Current/regular purposes/needs or refinancing same type of credit, disbursed by other bank

When you need a change, but don’t have enough money to make it, you can take advantage of the current needs mortgage loan or refinance a similar loan granted by another bank.

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Terms

Amount

Up to 85 % of the market value

Currency

BGN or EUR

Loan term

Up to 15 years

Amount when the borrower is fully liable with all of their assets

Depending on the loan collateral:

Up to 85 % of the market value (MV) accepted by the bank for homes, retail space, offices in monolithic buildings and agricultural land, categories 1 to 4
Up to 75% of MV accepted by the bank for homes in panel buildings

Amount when the borrower is liable up to the collateral’s value

10 percentage points lower than the stated above percentages

Interest rates

A floating interest rate for the entire term, based on a reference index, namely the base interest (BIR) rate/3-month EURIBOR + a fixed premium of 2.59 %.

Collateral

A first-rank mortgage on the real estate serving as collateral, set up in favour of the Bank.

APR

Example: for a BGN 70 000 loan over 15 years (180 months) at floating rate for the entire term (BIR + 2.59 p.p. fixed surcharge), a 0.30 % single fee for application analysis and collateral evaluation, BGN 120.00 (incl. of VAT) for the title deed to set up a mortgage, BGN 2.00 account opening fee, BGN 3.00 monthly account with debit card service fee - the annual percentage is 2.82 % and the total amount repaid is BGN 85 628.09. Equal monthly instalments of BGN 470.87 each.

In the example, the BIR is assumed to be zero.

Charges

For the examination of the borrower’s finances and the analysis of the collaterals offered, a fee of 0.30 % of the approved loan, but not lower than BGN 50.00, payable in two instalments:

At submission of the loan request – BGN 50.00
At signing of the loan contract – the remainder of the fee up to the amount equalling 0.30% of the approved loan.

When the loan is for refinance of another loan (up to 50 % of the loan amount) the fee is BGN 50.00 payable at the submission of the loan request.

Insurance

Home insurance for the real property serving as collateral.

Requirements

The loan applicant must have worked for their current employer for at least 6 months.
The loan applicant must have a verifiable regular income.
The loan applicant must have a verifiable regular income.
First-ranking mortgage on the property serving as collateral.
A first-rank mortgage on the real estate serving as collateral.

The loan applicant must be no older than 65 years at the end of the loan’s term. Loan applicants who would be older than 65 at the end of the loan’s term must meet the following additional criteria:
- They must produce a co-debtor on the loan who is at least 18 years of age at the time of application and would be younger than 65 years of age at the end of the loan’s term.
- The remaining loan amount at the applicant’s 65th birthday must not exceed 35% of the individual collateral evaluation.

Documents

Tariff for Individuals 854.6 KB

How to apply

At a bank branch

Discuss the transaction with one of our consultants. Complete a loan application form and prepare the required documents.

Online enquiry

Complete the online enquiry form and one of our consultants will get back to you.

A copy of the loan applicant’s ID card.
Documents certifying the ownership of the real estate offered as collateral.
The evaluation costs shall be borne by the loan applicant.
Related persons statement (standard form provided by the Bank), if applicable.
Loan Request (standard form provided by the Bank).
Evaluation of this real estate performed by a certified appraiser.

Current/regular purposes/needs or refinancing same type of credit, disbursed by other bank

Terms

Amount when the borrower is fully liable with all of their assets

Amount when the borrower is liable up to the collateral’s value

Interest rates

Collateral

APR

Charges

Insurance

Requirements

Documents

How to apply

Required documents

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