The Bank follows a policy of transparency and its experts are prepared to consult clients in choosing their most suitable options;

Every third mortgage loan on the market is granted by UniCredit Bulbank.

In compliance with the changes to the Consumer Loan Act to become effective tomorrow and following its transparency policy, all branches of UniCredit Bulbank already offer the updated version of the Bank’s “Something More” Mortgage Loan. It has new competitive price terms and involves additional benefits for the client.

What is new

Some of the competitive advantages of the new offer are its simplified pricing, which is clearer to clients and is posted also on the bank’s website. For consumer loans and mortgage loans, the interest will be formed in the following way:

For loans in Bulgarian leva Annual Interest Rate (AIR) = 3М SOFIBOR + a fixed margin, as specified in the loan agreement.

For loans in euro AIR = 3М EURIBOR + a fixed margin, as specified in the loan agreement.

For overdrafts the same principle applies but using the one-month SOFIBOR/EURIBOR, i.e. AIR = 1М SOFIBOR/EURIBOR + a fixed margin, as specified in the loan agreement.

The values of these indices are public and accessible by all clients, and the fixed margins cannot be changed during the term of effect of the respective agreement.

The new fees and commissions are also fully compliant with the changes to the law. There have been removed the loan management fee, the early repayment fee after the first year of the loan period and the fee for issuing a mortgage certificate.

Even now, for the last few years, a significant part of the loans of UniCredit Bulbank have been offered without and early repayment fee for repayment with own funds. The only fee is a 1% one-off fee for evaluation of the credit risk of the client. It is calculated on the total amount of the provided loan and is payable only for approved loans.

Besides, as the law provides, clients will have the right to choose between two kinds of agreement for mortgage loans – limited liability agreement (up to the collateral amount) and full liability agreement.

More advantages

Furthermore, all who choose UniCredit Bulbank for their mortgage loan will benefit from the following advantages:

• Fast approval – the average time for answer to the client is within three business days;

• Competitive interest rates on standard mortgage loans of up to 150 thousand leva and a lower interest rate for loans bigger than 150 thousand leva;

• Refund of the 12th, 36th, 60th and 84th installment when using the voluntary retirement provision of UniCredit Bulbank;

• Complementing the original loan amount, however, by maximum 10 thousand leva;

• Reference programme with an up to 50% discount on the interest on one installment.

“As a leading bank in the country, UniCredit Bulbank seeks to satisfy the needs of its existing and future clients and to keep their trust relying on complete transparency in its terms and conditions”, said Tsvetanka Mincheva, Director of Retail Banking Division at UniCredit Bulbank. She explained that with the coming into effect of the changes to the Consumer Loan Act clients are going to have particular questions. “The bank’s experts are prepared to answer and clarify in detail all specifics involved and support clients in making their choices“, Mrs. Mincheva added.

The stats

Based on data current in May, clients looking to take mortgage loans have highly appreciated the fast procedure and transparency in the offers of UniCredit Bulbank and the bank’s market share of new mortgage loans granted has reached 30%. It means that in May every third new mortgage loan in the country was granted by UniCredit Bulbank.

Forecasts of leading economists since the beginning of the year have been for a growth in the real estate market and we already see increased interest in such investments.

The experts’ advice

The three points which UniCredit Bulbank’s experts advise clients to keep in mind if they already have a loan or are planning to take one are:

• Be careful in choosing the right property;

• Repay the loan debt in the currency of your salary;

• Do not ignore the lending experts’ advice

More information for clients:

UniCredit Bulbank, Call Centre

Phone: 0700 1 84 84

More information for media:

UniCredit Bulbank, Identity & Communications Department

Viktoria Blajeva, Phone: + 359 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Ekaterina Ancheva, Phone: + 359 2 9264 963, flbufsjob/bodifwbAvojdsfejuhspvq/ch

Magdalena Ivanova, Phone: + 359 2 9232 528, nbhebmfob/jwbopwbAvojdsfejuhspvq/ch