Loan ,,Life"

Short-term loan against a pledge of a Life policy

Advantages

The bank provides a short-term loan to customers of ZAD Allianz Bulgaria Life against a pledge of a Life insurance policy.

	Loan ,,Life"

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

* Minimum amount – BGN 500 or their equivalent in foreign currency

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

Documents

Collateral

Pledge on a Life insurance policy.

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Forms, sample contracts, templates, insurance conditions, info-sheets and other useful documents.