Bulbank introduces new mortgage lending terms for the promotional period till the end of July.

The floating interest for the loans in BGN currently stands at 7.28 pct, which is the lowest rate in Bulgaria. The bank’s mortgage loans in EUR are even more attractive bearing 6.48 pct interest (the value of the floating interest at this moment) for the whole repayment term. Bulbank revokes the pre-payment fee together with the annual management fees.

The offer of Bulbank is the most competitive on the market at the moment as the bank keeps offering different interest options depending on the period of fixed interest i.e. for the first year, first three years and first five or ten years it is lower.

Bulbank has been expanding its market share since the beginning of the year on the mortgage lending market and as of May it stands at 15 pct.

Mortgage loan program of Bulbank offers a range of opportunities from which clients could chose the best parameters using the help of bank specialists.

Clients could choose among the following:

• Equal monthly payments or decreasing payments

• Grace period over the interest or the principle for a certain period of time

• Chance for seasonal payments

• Catalogue with commercial areas where clients could use discounts when buying electronics and furniture.

• Possibility for additional credit like overdraft or revolving credit card.

The whole mortgage loan program of Bulbank, known as one of the most flexible ones on the market offers also purposeful loans for purchase of construction of real estate, construction of an estate together with a building company, reconstruction of house, financing a purchase of new real estate while the client sales off the old one