„A Dream Come True“ Mortgage Loan

Get the "A Dream Come True" mortgage loan now, at the even more attractive promotional interest rates of 2,70% and you will also benefit from a grace period on the principal!

Promotional period: from October 16, 2018 to January 15, 2019  (For applications submitted during the Promotional period).

The mortgage loan called„A Dream Come True“  is for:

  • Purchase of ready-to-move in (having an occupancy permit) real estates;
  • Improvements and renovation of real estates with occupancy permit. 
  • Purchase or exchange of real estates from state, departmental or municipal housing.
  • Refinancing of mortgage loans of the applicant or third physical entity, disbursed by other banks;

Currency: BGN, EUR

Maximum Term: up to 35 years (420 months)

Maximum Amount: up to BGN 500 000 / EUR 250 000 and

  • up to 85% of the market value/the purchase price of the collateral, if the applicant is liable with all his properties;
  • up to 70% of the market value (the purchase price) of the collateral, if the applicant is liable for the loan only with the value of the real estate, offered as of the collateral.

Collateral:

  • A real estate;
  • Pledge on receivable under account/deposit in BGN and other currency, opened at BACB, owned by the loan applicant or third physical entity.

Grace Period on principal: There is an option to use a 6-month grace period on the principal in the first year of the loan and another 6-month grace period on principal but after the first year.

Repayment: 

  • with annuity monthly installments;

    or
  • with non-annuity monthly installments;

Interest Rate (per annum) for loans in BGN and EUR

for a loan amount over BGN 100 000 / EUR 50 000 and repayment term up to 10 years
2.70% floating interest rate, based on Base Interest Rate(BIR)* (for BGN) or 6 month EURIBOR** (for EUR) plus fixed margin
for borrowers with gross income over BGN 1 400 and higher
3.40% floating interest rate, based on Base Interest Rate(BIR)* (for BGN) or 6 month EURIBOR** (for EUR) plus fixed margin
for borrowers with gross income below BGN 1 399
3.60% floating interest rate, based on Base Interest Rate(BIR)* (for BGN) or 6 month EURIBOR** (for EUR) plus fixed margin

*As of 01.07.2018 the applied rate of the BIR is 0,000
** As of 01.07.2018 the value of 6-month EURIBOR is 0,000.

Fees and commissions:

  • Fee for Preliminary valuation of income - BGN 50;
  • Loan application fee - BGN 130, payble at two stages:
    - upon submission of documents – BGN 50; 
    - upon signing the contract – BGN 80;
  • Early repayment fee - 1% of the early repaid amount of the loan, when the loan is repaid prior to the repayment of 12 monthly installments of its utilization;
  • Fee for preparation of notary deed – BGN 80
  • Fee for appraisal and assessment of collateral - as per List of terms and conditions of BACB;
  • Fee for preparation of an agreement for the deletion of the mortgage - according to the Bank’s tariff;
  • real estate insurance , payable by the borrower.

 

Calculator

Loan amount in BGN
Term of the loan in months
Interest Rate 2.70%
Monthly installment х BGN
Total amount to be returned (excluding tax) BGN
Loan amount in BGN
Term of the loan in months
Interest Rate 3.40%
Monthly installment х BGN
Total amount to be returned (excluding tax) BGN
Loan amount in BGN
Term of the loan in months
Interest Rate 3.60%
Monthly installment х BGN
Total amount to be returned (excluding tax) BGN

Documents

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