Purpose of Mortgage Loan First Home
For financing of your own first apartment, facilitating young couples with preferential conditions.
Amount
- Up to 85% for Sofia, Plovdiv, Varna, Bourgas, Rousse, Pleven, Stara Zagora, Veliko Tarnovo, Blagoevgrad (without the surrounding cities);
- Up to 80% for the rest of the towns in the country;
- Up to 60% for panel real estates.
Term of repayment
- Up to 35 years;
- Up to 12 months grace period on the principal.
Interest conditions
Annual interest rate, comprising by base interest rate (market index SOFIBOR, EURIBOR, LIBOR + premium), plus margin.
Mortgage loan, „First home”, offers preferential interest in two options at the choice of the client.
Fees and commissions
According to the Tariff of UniCredit Bulbank AD for individual customers
Collateral
The credit may be guaranteed by mortgage on the real estate under purchase/construction via credit financing, or by mortgage on another real estate, owned by the borrower or by third party. A life-insurance of the borrowers and a property insurance of the collateral are required.
The bank provides favorable opportunity to its customers to conclude the necessary insurances (property and life) with insurance companies, with which it has concluded central insurance contracts.
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;
- This should be the first own apartment for the borrower.
