However, consumer loans in BGN decreased by 0.09 p.p. up to 8.22%, and the annual percentage rate (APR) of these loans – by 0.10 p.p. to 8.77%.
The average interest rate on other loans in BGN is increasing with 0.04 BC to 4.13%. Interest rates on loans for Employers and self-employed persons are also falling – by 0.14 p.p. up to 3.99%. In March 2024, the average interest rate on the overdraft in BGN decreased by 0.02 p.p. up to 14.78%, and for credit card loans, outside the interest-free grace period, in BGN it increases by 0.05 p.p. to 21.05%.
However, business loans are becoming more expensive, while in March the average interest rate on loans up to EUR 1 million contracted in BGN increased by 0.07 p.p. up to 4.25%, and for those over 1 million euros it decreases by 0.52 p.p. to 3.79%.
Home loans taken out grow double the savings
The average interest rate on loans up to EUR 1 million contracted in EUR increased by 0.43 p.p. up to 5.45%, and for loans over 1 million euros – with 0.20 p.p. up to 6%. In March 2024, the average overdraft interest rate in BGN increased by 0.01 p.p. up to 3.60%, and on the overdraft in euro – by 0.03 p.p. up to 5.45%
In the case of deposits, the interest rates are lowered even moreis, while the average for those in BGN decreases by 0.05 BC. to 0.72%, and for those in euro it increases by 0.12 p.p. up to 1.10%. The average interest rates on overnight deposits in BGN and EUR remain at their levels of 0.01%.
The average interest rates on deposits agreed for use after notice in BGN and in EUR are kept at the levels of the previous month, respectively 0.10% and 0.15%.
The same trend applies to company deposits, on which the interest rate is reduced by 0.70 p.p. up to 1.37%, and for those in euro – by 0.10 p.p. to 2.54%. The average interest rate on overnight deposits in BGN increased by 0.01 p.p. up to 0.05%, and for those in euro – by 0.02 p.p. to 0.09%.
For more financial news and other useful tips about your personal finances, you can follow us on Facebook or Google News Showcase
