This article highlights a review of the top 6 instant loan apps in Bulgaria. The applications detailed in this article provide accessible solutions for individuals seeking financial assistance in terms of quick loans and instant lending in times of cash emergencies. These apps allow you to apply for loans directly from your smartphones or tablets, eliminating the need for traditional bank visits and paperwork.
Top 6 Best Instant Cash Loan Apps in Bulgaria 2023
Some of the best loan apps and lending platforms in Bulgaria in 2023 include UBB, BACB, Allianz, KBC, Fibank and Postbank among other reputable lenders. Most of these lending applications process loans online and decisions are made within a short duration, with little or no documentaton.
1. UBB
UBB is one of the best loan apps in Bulgaria providing convenient option for obtaining an urgent loan anytime anywhere 24/7 and particularly online. With a minimum tenor of 6 months and a maximum tenor of 5 years (60 months), you can borrow amounts ranging from BGN 1,000 up to BGN 55,000. If you need to borrow more than BGN 55,000, you can take advantage of the remote application process through the Contact Center without visiting a bank branch. The loan does not require collateral, and there is no fee for document review and processing.
2. BACB
Another top choice for loan apps in Bulgaria is BACB. The application provides range of loans for individual borrowers, offering various collateral options. Whether you want to purchase a new home, renovate, furnish, buy a car, cover education expenses, go on a trip, repay loans from other banks, or fulfill a personal dream, they have you covered. The loan amount can go up to BGN 2,000, and you have a repayment term of up to 3 years. The entire process, from application to disbursement, is conducted online, providing a seamless experience for borrowers.
3. Allianz
Allianz offers flexible loan options with competitive loan amounts, repayment plans, and interest rates in Bulgaria. The platform provides personalized conditions based on your credit parameters and financial profile. Early repayment is fee-free, and you can borrow up to BGN 50,000 / EUR 25,000. The repayment period extends up to 10 years, and you can make equal monthly installments (annuity). The best part is that you only need an ID card to apply. It’s our third pick for our top 6 loan apps in Bulgaria.
4. KBC
KBC is also among the best loan apps in Bulgaria that offers loan amounts of up to BGN 200,000 / EUR 100,000. The loan amount is usually determined based on the application rating and the company’s official annual turnover, subject to financial analysis. You can choose between BGN or EUR as the currency for your loan, and the repayment period can extend up to 6 years. The interest rate is calculated based on 1-month/6-month.
5. Fibank
Fibank offers unlimited loan amount, providing financing of up to 70% of the property’s market value at an interest rate of 4.11%. You can get up to BGN 1,200 personal or mortgage loan depending on the borrower’s credit rating. Fibank repayment flexibilities which can extend up to 25 years (300 months), with equal monthly installments as well makes it yet another top choice among the best and most reputable loan apps and financial lending institutions in Bulgaria in 2023.
6. Postbank
Postbank our last pick for the best loan applications and platforms in Bulgaria, provides its customers with excellent loan offers, offering not only favorable conditions but also flexible solutions tailored to individual needs. Their mortgage loan features a floating interest rate throughout the loan period, financing of up to 500,000 BGN, a repayment term of up to 35 years, and up to 85% financing based on the market value. They also offers short term loans as well that with a convenient repayment plan also.
Best Loan Apps in Bulgaria for Foreigners
Loan apps in Bulgaria for foreigners are specifically designed to cater to the financial needs of non-residents or foreigners living in Bulgaria. These apps provide a convenient and accessible platform for foreigners to apply for loans directly from their mobile devices. They aim to provide financial solutions to individuals who may not have extensive knowledge of the local banking system or face language barriers, offering them accessible and user-friendly options to meet their financial needs.
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Conclusion
Loan apps in Bulgaria have emerged as convenient and accessible solutions for individuals seeking financial assistance. These apps listed above have revolutionized the borrowing process by allowing users to apply for loans directly from their smartphones or tablets, eliminating the need for traditional bank visits and paperwork. The top 6 loan apps highlighted in this article offer a range of features and benefits to cater to different borrowing needs.
