- For financing tuition fees (semester fees) in Bulgaria;
- For financing fees and other education expenses (according to budgeted expenses of the university) abroad;
- For financing current needs and living expenses of the student;
- 1 p. p. off interest discount. for loans with guarantee collateral in case additional cash collateral amounting to minimum 10% of the approved loan amount is presented.
Amount
- For loan with guarantor collateral - up to BGN 7,000;
- For loan with mortgage collateral – up to 70% of the market appraisal of the real estate offered as collateral;
- For one-off loan – up to BGN 3,000.
Repayment Tenor
- For loan with guarantor collateral - up to 5 years;
- For loan with mortgage collateral - up to 6 years;
- The loan repayment has to start 6 months after the planned graduation date at the latest, and for one-off loans it has to start 3 years after disbursement at the latest.
Interest Rate
Annual interest rate comprising a base interest rate (market indices SOFIBOR, EURIBOR, LIBOR + premium) plus margin
Fees and commissions
According to the Tariff of UniCredit Bulbank for Individuals
Collateral
- For loans up to BGN 7,000 – one guarantor (parent);
- For loans above BGN 7,000 – mortgage on real estate.
A life-insurance of the borrowers
The bank may incur the payment of the required insurance in case it has signed a centralized bancassurance contract to serve its borrowers and the specific borrower is approved for insurance under the terms of this contract by the insurer company.
Requirements towards the guarantors
- Minimum 6 months of work experience, respectively 12 months of practice for single proprietors and free lancers;
- Minimum net monthly income of 200 BGN (net income = gross income – taxes and social insurance installments);
- The age of the borrower at the loan maturity date to be below 60 years for women and 63 years for men.
