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Consumer Loan Invest Comfort

Invest Comfort is a consumer loan for current needs or refinancing loans with other banks secured  with mortgage

Advantages:

- Up to 80% of the valuation of the property provided as collateral*
- Term: Up to 25 years
- Fixed interest rate for 5 years
- No fee for granting, management fee and prepayment fee
** Interest rate of 6.50% (upon using an interest bonus)

APR: amounted to 6.89%, with loan of € 30,000 with a repayment term of 25 years, fixed rate 6.50% for the first five years and floating interest rate of EURIBOR + 12M mark-up after the fifth year, salary transfer on account with the Bank, fee for processing  documents 100 BGN, fee for opening of a main debit card – BGN 1.50, monthly fee for current account – BGN 1.60, the use of “Time is money” service  with two utility payments per month – no monthly fees for a period of 60 months and issued credit card. Monthly installment without  monthly fees amounts to EUR 202.56. The total amount of repayment is EUR 61 739.51. It is  nessesary  the conclusion of insurance “Real Estate”. The cost of insurance “Real Estate” insurance and “Accident and disease: is not included in the APR.

* The percentage of funding varies depending on the degree of completion of the property and its location.

** The rate is inclusive of interest bonus amounting to 1.00%.

Other Parameters

 

CURRENCY

EUR

MAXIMUM REPAYMENT TERM

up to 25 years

INTEREST RATE

 

For borrowers with a confirmed insurance income above 2,000 BGN

7,50 %  / fixed for five years /

For the remaining term of the contract:
12M EURIBOR + 6.42%, but not less than 7.50%

For borrowers with confirmed insurable earnings, income, proven filed with GTD, income of doctors and dentists, proven on the basis of transfers received by the NHIF and income of seafarers

7,50 % / fixed for five years /

For the remaining termof the contract:
12M EURIBOR + 6.42%, but not less than 7,50%

For borrowers with income, proven by a certificate from employer

 

9,90 % / fixed for five years /

For the remaining duration of the contract:
12M EURIBOR + 8.32%, but not less than 9.90%

INTEREST BONUSES

 

For borrowers with a confirmed insurance income over BGN 2,000 monthly

1. Upon receipt of the income account in the Bank, the interest rate is reduced by 0.70%;

2. When issuing a credit card from Bank interest rate is reduced by 0.30%;

For all other borrowers

1. Upon receipt of salary and / or other additional income on card / checking account in the bank, the interest rate is reduced by 0.50%

2. Upon using the “Time is money”  service and monthly payment of at least 2 services, the interest rate is reduced by 0.10%;

3. When using the “Electronic Banking” in active mode – the interest rate is reduced by 0.10%;

4. When issuing a credit card under It. 20 interest rate is reduced by 0.40%;

ADDITIONAL BONUSES

Credit card issued to the borrower and / or co-debtor, with a total limit to 5% of the market value of collateral, but not more than 5000 BGN;
GRACE PERIOD

 

Up to 6 months grace period on principal

REPAYMENT

Choice of annuity, equal installments of principal and decreasing payments on interest, individual repayment plan with different sized monthly installments, if there is seasonality in revenue to the client, but with equal annual repayments of principal (repayment of principal within each 12-month period should be equal).

FEES AND COMMISSIONS

 

Fee for processing documents: According to the current Terms and Conditions for individuals

Other fees and commissions under the current Terms and Conditions for individuals of the Bank.

REAL ESTATE INSURANCE

At any time of the loan term bank requires insurance of the pledged real estate /collateral/ for the following minimum risks – earthquake, fire, flood and natural disasters; The amount of the insured amount should not exceed 100% of FMV and not less than 140% of the outstanding debt.

The insurance company should be approved by the Bank.

INSURANCE OF BORROWER

For loans with a rate greater than or equal to 70% of the value of the collateral, the Bank requires insurance to the borrower at least the following risks:

  • Accident
  • Disease

The insurance company should be approved by the Bank.