Settle your life with interest rates of 5.90% for the first year!

Should you need a home for you, your family, or your children, or you want to have a commercial site, then we can help you with My Home mortgage loan.

Our competitive mortgage options include:

• a great fixed rate of 5.90% for the first year according to the type of your income and variable rate for the remaining life of the loan, that are clearly set as of now!;
• reduced fees and charges;
• choosing a suitable repayment terms up to 25 years;
• up to twelve months deferred start (grace period for the principle repayment).

Terms of My Home mortgage loan:

• purpose of the loan - purchase of a ready home or a commercial site (with act # 16);
• loan currency - EUR;
• repayment schedule - up to 25 years.

Interest rate, according to the applicant's proved income:

Type of income	% for the first 12 months	% for the remaining period
1. Proved and insured income	5,90%	12-month. EURIBOR + 5*
2. Income verified with a certificate	7,5%	12-month EURIBOR + 6*
3. Income from rent, from abroad or other type, accepted by the Bank	9,45%	12-month. EURIBOR +7,5 *

*  12-month EURIBOR is set by its value, as declared on the last work day of February and it is valid from 1 March every year till February the following year. The value of 12-month Euribor, accepted by the Bank, by May 2010 is 1.945%.

Collateral: first mortgage of the purchased home / commercial site with an option for a second mortgage (a highly liquid real estate).

Fees and charges:

• for reviewing the application:

BGN 75 for applicants with income as per # 1 (of the above chart),
BGN 150 for applicants with income as per # 2,
BGN 250 for applicants with income as per # 3.

• When drawing down the loan, a lump amount is charged, depending on loan's volume and the type of income, as follows:

•    1% for applicants with income as per # 1,
•    1.25% for applicants with income as per # 2, and
•    1,5% for applicants with income as per # 3.

• For a stand on the collateral's value (percentage on the loan applied):
  

•    min. 0.35% for a stand on a residential estate, evaluated by an officer of the Bank (subject to an agreement, min. BGN 100 and max. BGN 500)
•    min. 0.5% for a stand on a non-residential estate by an evaluator of the Bank (subject to an agreement, min. BGN 100 and max. BGN 500);
BGN 100 for a stand on an evaluation of an external, licensed evaluator;

• For servicing the loan – 0,25% p.a. on the loan remainder with a repayment schedule longer than 12 months;

• For pre-term repayment:

•    a lump amount, min. 1%, or subject to an agreement, on the remainder for partial repayment;
•    a lump amount, min. 2%, on the remainder for repayment  with personal  funds till the 60th month of the life of the loan;
•    a lump amount, min. 5%, on the loan remainder, when refinanced till the 60th month of the life of the loan;
•    Free of charge pre-term repayment after the 5th year of the loan’s life with own funds;
Preparing a draft notary deed for a mortgage / an application for its registration – min. EUR 75.

Financing by the Bank – available up to 100% of the price of the newly purchased real estate, when an additional collateral is provided.

Whom is My Home mortgage made for? – Our mortgage facility is for individuals with an income either from permanent labor income, private business or freelancers, who can repay their debt up to the age of 65.

Examples:

• If My Home mortgage, you want to have, amounts to EUR 30 000, with a 25-year repayment plan fixed rate of 5,90% for the first year, and 6,945% projected rate for the remaining period, then the monthly, annuity installment would amount to EUR 192,96, while the projected installment for the period till the next change would be EUR 212,26. The estimated total amount due (principle, rates and fees incl.) would be EUR 65694.07, while the annual per cent of the costs (APC) would amount to 6,5434%.
• If My Home mortgage, you want to have, amounts to EUR 30 000, with a 25-year repayment plan fixed rate of 7,50% for the first year, and 7,945% projected rate for the remaining period, then the monthly, annuity installment would amount to EUR 223.73, while the projected installment for the period till the next change would be EUR 232.42. The estimated total amount due (principle, rates and fees incl.) would be EUR 72040.34, while the annual per cent of the costs (APC) would amount to 7.945%.
• If My Home mortgage, you want to have, amounts to EUR 30 000, with a 25-year repayment plan fixed rate of 9,45% for the first year, and 9,445% projected rate for the remaining period, then the monthly, annuity installment would amount to EUR 263.81, while the projected installment for the period till the next change would be EUR 232.42. The estimated total amount due (principle, rates and fees incl.) would be EUR 81 736.87, while the annual per cent of the costs (APC) would amount to 9.8206%.

To find out more about our competitive Mortgage package, contact your branch today or make an appointment to meet our credit consultant, who will be happy to deal with your queries and take you through the range of competitive options available.

Get the real estate you desire now, under our competitive terms!