LOAN INTERESTS
Due to the recession the banks have now offered higher interest rates for savings accounts which range from 6% to 10%. The most popular are fifteen day, one month and three month savings accounts because there is no loss of the interests.
With the increase of the savings accounts’ interests, the loan interest has also increased by 2% on average. Concerning mortgages, in the last months there has not been any increase due to the fact that customers are unwilling to take new mortgages. The interest rates remain 8% for the mortgages in Euros and 9,5% for the mortgages in levs.
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Category: Bulgaria, Economy, News | Tags: banking, increase, interest, loans, mortgage, mortgages, recession Comment »