UBB has announced its new offer under the mortgage loan product for refinancing purposes, concerning applications submitted over the period 01.10.2015 – 31.12.2015. The offer relates to non-charging of application and approval fees by the Bank, as clients may choose between: a fixed interest rate of 4.90% for the first 3 years, regarding loans in BGN and a variable interest rate for the remaining loan period, based on a 6-month SOFIBOR + 4.900 % fixed margin; or a variable interest rate of5.273% for loans in BGN, based on a 6-month SOFIBOR and a fixed margin.

UBB’s new promotional terms, regarding bank fees over the campaign period, are, as follows:

• No application fee
• No collateral appraisal fee
• No fee for legal opinion on the offered collateral and preparation of documents for mortgage registration
• No credit assessment fee

Upon refinancing an existing mortgage loan by another bank clients are given the option to also consolidate their existing consumer loans, and / or obtain additional funds.

Annual Percentage Rate (APR): 5.46% upon a loan of BGN 80 000 for a period of 30 years and 5.273% variable interest rate: monthly loan installment: BGN 442.90; total due amount: BGN 160 345.19. Conclusion of “Property” and “Life” insurance policies is needed. APR excludes expenses for insurance.

Further information about UBB loan offers is available here.