Interest-free loans in Bulgaria
- Posted on: August 20, 2020
Nearly 16,000 applicants have been approved under the government's anti-crisis program for interest-free lending to individuals. The total value of loans approved by commercial banks is a little over BGN 65.7 million. As of mid-August, under the guarantee program managed by the Bulgarian Development Bank, 26,160 requests had been received from partner banks, 78 per cent of which were by persons on an employment contract, and the remaining 22% by self-insured persons. The average value of the loans is over BGN 4,100. The application period is until the end of 2020. A total of 12 commercial banks are partners in the Guarantee Program for providing…
Read more




