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Mortgage Loan for refinancing Facility

Basic parameters and advantages of Mortgage loan for refinancing Facility

  • Refinancing of purpose and non-purpose bank loans
  • Optimization of payments on loans by combining them into one loan
  • Reduce monthly expenses on loans
  • Loan amount up to 90% of the value of pledged collateral
  •  Granting to 20% over the amount for refinancing
  • From * 4.60% fixed interest rate for the first five years
  • An additional  bonus of 0.50% for the first year, in the case of refinancing only purpose mortgage loan with another bank
  • No fee for examination
  • Bonus: credit card with pre-approved limit

 

APR on mortgage loan for refinancing FACILITY  amounts to 4.80%, by loan of EUR  50,000 with a repayment term of 20 years, fixed rate 4.60% for the first five years and floating interest rate of 12M EURIBOR + mark-up after the fifth year, fee opening of a major debit card – 1.50 BGN, salary transfer  at the Bank, without charge for examination of documents, monthly fee for a current account in the amount of 1.00 BGN, the use of “Time is money” service with two monthly utility payments and issued credit card. The monthly payment is 319.03 EUR without  monthly fees. With the included monthly fees installments amount to EUR  321.74. The total amount of repayment is 77 228.08 EUR. 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

Other conditions

CURRENCY

EUR

MAXIMUM REPAYMENT TERM

up to 30 years

INTEREST RATE

Interest rates on mortgage loan for refinancing Facility.

Upon choice of the Borrower to be responsible wit all his possessions for general collateral under Art. 133 of the Law of obligations and Contracts

For borrowers with a confirmed insurance income above BGN 2,000 monthly, fully received into the account with the Bank

5,60 % /fixed to the fifth year /

 

For the remaining term of the contract:

For loans in EUR  - ЕURIBOR 12М +4,49 but not less than 5.60%

 

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

 
5,60 % /fixed to the fifth year /
 
For the remaining duration of the contract: for loans in EUR – EURIBOR 12M 4.49 but less than 5.60%

For borrowers with income, proven by a certificate from the employer, proven income from companies and / or rental income

 

7.40% / fixed until the fifth year /

  

 

For the remaining duration of the contract:

For loans in euros – 12M EURIBOR + 6.29 but not less than 7.40%

 

For borrowers with incomes from abroad and / or other income received and analyzed by the Bank (honorarium, etc.).

 

8,00 % /fixed until the fifth year /

For the remaining duration of the contract:

For loans in euros – 12M EURIBOR + 6.89 but not less than 8.00%

INTEREST BONUSES

 

За кредитоискатели с осигурителен доход над 2000 лв. месечно For BORROWERS with insurance income above BGN 2,000 monthly

1. Upon receiving 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 receiving of salary and / or other additional income on card / current 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. Upon using the „Electronic Banking“ in active mode -  лthe interest rate is reduced by 0,10%;

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

An additional bonus of 0.50% for the first year in the case of refinancing only purpose mortgage loan in another bank.

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

Option for 12 months grace period on the 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

No fee for examination
Without legal fees when the fee payable under the TariffOther fees and commissions under the current Tariff of the Bank.

REAL ESTATE INSURANCE

At any time of the loan term the bank requires insurance for the real estate pledged as collateral (including additional collaterals) for at least the following risks:

- Fire, explosion, implosion, lightning, collision or fall of manned aircraft, parts or cargo.

- Natural disasters

- Wetting because caused by accident / rupture plumbing, sewage, heating, ventilation and steam systems

- Blow from a vehicle or animal

- Earthquake

- Malicious acts of third parties

The amount of total insurance amount should be 140% of the outstanding debt, but no more than the market value of the property.

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