Mortgage loan with a fixed interest rate

Advantages

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

Tenor	Up to 30 years
Currency	BGN
Interest rate	3.00% fixed interest rate for the first 3 years 3.95%* variable interest rate for the remaining period
Amount	Up to BGN 500 000

Example

APR of 4.05% in case of a loan, equaling BGN 80 000 for a tenor of 360 months and 3.00% fixed interest rate for the first 3 years and variable interest rate of 3.95% (RIR + 3.75 fixed margin) for the remaining loan period, repayment in 36 monthly installments , each equaling BGN 337.30 for the fixed interest rate period and 324 monthly installments, each equaling BGN 379.66 for the remaining loan period. The following fees are included: credit assessment fee - BGN 200, fee for current account opening - BGN 2, property appraisal fee - BGN 130 (per apartment), mortgage obliteration fee - BGN 60, current account maintenance fee - BGN 2.50 per month and annual property insurance premium, calculated as % of the insured amount, equaling the non-repaid loan principal. Total insurance premium due for the loan period - BGN 2 108.88 (approximate amount). 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. Total amount due BGN 136 440.36; The interest rate has been calculated upon UBB’s RIR of 0.2%.

Parameters

Interest Rate	Promotional interest rate until 31.01.2020 3.00 % fixed interest rate for the first 3 years 3.95% (RIR 0.2% + 3.75% fixed margin) variable interest rate for the remaining period
Loan Tenor	up to 30 years
Amount	up to BGN 500 000
Collateral	Mortgage on a real estate
Application Fee	No fee
Credit Assessment Fee	BGN 200
Property Appraisal Fee	BGN 130 (per apartment) BGN 190 (per house)
Prepayment Fee	1% on the prepaid principal until payment of the first 12 installments under the loan
Fee for current account opening	BGN 2
Loan Account Maintenance Fee	BGN 2.50
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