For the first time a Bulgarian bank provides official information in an advertising campaign for the highest possible interest rate on а loan; the highest interest rate of UniCredit Bulbank is nevertheless lower than the market average

UniCredit Bulbank offers consumer loans with and without guarantors for individual clients and households. The interesting fact about this loan is the advertising campaign which starts during the week. Within the campaign for the first time a Bulgarian bank provides the clients with clear information regarding the highest possible interest rate of the loan which will not exceed in any case 9.05%. For benchmarking, according to BNB data about new businesses in March 2007 in the “Households” loans sector the long-term consumer loans and the other loans in BGN have average interest rates from 9.9% to 12.45% within the banking sector.

“Customer satisfaction is the main factor that drives the business of UniCredit Bulbank. Our observations show that in order for customer satisfaction to be in place there should be maximum transparency between the bank and the client. As a leading bank on the market with the declaration of the highest possible interest rate on our consumer loan UniCredit Bulbank clearly expresses its will for transparency within the banking sector”, comments Lyubomir Punchev who is responsible for managing the retail banking and households business of UniCredit Bulbank.

The announced in the advertising campaign interest rate of 9.05% is for loans without guarantors and with loan term of over 5 years. Though every client that comes with a guarantor, or is a loyal client of UniCredit Bulbank or request a loan with loan term of less than 5 years will receive significant discounts. For a loan with interest rate of 9.05%, loan amount of BGN 10 000 and loan term of 7 years the annual percentage rate (including all fees and commissions) is 10.2%.

Additional advantage for the clients of UniCredit Bulbank is the special program “Share and Save” which is a potential opportunity for more than 100 000 clients with consumer loans to reduce their monthly instalments. Every loan-borrower who brings a new client to the bank and takes a loan of more than BGN 3000 can save one monthly loan instalment for every new client. The number of new clients brought to the bank is unlimited.

Detailed information regarding the new consumer loans as well as the possibilities for all discounts on the loan conditions can be received from the consultants of UniCredit Bulbank in the whole banking network of the group.

UniCredit Bulbank is the undisputed market leader in Bulgaria with assets of over BGN 7.5 billion. The bank has over one million individual and corporate clients served by around 4000 employees in 300 branches and offices in the whole country.