Payday loans
- amount
- €75 to €625
- term
- 30 days
- decision
- in 30 minutes
Consumer loans in 8 offices Mortgage-secured loans across the whole Republic of Bulgaria
Registered with the Bulgarian National Bank
ContentsData at 30th of September 2026
-
-
-
-
The company
Lending in Bulgaria since 2019
SofiaPlovdivBurgas
8 offices: Shumen (central office), Targovishte, Razgrad, Dobrich, Rousse, Varna, Byala, Isperih
- 2019
February: founded. July: registered with the Bulgarian National Bank. December: first loans originated.
- 2020
Offices in Targovishte, Razgrad and Dobrich. The first secured loans
- 2021
Offices in Rousse and Varna. Through the lockdowns, growth without elevated delinquency
- 2023
Office in Byala
- 2024
July: secured loans across the whole of Bulgaria
- 2025
Office in Isperih. October: listed on Afranga as a loan originator
- 2026
Bulgaria joins the Euro area: lending, borrowing and reporting in Euro
The 8 offices
Shumen (central office)
103rd “Tsar Osvoboditel” street
Targovishte
38th “Hristo Botev” street
Razgrad
27th “Bulgaria” boulevard
Dobrich
5th “Ohrid” street
Rousse
63rd “Borisova” street
Varna
30th “Doctor Piskyuliev” street
Byala, Rousse Province
7th “Vasil Levski” street
Isperih, Razgrad Province
33rd “Ludogorie” street
What Lev Credit lends
Unsecured consumer loans
Installment loans
- amount
- up to €2 500
- term
- up to 24 months
- decision
- in 30 minutes
≈ 11 500 unsecured loans since 2019, ≈ €400 on average
Secured loans · a 1st-ranking mortgage
Secured loans
- amount
- up to €200 000
- term
- up to 120 months
- interest rate
- 18% up to the legal ceiling
- loan-to-value
- at most 50%
- payout
- within 3 working days
- Of secured lending:
- 68% households, residential property
- 26% businesses, residential property
- 6% businesses, commercial property
The loan book by kind of loan
60%secured
Share of the loan book
Payday
1%
average loan€180
loan-to-valueunsecured
Installment
39%
average loan€523
loan-to-valueunsecured
Secured consumer
36%
average loan€17 000
loan-to-valueat most 50%
Secured business
24%
average loan€24 000
loan-to-valueat most 50%
Secured lending
1st-ranking mortgages, at most 50% of the property's value lent
Postcards from Bulgaria
How a secured loan is originated
Borrowers come throughthe website ≈ 80%independent brokers ≈ 10%the offices ≈ 10%
Identity
Verified with the Ministry of Internal Affairs. KYC/AML and sanctions-list screening
Income
Employment and income verified
Title
Ownership and encumbrances checked in the Property Register
Loan-to-value
At most 50% of the value set by an independent valuer
Mortgage
1st-ranking mortgage by standardized notarial deeds
From application to payout
within 3 working days
One of the fastest on the market: most other lenders take at least 2 weeks, some a month.
At most 50% of the property's value is lent
Residential property
in the 15 largest towns and cities
Residential elsewhere
apartments and village houses
Commercial property
market value or replacement cost
Agricultural land
highly liquid
the property's value, set by an independent valuer
0%50%100%
share of the property's value
Up to 24 months to catch up
90 days without a payment: from here the law allows a lender to enforce
24 months the longest Lev Credit waits before it does
A borrower who falls behind is given time to catch up: the less of the property's value was lent, the longer the wait.
The secured loans' record
98%of secured principal is current
0%realized loss on secured loans
Clients and track record
63% of borrowers borrowed again
Postcards from Bulgaria
Chosen again by borrowers
Each application is assessed manually: identity, proof of income, bank statement, credit-register check and an internal scorecard.
Loans stay under the average monthly wage
The average unsecured loan of the last 12 months by term, against Bulgaria's minimum and average monthly wage.
2 145 loans in 2025, up from 1 164 in 2020
2020
1 164
2021
1 631
2022
1 577
2023
1 687
2024
1 745
2025
2 145
20269 months
1 573
Loans disbursed each year, as counted in the loan system; the first 8 in December 2019.
Why Lev Credit
Registered
Bulgarian National Bank, register of financial institutions, No. BGR00421, since July 2019
Audited
Registered auditor: unmodified opinions on 2024 and 2025
In house
Own staff decide on every loan and look after it to the end; a loan is never sold, with low staff turnover
Lev Credit on Afranga
Lev Credit is a loan originator on Afranga, listed since October 2025.
Afranga EOOD holds the first crowdfunding license in Bulgaria, issued by the Financial Supervision Commission of Bulgaria.
Financial statements
Each file holds the English translation first and the Bulgarian original after it; the Bulgarian original is the authoritative version.
- 9 months 2026Interim report, unauditedEnglish (company translation) and Bulgarian · 54 pages · 0.5 MBDownload (PDF)
- 2025Audited annual reportEnglish (company translation) and Bulgarian · 64 pages · 1.7 MBDownload (PDF)
- 2024Audited annual reportEnglish (certified translation) and Bulgarian · 55 pages · 4.9 MBDownload (PDF)
- 2023Annual report, unauditedEnglish (certified translation) and Bulgarian · 35 pages · 2.5 MBDownload (PDF)
- 2022Annual report, unauditedEnglish (certified translation) and Bulgarian · 34 pages · 2.5 MBDownload (PDF)
The full presentation
The financial strength, the figures in full, the definitions and the sources.
Download the presentation (PDF)43 pages, 10.6 MB
Definitions
- Nominal principal
- Outstanding principal of the loans, before impairment provisions.
- Lent
- The nominal principal of the loans originated.
- Last 12 months
- October 2025 to September 2026, as measured, with no extrapolation.
- Realized loss
- Principal not repaid on the closed secured loans, as a share of the principal lent.
- Current
- The principal of the installments not past due: the loan system's band “without delay”.
- Clients served
- The borrowers who took at least 1 loan between December 2019 and September 2026, as counted in the loan system.
Sources and credits
- Wages
- National Statistical Institute, second quarter of 2026; Decree No. 243 of 2025 on the minimum wage.
- Pictures
- Unsplash (Unsplash License): Neven Myst – houses of Sozopol's old town on the rocks above a deep blue sea; JOGphotos – a field of sunflowers under a blue sky; Georgi Kalaydzhiev – apartment buildings in Sofia above green trees
- Pexels (Pexels License): Hristofor Stoyanov – the Seven Rila Lakes from above; Jakub Zerdzicki – a leather wallet with euro notes, hands with a calculator and a euro note over printed pages, house keys held over a model house; Andrea Piacquadio – a document handed over a desk in a bright office, a man in a suit signing a document; Pavel Danilyuk – house keys on a house plan; Anete Lusina – a floor plan with a tape measure and a pen on a wooden desk
- Pixabay (Pixabay Content License): Flamma_Vlavius – the flower alley of the Sea Garden in Varna
- Wikimedia Commons: Dennis G. Jarvis – the Roman theatre of Philippopolis in Plovdiv from its upper rows (CC BY-SA 2.0); Edal Anton Lefterov – a postage stamp with a Rosa damascena bloom (CC BY-SA 3.0); Liilia Moroz – a newly built apartment building with glass balconies on a street in Ravda (CC BY-SA 4.0); Anton Lefterov – a two-floor village house with a tiled roof and a glazed veranda before a green hill in Hristo Danovo (CC BY-SA 3.0)
- Map: geoBoundaries