Loan overdraft "Third age"

Apply for a loan

Advantages

• Minimum creditworthiness analysis fee;
• No monthly principal repayments;
• Possibility for additional account balance in the amount of the monthly pension.

Parameters

Currency	Bulgarian Leva
Size	Up to one monthly pension of the borrower
Term	1 year (12 monhts)
Annual interest rate	from 9.50% - variable interest rate
Fees and commissions	for creditworthiness and collateral analysis - BGN 20.
Collateral	Pledge on future pension claims to an account in the Bank with an issued debit card "Retirement Age"
Age of the loan applicant	up to 75 years of age on the loan repayment date
Repayment	The repayment shall be made using all receipts to the service account, with a revolving option up to the agreed credit limit.
Required documents	Statement - Request for a bank consumer loan; Identity document of the loan applicant, joint debtor, third obligated parties; A copy of a pension decision, if the pension is not received on an account with the Bank; Statement of economic connectivity of the individual to other persons; Other documents at the Bank's discretion.

Documents

• Municipal Bank AD's Tariff for the interest rates, fees and commissions applicable to individuals
• Bulletin on the interest charged by Municipal Bank AD on transactions with individuals
• General Terms and Conditions for loans granted by „Municipal Bank“ AD to individuals
• Methodology of Municipal Bank AD for the formation of a variable interest rate on loans granted to individuals from 01.04.2023