About us ➜ Mortgage credit lending
Information on mortgage lending in Unicredit Bulbank
Purpose of the loan: purchase of residential real estate in Bulgaria.
Target group: Foreign nationals with permanent contract / income from abroad.
Age limit for the loan: The age before the final repayment of the loan is 60 years for women and 65 for men. The monthly payment amount (principal and interest) of the loan must not exceed 30% of the borrower’s net monthly income.
Loan currency: BGN, EUR
Maximum loan term: up to 20 years for foreign citizens
Annual interest: BGN – 7.50%, EUR – 8.35%
Collateral: Mortgages for real estate that has been purchased / must be completed prior to the commissioning phase. A deposit of 6 monthly installments (principal and interest). The deposit can be revised every year at the initiative of the borrower. Insurance of the pledged property is obligatory.
Loan amount: Up to 70% of the market valuation (prepared by a licensed appraiser) of the property accepted as collateral for the loan. The borrower can be represented by power of attorney.
Required documents
- Mortgage loan request (bank model);
- Notarized power of attorney;
- The passport;
- Official income documents issued to the employer or proof of other regular income sources. The documents must reflect the amount of income and certify that they have been received without interruption within the last 3 months before the loan application - original;
- Bank account movements during the last year;
- Personal investment documents - investments in pension funds, trust funds, purchase of securities, etc. - Apostille is required;
- Preliminary contract for the purchase of property;
- Last year's tax return;
- Market appraisal by a licensed real estate appraiser, which will serve as collateral for the loan;
- Marital status document;
- Credit history.
