P2P Lending in Bulgaria

July 6th, 2020
2 minutes read

The Bulgarian Market for Crowdfunding

According to data from the latest report by Cambridge Centre for Alternative Finance (CCFA) on the global market of alternative finance and crowdfunding, Bulgaria had a total funding volume of €36.1 million in 2018, up from €10.7 million in 2017, which corresponds to an impressive growth rate of 238.3%. This places Bulgaria’s crowdfunding market as number 21 in Europe and as number 45 in the worldwide crowdfunding statistics. The countries topping the list in Europe are the United Kingdom, the Netherlands, Germany, France, and Italy.

Best Peer-to-Peer Lending Platforms in Bulgaria

Here, you will find a list of the best peer-to-peer lending platforms in Bulgaria. When choosing the best peer-to-peer lending sites in a country we consider a variety of factors that you can find in the Methodology below.

More P2P Lending Platforms in Bulgaria

Below, you will find a list of the remaining peer-to-peer lending platforms located in Bulgaria. If a new platform has been launched since this article was published and you do not see it here, please feel free to submit the platform by using the submit formula.

Taxation on Peer-to-Peer Lending in Bulgaria

The tax rate for Bulgarian on income from P2P loans is 10%. Non-Bulgarian citizens investing on Bulgarian peer-to-peer lending platforms must pay tax according to their local tax.  

To get a more in-depth overview of the Bulgarian tax system for both companies and individuals, we can recommend this overview made by PwC.

Keep in mind that this should not be considered tax advice and can be outdated, why you should always contact a tax adviser when handling your taxes.

Regulation on Peer-to-Peer Lending and Crowdfunding in Bulgaria

There is no specific law regulating P2P lending in Bulgaria, but you can read more about the laws guiding different types of crowdfunding in their factsheet made by the European Crowdfunding Network.

Methodology

At P2PMarketData we are dedicated to providing an unbiased overview of the Peer-to-Peer Lending market and platforms. Among other, in our mission to bring more transparency to the market for online lending we track over 70 platforms funding volumes.

When choosing the best platforms in a country we have considered a variety of factors such as:

  • Number of investors
  • Minimum investment requirement
  • Historical annual returns
  • Diversification opportunities
  • Reinvestment opportunities
  • Educational and informational offerings
  • Platform fees
  • Total capital invested
  • Features (such as secondary market and automatic investing)
  • General transparency (the difficulty of finding who the owners are, how they make money on the platform (fees), terms & conditions and more)
  • Management team

We also look into the company’s online reputation (for example customer reviews, news, complaints, average monthly searches and social media).