effective from 1 June 2023, when determining the interest rate on each loan agreement for all floating-rate loans, the Bank shall assume as reference a EURIBOR of: 1.50% for Mortgage Loans and 2.25% for all other loans.
When determining the annual interest rate, the reference rate is taken into account as follows:
- Upon signing the agreement – the value formed three business days prior to the date of signing the agreement/releasing the tranche;
- For each subsequent interest period under the loan agreement – the value formed three business days prior to the date of the last instalment under the Repayment Plan for the previous period.
The values of the reference rates announced in the archive of the website are the values formed on the respective date.
| EURIBOR is the average interest rate at which euro area banks exchange euro-denominated term deposits. The index is determined on a weekly and monthly basis based on the maturity of deposits and its values are published daily by the European Banking Federation in Brussels, Belgium. |
Margin and Minimum Interest Rate
TThe margin and the minimum interest rate are fixed amounts specified in the loan contract.
| Example 1 | |
| Loan Currency | EUR |
| Loan Contract Date | 01.09.2023 |
| Reference Interest Date | 3-month EURIBOR, fixing as of 01.09.2023 - 3.803% |
| Margin | 0.95% |
| Minimum Interest Date | 2.45% |
| Annual Interest Rate Applicable to the First Period | Reference rate + Margin = Interest rate on the loan; Minimum interest rate = Interest rate on the loan, but no less than the individual Minimum Interest Rate specified in the loan agreement. Example: 3.803% + 0.95% = 4.753% Considering the fact that the Bank assumes EURIBOR for mortgage loans to be 1.50%, the agreed minimum interest rate of 2.45% shall apply for the relevant period. |