Purpose of the Loan
For financing the construction and finishing works of one-family house on regulated plot of land, owned by the borrower, or financing finishing works in case the stage of rough construction of the house has been accomplished.
Amount
- Up to 85% of the market appraisal of the housing estate to be purchased for the towns of Sofia, Plovdiv, Varna, Bourgas, Rousse, Pleven, Stara Zagora, Veliko Tarnovo, Blagoevgrad;
- Up to 80% for the rest of the towns in the country;
- Up to 60% for panel flats.
Tenor
Up to 35 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
- Mortgage on the regulated plot of land on which the one-family house is to be built;
- 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 years;
- Required client’s participation in project financing equals to the amount sufficient to reach ground level of construction.
