Lender One
Available on a repayment basis only
Loans may not exceed 65 % of property valuation.
Proof of Income: Required in all cases
Property Location: Properties in Sofia, Plovdiv, Black Sea Coast resorts and towns, as well as the three largest winter resorts Borovets, Bansko and Pamporovo. Properties in other locations shall be reviewed case by case. Key point in determining the amount of the loan is the property status (location, description of finishing details - flooring, insulation, heating, telephone connection, doors and windows, etc., potential income from it).
Who Can Apply: non-Bulgarian Nationals and Bulgarian expatriates, who are between 21 and 65 years old during the maturity of the loan
Term: Maximum 15 years
Currency: Euros/BGN
Interest rate: 7.58 % at the present. It can fluctuate depending on the rate of Euribor
Insurance: the Lender require your property to be fully insured
Staged payment: not available; the property must have at least Act Form 15, which verifies the completion of the building
Bank account: you should open a bank account with the Lender
Cash collateral: after the account is opened, you must put 12 monthly payments into it. The money must remain in the account for the full term, but they will be accumulated at interest in accordance with the bank terms and conditions for customer deposits
Redemption penalty: if you decide to repay your mortgage, an early repayment fee will be charged. It will be 5 % within the first three years of the loan and 3 % for the rest
Valuation fee: (including the preparation of all the required documents) – 270 EUR
A summary of the bank fees, payable in the mortgage procedure:
Price stated/entered in the Notary Deed: the bank require the real purchase price, written in the Preliminary contract, to be entered in the Notary Deed as well.
Loans may not exceed 65 % of property valuation.
Proof of Income: Required in all cases
Property Location: Properties in Sofia, Plovdiv, Black Sea Coast resorts and towns, as well as the three largest winter resorts Borovets, Bansko and Pamporovo. Properties in other locations shall be reviewed case by case. Key point in determining the amount of the loan is the property status (location, description of finishing details - flooring, insulation, heating, telephone connection, doors and windows, etc., potential income from it).
Who Can Apply: non-Bulgarian Nationals and Bulgarian expatriates, who are between 21 and 65 years old during the maturity of the loan
Term: Maximum 15 years
Currency: Euros/BGN
Interest rate: 7.58 % at the present. It can fluctuate depending on the rate of Euribor
Insurance: the Lender require your property to be fully insured
Staged payment: not available; the property must have at least Act Form 15, which verifies the completion of the building
Bank account: you should open a bank account with the Lender
Cash collateral: after the account is opened, you must put 12 monthly payments into it. The money must remain in the account for the full term, but they will be accumulated at interest in accordance with the bank terms and conditions for customer deposits
Redemption penalty: if you decide to repay your mortgage, an early repayment fee will be charged. It will be 5 % within the first three years of the loan and 3 % for the rest
Valuation fee: (including the preparation of all the required documents) – 270 EUR
A summary of the bank fees, payable in the mortgage procedure:
Application fee: 75 euros
Management fee: 1% - payable once at the time of releasing the loan
Annual maintenance fee: 0.20% of the outstanding balance of the loan
Price stated/entered in the Notary Deed: the bank require the real purchase price, written in the Preliminary contract, to be entered in the Notary Deed as well.
Our team is here to help!
