Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Interest on consumer loans could go up by up to 10%

Photo: archive

In 2023 interest on home loans could go up by up to 5%, on consumer loans – by up to 10%, financiers say, citing the policies of the European Central Bank and the US Federal Reserve for harnessing inflation.  

The rise in interest rates has affected the Bulgarian National Bank as well, and it too has raised the base interest rate to 1.3% for December. This, experts say, is a sign of the tendency that loan interest rates are going up. The average interest rate on mortgage credits is expected to reach 4-5% at the end of next year. At the moment the average home loan interest rate is 2.48%. Interest on bank deposits is also going up, though at a slower rate. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Deputy Minister Stratev: The samples taken from the infected animals near Velingrad are reliable

The results of the samples taken from the infected herds near Velingrad are 100% reliable and have been confirmed with a second test, Deputy Minister of Agriculture and Food Deyan Stratev said an interview with public service broadcaster BNT. In his..

published on 12/1/24 11:29 AM

Bulgaria marks World AIDS Day with various events in Sofia

On the occasion of World AIDS Day, observed on December 1, volunteers from the Bulgarian Red Cross Youth in Sofia will light tealights on the Lovers' Bridge to form a ribbon representing solidarity with the victims and carriers of the disease...

published on 12/1/24 11:04 AM

Weather forecast: Temperatures continue to drop

Over the next 24 hours the weather will continue cloudy, with rain mostly in the Southwestern half of the country and sleet in high plains. The precipitation over Mounts Rila and the Rhodopes will be considerable. There will be a moderate, in..

published on 11/30/24 6:15 PM