Short-term loan against a pledge of a Life policy

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What does loan ,,Life" from Allianz Bank Bulgaria include?

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Loan Amount
up to 75% of the cash value of the insurance, calculated on the reserve basis at the time of setting the credit limit*
Term
up to 1 year, with an option for renewal for a new one-year term
Type of loan:
  • Loan with bullet payment of maturity (principal together with interest)
  • Overdraft: interest is payable monthly
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* Minimum amount – BGN 500 or their equivalent in foreign currency

Maximum amount - BGN 50 000 or their equivalent in foreign currency

Documents

  • loan application
  • loan agreement

Collateral

Pledge on a Life insurance policy.

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