What does “Credit Partner” mean?
“Credit Partner” is an innovative financial product that provides access to consumer loans of up to 30,000 BGN for individuals facing difficulties obtaining credit from a bank due to poor credit history. This product is aimed at people who are employed but are temporarily in a challenging financial situation.
How does it work?
- The borrower brings a co-borrower – a person with a clean credit history and stable employment contributions.
- Both parties sign a life insurance policy, providing additional protection for all involved – the borrower, the co-borrower, and the investors.
- The guarantor ensures the loan repayment in case the primary borrower becomes insolvent.
Why is it beneficial for investors?
- Reduced Risk:
- The involvement of a guarantor with a solid financial profile significantly lowers the credit risk.
- The life insurance guarantees coverage in unforeseen situations.
- Attractive Returns:
- Interest rates are higher than standard bank loans, ensuring better returns for investors.
- The product’s flexibility attracts a wide range of clients, providing a steady cash flow.
- Social Responsibility:
- You support individuals in temporary hardship to regain financial stability without falling into a debt trap.
Why do clients choose “Credit Partner”?
- Opportunity for a fresh start: Access to financing when traditional banks decline credit applications.
- Support from a co-borrower: The product is structured to instill confidence in both the borrower and the guarantor.
- Financial protection: The life insurance policy adds an extra layer of security for loved ones.
Conclusion
“Credit Partner” combines stability, flexibility, and income potential for investors while being a product of high social value.
Are you ready to be part of the future of personalized lending? Contact us for more information!
