Interest Rates

Interest rates (per annum)
For a loan in the currency of the deposit, the fixed annual interest rate is formed as follows:

  • for a deposit with a term of up to 12 months inclusive – the interest applicable for a 12-month deposit plus a margin of minimum 3 points;
  • for a deposit with a term of more than 12 months inclusive – the interest applicable for the deposit plus a margin of minimum 2 points;

For a loan in a currency other than the currency of the deposit - a variable annual interest rate formed as the sum of the bank interest rate (BIR) of CIBANK for loans in national currency plus a margin of minimum 3 points. 
 

Example of a loan in the currency of the deposit repaid in equal monthly annuity installments:

Deposit Amount (Loan Collateral) Deposit Term Loan Amount  Loan Term
(in months)		 Interest Rate Monthly Repayment Installment Total Amount Due at Maturity APR*
BGN 30 000 12 BGN 27 000           36 8.75% BGN 855.45 BGN 31 019.42 9.70%
BGN 30 000 36 BGN 27 000      36 8.50% BGN 852.32 BGN 30 906.32 9.42%
EUR 30 000 12 EUR 27 000 36 7.00% EUR 833.68 EUR 30 228.08 7.79%
EUR 30 000 36 EUR 27 000 36 6.25% EUR 824.45 EUR 29 894.89 6.98%

*In calculating the APR, it is assumed that the loan is immediately and fully disbursed and the interest (formed on the basis of the interest rate for the deposit product "Eurodeposit" in force as of  02.08.2010 for the respective term and currency plus margin) and other costs have not changed and their original amount shall apply until expiration of the specified term.        
 

Example of a loan in currency other than the currency of the deposit repaid in equal monthly annuity installments:

Deposit Amount (Loan Collateral) Deposit Term Loan Amount Loan Term
(in months)		 Interest Rate
 		 Monthly Repayment Installment Total Amount Due at Maturity APR*
EUR 30 000 12 BGN 52 810 36 9.40% BGN 1 689.19 BGN 61 239.48 10.40%
USD 30 000 36 BGN 36 000 36 9.40% BGN 1 151.50 BGN 41 875.59 10.40%

*In calculating the APR, it is assumed that the loan is immediately and fully disbursed and the interest ( formed as the sum of the bank interest rate (BIR) of CIBANK for loans in national currency plus margin) and the other costs have not changed and their original amount shall apply until expiration of the specified term.      
 

The BIR of loans in national currency is 6.40% and it is valid until further notice.

Fees

  • Application and Review Fee - BGN 10/EUR 5
  • Processing and Management Commission – 0.75% on the approved loan amount
  • Early Repayment - partial or in full, without limitations without a commission for early repayment