The figures have grown 10% since November, which was the strongest period for the credit industry last year, and 20% since December.
Loans in EUR are significantly more popular than those in BGN, which is mainly due to the higher interest rates on BGN loans. The EUR/BGN ratio stood at 78/22 in January. 85% of credits taken in the capital city Sofia were in euros.
50% of Bulgarians who took credits during the past several months were aged between 25 and 35.
Bulgarians are preferring long-term credits. The loans with maturity of more than 25 years are quickly gaining popularity.
The size of the monthly installment continues to be the crucial factor for Bulgarians when choosing a loan.
Experts unanimously agree that Bulgarians have become more informed about their financial options.
Last month, the majority of credits taken were for a term of 25 years and for 50,000 euros in size, which means the monthly installment stood at 700 – 800 leva.
In January most households applying for credits belonged to the so-called middle class, with incomes of about 750 – 2,500 leva.