Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Families are taking out more quick loans to cover consumer expenses

Photo: BTA

For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB). In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the BNB, this is a rise of over 22%. For a year, Bulgarians have taken half a billion euros more. The share of quick loans for 2017 was EUR 1.4 billion.

 For 6 years, the money distributed in the form of quick loans has increased by more than 120%. The recipients are mostly households - 70%, as they cover consumer needs with them. 91% of loans have a repayment term of more than 1 year. 

The Consumer Protection Association calls on the next Parliament to adopt the measures approved by the European Parliament regulating quick loans and protecting consumers from falling into over-indebtedness, both to banks and to quick loan companies.



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

Petar Dilov

Ministry of Economy: The direct impact of US tariffs on Bulgarian exports may total €468 million

The tariffs imposed on European goods by the Trump administration are expected to have both direct and indirect effects on Bulgarian exports.  The Ministry of Economy and Industry has calculated the direct impact at €468 million, while..

published on 9/10/25 4:45 PM

Is Bulgaria making the most of China’s vast trade potential?

The Celestial Empire, the “world’s factory”—that is China, the globe’s second-largest economy. The Asian powerhouse is actively expanding its economic reach worldwide, with the Belt and Road Initiative as the apogee of these efforts, through which..

published on 9/10/25 2:42 PM

Job offers increase seasonally, there is a decline on an annual basis

The demand for employees increased by 5% in August, or by over 1,700 more offers compared to July, one of the largest HR companies in Bulgaria reported to BTA. But on an annual basis there is a decline of 7% , or by 3,100 offers. The "Trade..

published on 9/10/25 11:32 AM