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Extension of interest-free loans for individuals is being prepared

Photo: bbr.bg

The Bulgarian Development Bank has submitted a proposal to the Ministry of Economy to extend the program for interest-free loans to citizens who are temporarily unable to work due to the Covid-19 pandemic. The proposal comes at the backdrop of the complicated epidemic situation and the continuing flow of applications for interest-free loans under the program.

Due to reaching the guarantee limits, some of the commercial banks-partners in the program have temporarily stopped accepting applications.

The program is aimed at persons with labor contracts and self-insured persons who ceased their activities because of the coronavirus crisis.

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