„A Dream Come True“ Mortgage Loan

NO application fee and NO monthly fee for one year on the current account servicing the loan* 
(Valid for the period from 11/04/2019 to 12/31/2019) 

* In order to be able to take advantage of the proposal for an account without a monthly fee for a period of one year from the date of opening, you must:

  • to be a new customer of the bank or to be an existing customer without an active current account and / or only with a deposit account (s) at the time of opening the account;
  • open a current account with your Mastercard Standart Debit Card, which will be active for the entire campaign period.
    Fore more information look here

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

  • Purchase of real estates;
  • Improvements and renovation of real estates. 
  • 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.
  • Financing current needs.

Currency: BGN, EUR

Maximum Term: up to 35 years (420 months)

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

  • up to 90% of the market value/the purchase price of the collateral, if the applicant is liable with all his properties;
  • up to 75% 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 purchase and refinancing of mortgage loans:

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 incl.
2.95% 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
3.40% floating interest rate, based on Base Interest Rate(BIR)* (for BGN) or 6 month EURIBOR** (for EUR) plus fixed margin

• For financing current needs:


For borrowers with gross income over BGN 1 400 incl. - current needs
3.60% 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
4,10% floating interest rate, based on Base Interest Rate(BIR)* (for BGN) or 6 month EURIBOR** (for EUR) plus fixed margin

Interest rates are applicable if the applicant is liable with all his properties.

*As of 01.07.2019 the applied rate of the BIR is 0,000
** As of 01.07.2019 the value of 6-month EURIBOR is 0,000.

Fees and commissions:

  • Fee for Preliminary valuation of income - BGN 50;
  • Loan application fee – No fee;
  • Fee for approval – 0.20% of the loan amount (min 150 BGN)

    In case the loan applicant has applied for preliminary approval the fee for preliminary estimate of income shall be deducted from the fee.

  • 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 2.95%
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
Loan amount in BGN
Term of the loan in months
Interest Rate 4.10%
Monthly installment х BGN
Total amount to be returned (excluding tax) BGN

Documents

Request for mortgage loan

Please fill in the inquiry form and one of our consultants will contact you in order to provide you with additional information or to arrange a meeting, whenever is convenient to you, at one of our offices.

Форма