Mortgage Loan for Customers without Permanent Residence in the Country
Characteristics
Funding rate
IconUp to 70% of the property market value and opportunity for the customer to be either liable with all his property or to be liable only to the amount of the provided collateral.
Purpose
Icon- Financing of residential property purchase
- Refinancing of similar target loans
Term
IconUp to 25 years
Currency
IconBGN or EUR
Interest rate
IconAnnual interest rate formed by reference interest rate representing market interest rate index for the relevant currency* increased by a fixed margin.
*Interest index for the respective currency - HTDI for BGN, EURIBOR for EUR.
Type of instalments
IconEqual monthly instalments (annuity) and decreasing monthly instalments.
Collateral
Icon- Property mortgage
- Financial collateral arrangements
- Property insurance of the collateral
- Deposit of 3 instalments on an account opened with the Bank
Frequency of repayment
IconMonthly
Method of interest calculation
IconActual number of days / 360
Frequency of absorption
IconOne-off payment or payment in instalments in accordance with the agreed absorption plan.
Need for Life Insurance
IconYes - Light Packet.
Need for Property Insurance
IconYes
Requirements and Documents
What are the requirements that must be met?
- Service of at least 1 year.
- You must repay your current loans on a regular basis.
- First-rank mortgage on the immovable property used as collateral.
Required documents
- Loan application
- Appendix 1 to loan application
- Documents required in connection with consideration of the loan application
Application
How to apply?
- Visit the nearest branch of Unicredit Bulbank and discuss the options with our consultant.
- Fill in loan application for individuals.
- Prepare the documents which the consultant has determined as necessary for execution of the specific transaction.
- Then a view of the property is made and market assessment is prepared. The related costs are paid by the loan applicant.
- The loan application is reviewed by the bank.
- Upon approval of the loan application loan agreement is signed and the related charges must be paid.
Related Products
Online and Mobile Banking
Do your banking online, on your mobile phone or at ATMs. Easy and convenient, anywhere you are, anytime you like.
A package of services in one account
Save up to 40% of the monthly fees with the Modula Program. You use banking products and services of your choice and pay a joint monthly fee.
