Home under construction mortgage loan

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

Secured by a mortgage on the property being purchased (2nd ranking):

• Up to 85% of the market value (MV) accepted by the bank for homes when they will be degree of completion Act 16

Secured by a mortgage on other property

• 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

• Up to 65 % of the market value (MV) accepted by the bank for homes when they reach degree of completion Act 16 or 10 % lower in the case of callateral other/additional than the stated above 

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 2.39%

APR

Example: 

For a loan amount of BGN 300 000, with a 30 years (360-months) term, with equal monthly instalments, at a variable interest rate for the entire loan period—formed by the 3-month EURIBOR plus a fixed surcharge of 2.39%, on an annual basis, the monthly loan payments of BGN 1 302.74.  The annual percentage rate (APR) is 3.33%, and the total amount repaid is BGN 471 090.12. Application fee: 0.30% of the approved loan amount, account opening fee: BGN 2, monthly account maintenance fee: BGN 3, BGN 120 (inlc.of VAT) for the title deed to set up a mortgage.

For a loan amount of EUR 150 000, with a 30 years (360-months) term, with equal monthly instalments, at a variable interest rate for the entire loan period—formed by the 3-month EURIBOR plus a fixed surcharge of 2.39%, on an annual basis, the monthly loan payments of EUR 651.37.  The annual percentage rate (APR) is 3.33%, and the total amount repaid is EUR 235 727.92. Application fee: 0.30% of the approved loan amount, account opening fee: EUR 2.50, monthly account maintenance fee: EUR 2, EUR 61.36 (inlc.of VAT) for the title deed to set up a mortgage.

The annual interest rate is variable, formed by the 3-month EURIBOR plus a fixed margin. The examples are calculated assuming a fixed value of 0.80% for the 3-month EURIBOR (valid from 01.09.2025 to 19.01.2026 inclusive). In the event that during the specified period the value of the 3-month EURIBOR drops below the temporarily fixed rate, the fixed rate will be immediately

Charges

• In accordance with Tokuda Bank’s Tariff of Charges and Commissions for Individuals.

For a check of the borrower’s financial position and an analysis of the collaterals offered: 0.30 % of the approved loan amount, minimum of BGN 50.00 / EUR 25.56 payable in two instalments:

• BGN 50.00 / EUR 25.56 payable on submission of the loan application.

• The remainder of up to 0.30 of the approved loan amount – when the contract is signed.

Insurance

• Home insurance for the real property serving as collateral. The home insurance may be taken out from an insurer of the borrower’s choice provided it is acceptable to the Bank.
• No requirement to take out and maintain life, accident or payment protection insurance.