Comparison of fast loan companies
Finding the right financial assistance at the right moment can sometimes be crucial. Fast loans have become one of the most popular ways to secure funds in a short period of time, whether it’s due to unexpected expenses, repairs, medical needs, or simply a temporary shortage of money until payday. In this article, we will provide a detailed comparison of the leading fast loan companies in Bulgaria in 2025, reviewing their conditions, advantages, and disadvantages to help you choose the best offer for your situation.
In this article we will cover:
• What fast loans are and when they are suitable
• The main types of fast loans
• What to check before choosing a company
• Frequently asked questions
What is a fast loan?
A fast loan is a form of short-term financing offered by non-banking institutions that aims to provide immediate access to funds for individuals who urgently need money. This type of loan is characterized by an easy application process, minimal requirements, and very quick approval — sometimes even within minutes. Because of this, it is often the preferred solution for unforeseen expenses such as urgent repairs, medical needs, overdue bills, or temporary income shortages.
Key characteristics of fast loans:
Loan amount: Usually between 100 and 10,000 BGN, with some companies offering higher sums for loyal or verified clients. Smaller amounts are suitable for everyday expenses, while larger loans can be used for bigger needs such as purchasing equipment, education, repairs, and more.
Repayment period: Flexible terms ranging from 15 days to 48 months, depending on what the client can afford. Shorter terms come with higher monthly payments but lower overall repayment, while longer terms offer affordable installments but may accumulate more interest.
Interest-free loans: Most companies offer an interest-free first loan for new clients. This means that if the loan is repaid within the agreed period, the customer pays back only the principal amount with no additional fees. This is a great option for people who need a small amount and can repay it quickly.
Fast approval: One of the biggest advantages of fast loans is the speed. With a properly completed online application, approval can come within 30 minutes, and funds can be transferred the same day. Many companies operate on weekends as well.
Minimal documentation: Unlike bank loans, fast loans usually require very little paperwork. In most cases, only an ID card is needed, and proof of income is not always required. Many companies use credit algorithms and alternative data, eliminating the need for employer certificates.
Types of Fast Loans in Bulgaria
Fast loans are a flexible financial tool that can be tailored to the client’s needs. Depending on the purpose, amount, and repayment period, several types of fast loans are available. Here are the most common:
Short-term loan
A short-term loan is designed for situations where you need a small amount of money for a brief period — usually from 15 to 90 days, sometimes up to 6 months. It is ideal for covering temporary financial shortages such as delayed salary, urgent household expenses, small repairs, medical needs, or last-minute travel.
Approval is quick, requirements are minimal, and usually no guarantor, proof of income, or collateral is needed. Online applications make it extremely convenient in emergencies.
Interest-free loan
An interest-free loan is an attractive offer available almost exclusively to new clients. It usually allows borrowing up to 400–1000 BGN for 15 to 30 days and repaying exactly the same amount if paid on time.
There are no hidden fees or interest charges. This is an excellent way to test a company’s services and access quick funds without extra costs. The only condition is timely repayment — otherwise standard interest applies.
Online consumer loan
This type typically includes larger amounts — from 1,000 to 10,000 BGN and more. It is suitable for bigger expenses such as furniture, appliances, education, a car, medical procedures, or travel. Repayment is made in equal monthly installments, with terms between 6 and 36 months, and sometimes longer depending on the company.
Although considered a fast loan, it may require additional verification or proof of income for higher amounts. Still, the overall process is quicker and simpler than a bank loan, especially when using comparison platforms like Trusti.bg.
Payday loan
A payday loan is one of the most popular fast loans in Bulgaria. As the name suggests, it is meant to cover expenses until your next salary. Usually the amounts range from 500 to 1,000 BGN for up to 30 days.
It’s useful for urgent needs such as bills, unexpected purchases, or emergency repairs, provided you can repay it with your next paycheck. The application is entirely online and approval is nearly instant.
How to choose a fast-loan company?
Before applying, pay attention to:
• Annual Percentage Rate (APR): Shows the real loan cost including fees and interest.
• Options for postponement or early repayment: Check for flexibility.
• New customer conditions: Many companies offer special deals for first loans.
• Company reputation: Look for reviews, ratings, and a license from the Bulgarian National Bank.
What does Trusti.bg offer?
Trusti.bg is a loan comparison platform that allows you to:
• Compare conditions from different companies
• Apply entirely online
• Receive personalized offers with no hidden fees
Benefits of using a comparison platform like Trusti.bg
• Save time — no need to check multiple websites
• Access only up-to-date offers and conditions
• Apply online and receive fast responses
• Reduce the risk of choosing an unreliable provider
Frequently Asked Questions
Can I get a loan with bad credit history?
Some companies offer loans even with poor credit history, but the conditions may be less favorable.
What is an interest-free loan?
A promotional loan with no interest, as long as it is repaid within the agreed period, typically offered to new customers.
Is a guarantor required?
Most fast loans are issued without a guarantor or collateral.
What documents are needed?
Usually just an ID card. Higher amounts may require proof of income.
Fast loans are a convenient tool for overcoming temporary financial difficulties, but they must be used responsibly. Always compare offers, check the conditions, and make sure you can repay the amount on time. Trusti.bg allows you to make an informed choice and get the best possible offer — quickly, easily, and entirely online.
Compare, choose, apply — all with just a few clicks.
Visit Trusti.bg and make the financial decision that works for you.
Author: Vasilena Cholakova
Chief Executive Officer
Vasilena Cholakova is the co-founder and Chief Executive Officer of Trusti.bg, with extensive international experience in strategy and data analysis. She previously led the strategy for Uber Eats in the EMEA region. Before joining Uber, she worked at Covestor (now Interactive Advisors) and the European Commission. As a contributor to the Trusti.bg blog, she shares knowledge and useful advice on insurance and personal finance.
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