What does the transition to the euro mean for your investments and loans at Klear?

Published 18 December 2025 · Updated 10 November 2026: amounts are no longer shown in BGN.

Bulgaria adopted the euro on 1 January 2026. This was an important step for the entire financial system, including Klear. For you as an investor or borrower, the process was fully automatic: everything was converted by law, and you didn’t need to do anything.

What happened to your loan?

Your outstanding principal, interest, and repayment schedule were automatically converted into euro at the official fixed exchange rate. The amount you owe did not change, only the currency did.

Your interest rate, the way it is calculated, and all other terms of your contract remained the same.

Your instalments continued on the same schedule, with the same dates and calculation logic. The only difference is that amounts are now shown in euro.

What happened to your investments?

Your portfolio was automatically converted from Bulgarian lev to euro at the fixed exchange rate:

1 EUR = 1.95583 BGN

Your return, investment approach, and allocation rules remained unchanged. The only difference is the currency in which amounts are displayed.

How the transition went

The platform was temporarily unavailable on 31 December 2025 and 1 January 2026 while we carried out the conversion. Since then, you see everything in your profile in euro: balances, portfolio, repayment schedules, and history. Amounts were rounded to two decimal places, for example 300.55 BGN became 153.67 EUR. Between 8 August and 10 November 2026, we showed the BGN equivalent voluntarily after the legal period had ended.

FAQ

Why can’t I see amounts in BGN anymore?

From 10 November 2026, we show all amounts in euro only. The legal period for dual display ended on 8 August 2026. Your loan or investment does not change.

My contract shows amounts in both BGN and EUR. Is it still valid?

Yes. Your contract remains valid and nothing in it changes. New contracts show amounts in euro only.

How can I compare an amount with BGN?

Multiply the amount in euro by 1.95583. For example, 100 EUR equals 195.58 BGN. To convert the other way, divide the BGN amount by 1.95583.

Did I need to do anything because of the euro adoption?

No. Everything was converted automatically by law. No action was required on your part.

Did the terms of my loans change?

No. Only the currency changed, from BGN to EUR. The principal, interest rate, and repayment schedule remained unchanged.

How was the outstanding loan principal converted?

Automatically, at the fixed rate of 1.95583. The repayment schedule was updated with the same dates and structure, but the amounts are in euro.

Did the way I pay my loan instalments change?

No. Your payment method remained the same. If you pay from a bank account, it is now in euro.

Did I need to sign new documents?

No. The currency change took place by law and did not require new contracts or annexes.

If I have requested a refund within the 14-day period or an early repayment, what amount should I transfer?

Log in to your profile and check the amount in euro. It is already recalculated at the fixed exchange rate.

What happened to my investments?

All balances, active investments, and transactions were automatically converted into euro at the official rate of 1.95583, as published by the Bulgarian National Bank. Your investment terms remained the same.

Did my investor return change?

No. Your rate of return did not change. Only the reporting currency became euro.

What do my balances look like after the transition?

You see euro balances, a euro-denominated portfolio and investments, and reporting and history converted automatically.

How was the conversion calculated?

Automatically, using the single fixed rate applicable to all institutions: 1 EUR = 1.95583 BGN, in accordance with the legal rounding rules.

Was there rounding, and how was it done?

We followed the legal rules: standard mathematical rounding to the second decimal place.

• If the third decimal digit was ≥ 5, it was rounded up.
• If the third decimal digit was < 5, it was rounded down.

Example: a due instalment of 300.55 BGN converted to 153.66877… EUR and was rounded to 153.67 EUR.

Are there changes to my user profile?

All functionalities remain the same. The only difference is that all amounts (balances, investments, and loan parameters) are displayed in euro.

Does Klear’s Tariff change?

No. It remains the same, with service prices displayed in euro.

If you still have questions, ask kAI in the chat at the bottom right. You can also email us at hello@klearlending.com or call 0700 20 071.