Mortgage loan for Energy Efficient Home

Advantages

• Optimum comfort upon lower costs related utility bills
• Decreased exposure to harmful substances and care for the environment
• Investment in an energy efficient home increases the value of your asset
• Lower interest rate on your mortgage loan

Special offer

Interest Rate Discount

With regard to mortgage loans for purchase and for refinancing in the cases when the property you buy is of А or B energy class and when the mandatory requirement that the primary energy demand should be not more than 150 kWh/sq.m. as per an implemented project has been fulfilled, upon the loan approval the interest rate will be reduced by 0.15 %. You need to present an Energy Performance Certificate or a copy of it.

Interest (price) discounts on loans with variable interest rates may be applied individually for each contract depending on customer profile, regular salary transfer and other products and services used by the borrower with UBB and the other companies of KBC Group in Bulgaria.

Benefits for you

You save on interest expenses under your mortgage loan* – in the cases when the property you purchase has a higher energy rating, you will enjoy an interest rate discount. Thus upon a loan for purchasing with amount BGN 100 000 over a period of 20 years and an interest rate of 2.65%*, you could save on interest expenses equaling BGN 1775.62, when compared with a loan for purchase of the same amount and tenor, but without the interest rate discount for an energy efficient property
You save on utility bills - the reduced monthly expenses for utility bills leave more disposable funds for you in your monthly budget
Better quality of life and care for your health – energy efficient homes ensure an environment where you and your family are exposed to less health-related risks (comfort temperature and ventilation, environmentally friendly materials)
Care for the environment and the future of our planet - the energy consumption of the buildings in Europe reaches up to 40% of the CO2 emissions. Energy efficient homes leave much smaller harmful footprint on the environment and contribute substantially to the effect on climate changes.

Representative example:

*APR 2.97% at a variable annual interest rate of 2.65% (RIR*+ 2.30% fixed surcharge), with a discount applied upon submission of an energy certificate class A, A+ or B with energy consumption up to 150 kWh/m2 for a purchase loan in the amount of BGN 100,000 and a term of 240 months, with the following fees included: for documentary analysis of the mortgage loan collateral BGN 250 / EUR 127.82, for opening a current account BGN 4.98 / EUR 2.55 ., for appraisal of real estate apartment BGN 300 / EUR 153.39 , for cancellation of mortgage BGN 60 / EUR 30.68 , for servicing a BGN current account 4.50 / EUR 2.30 monthly and annual insurance premium of real estate, calculated as % of the fixed amount, equal to the outstanding principal on the loan. Total fixed premium due for the term of the loan BGN 1427.20 / EUR 729.72 (indicative amount). The APR does not include notary fees for establishing, renewing, changing and deleting the mortgage and state fee for its registration, payable by the borrower. Payment of 240 monthly repayment installments, each of BGN 537.25 / EUR 274.69 Total amount due BGN 132 059.96 / EUR 67 521.19 *The interest rate is calculated at UBB's RIR of 0.35%. RIR changes according to the Methodology available on the UBB website.

** APR 3.12% at a variable annual interest rate of 2.80% (RIR*+ 2.45% fixed premium), without discount applied for a purchase loan in the amount of BGN 100,000 and a term of 240 months, with the following fees included: for documentary analysis of the mortgage loan collateral BGN 250 / EUR 127.82, for opening a current account BGN 4.98 / EUR 2.55 , for valuation of real estate apartment BGN 300 / EUR 153.39 , for cancellation of mortgage BGN 60 / EUR 30.68 , for servicing a BGN current account 4.50 / EUR 2.30 monthly and annual property insurance premium, calculated as a % of the fixed amount equal to the outstanding principal of the loan. Total fixed premium due for the term of the loan BGN 1433.39 . / EUR 732.88 (indicative amount). The APR does not include notary fees for establishing, renewing, changing and deleting the mortgage and state fee for its registration, payable by the borrower. Payment of 240 monthly repayment installments, each of BGN 544.64 / EUR 278.47 . Total amount due BGN 133 841.77 / EUR 68 432.21 *The interest rate is calculated at UBB's RIR of 0.35%. RIR changes according to the Methodology available on the UBB website.

Energy Performance Certificate

The Energy Performance Certificate is being issued based on the energy demand features of the building, following completion of construction activities and prior to its commissioning.

All newly constructed buildings after 2013 have such Energy Performance Certificates or issued such after fulfillment of certain energy saving measures, or after performance of construction and assembly works, entailing a change in the building’s energy demand features.

Energy Performance Certificates can be obtained from the building’s constructor, from the Municipality as per the building’s location or based on the building’s technical passport. Upon sale of a property the owner is obliged to provide its Energy Performance Certificate.

With multi-family buildings a certificate for a single apartment is being issued based on the certificate, issued for the whole building.