The preferential mortgage loan is for the purchase of:
- Purchase of real estates, which construction is financed by BACB;
- Purchase of real estates, property of BACB or its subsidiary
- Interest rate of 2.7%
- No fee for loan application;
- No fees for appraisal and assessment of collateral;
- An option for financing if ACT 14 is present;
- An option for preliminary approval as per income – NO fee;
- An option for a grace period on the principal;
- High amount of financing;
- For each new borrower -FREE registration for Virtual bank BACB plus, the first virtual bank in Bulgaria.
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 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.
- a real estate, owned by BACB (or its subsidiary) or which construction is financed by BACB;.
- Pledge on receivable under deposit/account in BGN and/or other currency, opened at BACB, owned by the applicant or third physical entity.
Grace Period on principal: There is an option to use a 6-month grace period on principal in the first year of the loan and another 6-month grace period on principal for the rest of the loan term but only after the first year.
- with annuity monthly installments;
- with non-annuity monthly installments (equal on principal)
Interest Rate (per annum)
A loan amount over BGN 100 000 and a repayment term of up to 10 years2.70% floating interest rate, based on Base Interest Rate(BIR)* (for BGN) or 6 month EURIBOR* (for EUR) plus fixed margin
In all other cases3.40% floating interest rate, based on Base Interest Rate(BIR)* (for BGN) or 6 month EURIBOR* (for EUR) plus fixed margin
*As of 01.01.2019 the value of BIR is 0,0000.
**As of 01.01.2019 the value of 6 month SOFIBOR is 0,0000.
Fees and Commissions:
- No fee for Preliminary valuation of income
- Loan application fee – No fee;
- Fee for approval – No 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 an agreement for the deletion of the mortgage - according to the Bank’s tariff;
- Real estate insurance – payable by the borrower