06.04.2021

TWO MORE BANKS WILL GRANT INTEREST-FREE LOANS TO CITIZENS

Two more BDB partner banks under the program for interest-free lending to individuals are starting to accept documents from applicants again.

These are UBB, which restarts the program in its branch network from today, and Raiffeisenbank, which will start accepting applications again from April 7.

At the end of last month, three more BDB partner banks - UniCredit Bulbank, Investbank and First Investment Bank, also restarted the acceptance of applications.

With Decision of the Council of Ministers № 194/05.03.2021, an increase of the budget under the program in the amount of BGN 100 million was approved.

Under it, BDB guarantees interest-free loans of up to BGN 6,900, including for lending to citizens who have been on unpaid leave due to the pandemic, and in the current period of imposed anti-epidemic measures are unemployed.

Applicants may be employees who have been on forced unpaid leave or self-employed persons whose activities have been temporarily suspended due to the emergency situation.

The maximum repayment period is 5 years, with a minimum of 6 months and a maximum of 24 months grace period. The loans are exempt from fees, commissions and penalties.