Purpose of the Loan
For financing the purchase of additional real estate – shops, office building, garages that will be offered for rent
Amount
- Up to 60% for brick built real estates;
- Panel flats are not accepted for collateral.
Tenor
Up to 25 years
Interest Rate
Annual interest rate comprising a base interest rate (market indices SOFIBOR, EURIBOR, LIBOR + premium) plus margin
Fees and Commissions
According to the Tariff of UniCredit Bulbank for Individuals
Discounts
Applicable to clients of package programs of the Bank
Collateral
- The credit may be guaranteed by mortgage on the real estate under purchase via credit financing, or by mortgage on another real estate, owned by the borrower or by tier party;
- A life-insurance of the borrowers and a property insurance of the collateral are required;
- The bank may incur the payment of the required insurance (property insurance or life-insurance) in case it has signed a centralized bancassurance contract to serve its borrowers and the specific borrower is approved for insurance under the terms of this contract by the insurer company.
Requirements Towards the Borrowers
- Minimum 6 months of work experience, respectively 12 months of practice for single proprietors and free lancers;
- Minimum net monthly income of BGN 200 (net income = gross income – taxes and social insurance installments);
- The age of the borrower at the loan maturity date to be below 70.
