OPPORTUNITY MORTAGE LOAN FOR CURRENT NEEDS

The loan is granted for the financing of current needs – repair and furnishing, expenses for education, family events, treatment, etc., as well as for the purchase of real estate and refinancing loans, granted by other banks.

 

The Bank does not collect any fees upon reviewing, granting and utilization of the loan!

You may receive the “Opportunity” mortgage loan for current needs, if:

  • you have good social security income;
  • you work under a permanent employment contract for six months at your present employer;
  • you exercise a free profession for at least one year.

Requirements to your income :

  • to receive your income on account with CCB Plc;
  • the amount of all loan liabilities of the household must not exceed 60% of the proven net monthly income of the family;
  • remaining net monthly income minimum BGN 250 per legal aged member of the family  and BGN 100 for under age after deducting all due monthly installments to loan and lease companies, including the installment under the requested loan;
  • to pay at least two utility bills via the service Subscription for utility bills .

Loan parameters

  • Amount up to BGN  150 000 (or the equivalent amount in EUR)
  • Repayment term – up to 25 years

Loan conditions

  • Collateral – residential real estate, fully completed and put into exploitation
  • Percentage of lending – depending on the location of the real estate and the option for a full or limited liability is to the amount of 70% of the real estate evaluation

Interest conditions

  • Annual interest rate
    • 4,1% – in the cases, in which the client is liable with his/her entire property (regardless of the currency)*
    • 5% – in the cases, in which the client is liable only to the amount of the provided collateral (regardless of the currency)

    A possibility for a reduction in the interest rate for clients with good profiles!

    You may choose to use a loan with a fixed interest rate for the first twelve installments and a floating interest rate for the remaining period or a loan with a floating interest rate for the whole term.

    The annual percentage rate  is to the amount of 4,25% for a loan to the amount of EUR 40 000, a repayment term of 15 years, a fixed interest rate of 4,1% (applied reference interest rate for mortgage loans (ARIRml) + a margin 1,1%) and an included fee for legal services of EUR 30, a fee for real estate evaluation of EUR 60, and a monthly fee for servicing the checking account of EUR 0,75. The total due amount of EUR 53 844,31 and amount of the monthly installment of EUR 297,88.

See  Methodology for determining the base interest rate, applied to the mortgage loans of CCB Plc (278,4 KB) 

 You may calculate the amount of your monthly installment, using our calculator  for Cooperative mortgage loan.

How much will the loan cost? Fees and commissions

  • A fee for preparing a legal opinion – BGN 60.
  • A fee for collateral evaluation – according to the tariff of the licensed appraiser.

What documents do we expect from you to present

Information about the necessary documents you may receive at any office of the Bank.

Upon the granting of a mortgage loan from CCB Plc you also receive:

  • A free property insurance policy of the mortgaged real estate at Armeec insurance company JSC
  • A free international Maestro or Visa Electron debit card
  • A possibility for the issuance of Visa “CCB-Bulgaria Air” credit card with a limit up to BGN 1500 with 0% interest rate for the first 6 months and without an annual fee for the first year, upon loans to refinance the liabilities to another bank!

* The conditions are valid for applications,submitted till 31.01.2017.


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