The Bank has changed its terms and conditions for all new mortgage loan types,involving the following amendments to banking fees:

Clients may also chose a variable interest rate of 6% over the whole tenor for loans in BGN and in EUR in case of a loan for residential property purchase, repairs and furnishing, construction and finishing works, payroll or regular proceeds in a Comfort account with the Bank .

 

UBB clientshave the privilege of obtaining preliminary approval of the loan amount prior to selecting the property they would like to purchase. Upon refinancing an existing mortgage loan by another Bank clients are exempt from credit assessment fee and may be granted auxiliary funds.  

 

The maximum amount of mortgage loans for residential property purchase is BGN 500 000, or EUR 250 000, with a repayment term up to 35 years.

 

Annual Percentage Rate (APR): 6.64% fora loan of BGN80 000 with 30-year loan period,and 6.00% fixed interest rate over the first 3 years and a variable interest rate, formed of a 6-month SOFIBOR+ a fixed margin of 5.100 % over the remaining loan period. Monthly installment of BGN 479.64 over the loan period with a fixed interest rate and of BGN 503.91 over the remaining loan period. The total amount due equals BGN 181 574.96. Clients should have PROPERTY and LIFE insurances. Insurance costs are not included in the Annual Percentage Rate (APR). The value of the 6-month SOFIBOR, adopted by the Bank as of 30.06.2014,is 1.400%.