Mortgage loan with a fixed interest rate

Advantages

No Application Fee
Fixed interest rate for the first 3 or 5 years
Pre-approval within 1 day without a selected property

Tenor	Up to 30 years
Currency	BGN
Interest rate	3.45% fixed interest rate for the first 3 years and 2.80%* variable interest rate for the remaining period or 3.65% fixed interest rate for the first 5 years and 2.80%* variable interest rate for the remaining period
Amount	Up to BGN 1 000 000

Example

The example is calculated in case of a loan BGN 80 000 for a tenor of 360 months, the following fees are included: fee for documents-based analysis of mortgage loan collateral - BGN 250, fee for current account opening - BGN 4.98, property appraisal fee - BGN 300 (per apartment), mortgage obliteration fee - BGN 60, current account maintenance fee - BGN 4.50 per month and annual property insurance premium, calculated as % of the insured amount, equaling the non-repaid loan principal.

APR of 3.27% in case of a loan, with 3.45% fixed interest rate for the first 3 years and variable interest rate of 2.80% (RIR + 2.45 fixed margin) for the remaining loan period, repayment in 36 monthly installments, each equaling BGN 357.01 for the fixed interest rate period and 324 monthly installments, each equaling BGN 331 for the remaining loan period. Total insurance premium due for the loan period - BGN 1774.39 (approximate amount). Total amount due BGN 124 104.62.

APR of 3.43% in case of a loan, with 3.65% fixed interest rate for the first 5 years and variable interest rate of 2.80% (RIR + 2.45 fixed margin) for the remaining loan period, repayment in 60 monthly installments, each equaling BGN 365.97 for the fixed interest rate period and 300 monthly installments, each equaling BGN 333.72 for the remaining loan period. Total insurance premium due for the loan period - BGN 1785.86 (approximate amount). Total amount due BGN 126 093.88.

The APR does not include notary fees for mortgage establishment, renewal, change and obliteration, nor the state fee for its registration, payable by the Borrower. *The interest rate has been calculated upon UBB’s RIR of 0.35%.

Parameters

Interest Rate	3.45 % fixed interest rate for the first 3 years and 2.80% (RIR 0.35% + 2.45% fixed margin) variable interest rate for the remaining period or 3.65 % fixed interest rate for the first 5 years and 2.80% (RIR 0.35% + 2.45% fixed margin) variable interest rate for the remaining period
Loan Tenor	up to 30 years
Amount	up to BGN 1 000 000
Collateral	Mortgage on a real estate
Application Fee	No fee
Fee for documents-based analysis of mortgage loan collateral	BGN 250
Property Appraisal Fee	According to the current tariff of the independent appraiser who prepares the appraisal
Prepayment Fee	1% on the prepaid principal until payment of the first 12 installments under the loan
Fee for current account opening	BGN 5
Loan Account Maintenance Fee	BGN 2.50 per month, with debit card BGN 4.50 per month, without debit card
Mortgage Obliteration Fee	BGN 60
Property Insurance	It is necessary to insure the collateral for the term of the loan, under terms and conditions, determined by the Bank and with an insurer, selected by the client. UBB offers you "Home and Family Protection" insurance program with comprehensive Property and Life insurance coverage.

Main required documents

Mortgage Loan Application
ID document of the loan applicant/co-debtor
Statement of Income, as per the Bank's template
Documents, certifying the property’s ownership - Title Deed, Purchase-Sale Agreement or such for establishment of a construction right, signed with the State or Municipal Authorities
Certificate of encumbrances on the property over a past period of minimum 10 years - issued by the Registry Agency
Tax assessment certificate for the property - issued by the Municipality, as per the property’s location
Cadastral layout of the property - issued by the local technical office of the Geodesy, Cartography and Cadastre Agency
Documents, certifying the land’s ownership or the establishment of the construction right / obtaining a construction permit, approved architectural designs, Surface Calculation Table, Minutes under Art.181, Para.2 of the Spatial Development Act for reached shell-and-core stage- for the cases in which the provided collateral has not been completed and put into operation
Bill of Quantities
Certificate of marital status - issued by the municipality’s Civil Registration Office
Certificate of tax liabilities under Art.87, para.6 of the Tax Insurance Procedure Code - issued by the NRA