Multipurpose Mortgage Loan

The UBB multipurpose mortgage loan has attractive interest rates and enables you to obtain funds for any needs that you might have.



UBB offers you from 01.05.2019 up to 30.06.2019 a promo mortgage loan with:

  • Variable interest rate  3.45% (RIR 0.2% + 3.25% fixed margin) in BGN and EUR                 
  • No application fee
  • No Credit Assessment Fee
  • Maximum loan amount: EUR 60 000 / BGN 120 000
  • Preliminary approval within 1 day
  • Repayment period: up to 20 years
  • Bonus Credit Card

You may obtain preliminary approval for a mortgage loan based on income and credit history, without the need to provide a document for a particular real estate.

Annual Percentage Rate (APR) BGN : 3.70% with a loan of BGN 50 000 for a period of 20 years and 3.45% variable interest rate: 240 monthly installments on the loan in the amount of BGN 288.70; total due amount of BGN 70 279.25. Conclusion of Property Insurance policy is required, as the related expenses are not included in the APR.

Annual Percentage Rate (APR) EUR: 3.70% with a loan of EUR 25 000 for a period of 20 years and 3.45% variable interest rate: 240 monthly installments on the loan in the amount of EUR 144.35; total due amount of EUR 35 151.25. Conclusion of Property Insurance policy is required, as the related expenses are not included in the APR.


Product parameters


Loan collateral: Mortgage on a residential real estate

Standard offer:

  • Prepayment Fee - 1% until the 12th monthly installment
  • Property appraisal fee - BGN 130 (for an apartment)
  • No application fee
  • Credit assessment fee  – BGN 200
  • Loan Account Maintenance Fee – BGN 2.50 monthly
  • Mortgage release fee - BGN 60

APR: 3.70% with a loan of BGN 50 000 (EUR 25 000) for a period of 20 years and 3.45% variable interest rate: 240 monthly installments on the loan in the amount of BGN 288.70 (EUR 144.35); total due amount of BGN 70 279.25 (EUR 35 151.25). Conclusion of Property Insurance policy is required, as the related expenses are not included in the APR.
Description of United Bulgarian Bank’s  Reference Interest Rate (RIR) Methodology, used for determining the variable interest rate on loans to natural persons, is available here.

UBB offers you the Home and Family Protection insurance program with comprehensive Property and Life coverage. More information is available here.

Needed documents for applying

Main documents, needed upon applying for a mortgage loan:

 Document TypeIssuing institution

For obtaining preliminary approval

Mortgage loan application formUBB AD
Copy of the Borrower/ Co-debtor’s ID card---------
Certificate of Income, concerning the income amount and the employment contract period of the Borrower and his/her spouse Issued by the Employer according to a sample form of the Bank
Depending on the income source: Annual Tax Return for natural persons, independent employment contracts and Statements of Honoraria (Received Income), Rental Agreements etc.----------

For ascertaining marital status and presence/ absence of liabilities  

Certificate of marital statusIssued by the municipality’s Civil Registration Office, according to the permanent address (permanent residence)
Certificate of tax liabilities under Art.87, para.6 of the Tax Insurance Procedure Code.Issued by the local office of the National Revenue Agency, as per the mortgagors’ permanent address

Documents of the real estate, standing collateral under the loan

Documents, certifying the real estate’s ownership: Title Deed, Purchase-Sale Agreement or Construction Right Agreement, signed with the State or Municipal Authorities----------
Certificate of encumbrances on the real estates over a minimum period of 10 years prior to submitting the loan applicationIssued by the Registry Agency Office
Tax valuation certificate for the real estateIssued by the Municipality, according to the real estate’s location 

Real estate layout

Regarding areas with approved cadastral map- real estate layout, building design/ design of an independent unit in a building
Issued by the local technical office of the Geodesy, Cartography and Cadastre Agency
When the offered collateral is not completed and has not been put into operation: Land ownership documents or such certifying established construction right, Construction Permit, approved architectural designs, surface calculation table, Statement under Art.181, Para.2 of the Spatial Development Act, certifying reached shell-and-core construction stageIssued by the respective municipal or regional administration 

Documents, pertaining to the specific purpose of the loan

Detailed budget estimations and an Agreement for Construction and Assembly Works (if any) /concerning loans for construction, repair works and furnishing/----------

By judgement of the Bank and depending on the content of provided documents additional documents, relating to the borrower and the collateral may be requested.

Main steps upon applying for a mortgage loan

Steps upon applying for mortgage loan:

Step 1: Obtaining a preliminary approval for a mortgage loan

In order for you to obtain a preliminary approval for a mortgage loan, you need the main information about your income and credit liabilities. You may visit any branch of the Bank and fill in a loan application, accompanied by a document about your monthly income.

Step 2: You have obtained a preliminary approval and you proceed further with the loan

You have already obtained a preliminary approval for a loan amount in accordance with your current financial status. It is important that you are acquainted with the period of its effect. In order to continue with the process of obtaining a final approval of the loan and signing an agreement, you should go through the following 2 steps:

  • Preparation of an expert appraisal of the real estate by a licensed appraiser –The obtaining of an appraisal of the loan collateral is a mandatory stage for you to go through. For this purpose the real estate will be visited by a licensed appraiser, with whom the bank has signed a framework agreement.
  • Obtaining a legal opinion – The obtaining of a legal opinion on the loan is a mandatory stage that includes a review of the documentation relating to the proposed loan collateral and preparation of a legal opinion and representation of the bank upon instituting a mortgage.

Step 3: Receiving a final approval of the loan

Step 4: Signing a loan agreement and utilization of the loan

After signing the mortgage loan agreement, the formalities concerning the purchase-sale deal and / or the collateral deal shall be performed by a notary public. In order for the loan to be finalized and its funds to be utilized, the only thing for you to do is present an Encumbrance certificate with a first-ranked mortgage, registered in favor of the Bank /unless otherwise specified in the loan agreement/.

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