Advantages and conditions of a fixed rate mortgage
Why choose a fixed-rate mortgage? Our special offer gives you security in a world of dynamic market conditions.
- Fixed interest rate - 2.89% for the first 5 years
- Floating interest rate - from 2.89% for the remaining period (HTDI + mark-up)*
- High amount of finance – up to 85% of the market value of the property
- Long mortgage period – up to 30 years
- Predictability of monthly debt - the mortgage payment will not change over the period, even with an increase in market interest rates
- Do you need a property mortgage, life insurance and property insurance: Yes
- Currency - EUR
A fixed-rate mortgage is a bank loan where the interest rate remains the same throughout the period over which it is fixed — for example, 1, 3, 5 years. During the fixed period, the interest rate does not change.
For fixed-rate mortgages, the payment and interest rate do not change during the fixed period, while for floating-rate mortgages they may increase or decrease depending on the dynamics of market indices.
No, during the fixed period, the monthly payment is the same each month.
After the expiration of the period, the mortgage switches to a floating interest rate: Interest = Market index + Mark-up
Yes — there is a limit, but not for the age at application. The requirement is for the maximum age at the expiration of the loan. The client should be up to a maximum age of 75 years at the end of the mortgage period (at an age over 70, the client's debt ratio must be below 60% and have life insurance).
An annuity is an equal monthly payment which the client pays throughout the period of the mortgage. It does not change unless the interest rate index changes.
You need to have an open payment account which will service your credit. Receipt of salary makes it easier to service the loan and gives you the opportunity to take advantage of more preferential terms when considering and approving.
Yes — you can arrange a mortgage entirely online without visiting a bank branch. UniCredit Bulbank offers a completely remote process which covers all stages – from consultation to signing the contract.
Example of APRC and calculation of payments
Approved mortgage amount 90,000 EUR/176,024.70 BGN. Credit term: 30 years. Type of repayment: Annuity, 360 payments The amount of the monthly repayment for a fixed-rate mortgage is EUR 409.90/801.69 for the first five years and EUR 409.90/801.69 for the remaining mortgage period. Monthly premium on life insurance – 31..50 EUR/ 61.61 BGN or 11,340 EUR/ 22,179.11 BGN for the entire mortgage period. Property insurance premium for the first year EUR 100.98/BGN 197.50. Apr 3.81% for the entire mortgage term. Total amount due at the end of the mortgage period EUR 149,588.07/ BGN 292,568.83 .
The calculations in the example are based on a promotional fixed annual interest rate for the first five years of 2.89% and a floating interest rate for the remaining credit period of 2.89%. They include costs for documenting the guarantees, a monthly fee for a credit account servicing (Plan Plus) to the amount of EUR 2.27, costs for Property insurance with coverage on residual credit debt, life insurance costs for the entire credit term. Salary transfer to an account with the bank is a necessary condition for arranging the mortgage.
*A floating annual interest rate is formed by a reference interest rate HTDI, increased by a fixed mark-up.
The proposal is valid when submitting a request for a new housing mortgage credit with a selected option to apply a fixed interest rate for the first five years of the mortgage period salary transfer and the following additional services: using a daily banking plan "Plus"*; Savings plan**; Credit card UniCredit Shopping Card*** and/or Overdraft ****.
The APR on the loan is an expression of the total costs on the loan for the consumer, present or future ones, as an annual percentage calculated on an annual basis from the total amount of the loan granted.
The additional costs payable under the loan agreement, which shall become a part of the APR after they become known to the Bank, are as follows
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The notary and state fees for the establishment of a mortgage in favor of the Bank;
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The notary and state fees for renewal and deletion of the collaterals established in favor of the Bank;
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The costs for a market appraisal of the proposed collateral.
The additional costs indicated above are not included in the provided example for the total costs on the loan, and they shall become a part of APR after they become known to the Bank.
*Plus Daily Banking Plan – this option allows you to use a current account with a debit card and to withdraw funds from the ATMs of UniCredit Bulbank with your main debit card issued under the main account in the plan without a fee; also available without fee: intra-bank transfers, when arranged through an electronic channel; utility payments - monthly maintenance and service of the Plus Plan is EUR 2.27/ BGN 4.44.
**Contract conclusion for regular monthly investment through the Investment Plan with a minimum contribution of 20 EUR/USD. You can select a convenient date for your contributions and they will be deducted directly from your account. The plan will be automatically renewed following expiry of its five-year initial period without additional fee. You can use your savings at any time. When you sign up for a Investment Plan, the one-off fee will be a percentage of your total contributions for the first 60 months and will be payable upfront with your first monthly payment.
*** With the UniCredit Shopping Card you can defer your purchases in instalments; EUR 0 annual service fee for the first year when documents are signed digitally. After the first year the fee will be EUR 12.78 per year; Free delivery of the new card to a convenient address in Bulgaria.
*** By using the Overdraft option, you will get. Additional funds that you can use via debit card at ATMs and POS terminals; Option to use the overdraft limit in full or in parts, whenever you decide, paying interest only on the amount used. (If you run out of funds at the end of the month and use EUR 100 of your overdraft, when your salary comes in, this amount will be automatically repaid and you will once again be able to use the full amount of the overdraft. You will only owe interest on the EUR 100 used during the period of use).
Use of the above additional products may be terminated* during the term of the bank mortgage loan agreement upon your written request.
*When you terminate use of the Investment Plan, Overdraft or Shopping card (during the first year), you will not owe any fees and/or commissions. If you terminate a Shopping card contract after the promotional one-year period, a fee will be payable on a pro rata basis for the period of use during the year.
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Proposal valid until 31.03.2026
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