Central Cooperative Bank Mortgage Loan to current needs Opportunity
"THE ONLY IMPOSSIBLE JOURNEY IS THE ONE YOU NEVER START"
Take out an "OPPORTUNITY" mortgage loan from Central Cooperative Bank and make your plans a reality!
The Bank does not collect any fees for loan granting and management!
Important clarification! Upon the dual indication of the amounts, including before the period, during which it is obligatory, in accordance with the Law on the Introduction of the Euro in the Republic of Bulgaria, the Bank presents the amounts in Levs with their respective indication in Euros, using the distinctive symbol “EUR”. The dual indication in Levs and Euros has been made, using the official exchange rate 1 EUR = 1.95583 BGN."
- Maximum amount of BGN 600 000 (EUR 306 775.13)
- Interest rate of 2.5%
- Maximum term of 30 years
Interest rate when the client’s responsibility is limited by means of the provision of collateral – 6.5% regardless of the loan currency
Free property insurance of the mortgaged property.
No fee for conducting the legal review of the collateral.
Fee for evaluation of the collateral – according to the Tariff of the licensed appraiser.
Fee for preparing an application–consent for deleting a mortgage /including VAT/ - according to the Bank's Tariff.
Fee for renegotiation at the client's initiative - according to the Bank's Tariff.
Package Attraction
- When refinancing a mortgage loan from another bank/financial institution
- No collateral assessment fee
- Possibility for the notary fee related to the establishment of the mortgage (with no registration fee) to be covered by the bank, subject to certain conditions*
- For a new mortgage loan (legal mortgage)
- No collateral assessment fee
- Possibility for the notary fee related to the establishment of the mortgage (with no registration fee) to be covered by the bank, subject to certain conditions*
Package Attraction +
- In the case of a new mortgage loan and a subsequent mortgage in order, in the case of previous ones in favor of CCB
- For a new mortgage loan for the purchase of a property serving as collateral* for a loan at CCB
- No collateral assessment fee
- No fee for preparing an application–consent for deleting a mortgage for an existing borrower who is disposing of the collateral to another client approved for a purchase loan with CCB
- Possibility for the notary fee related to the establishment of the mortgage (with no registration fee) to be covered by the bank, subject to certain conditions*
*Subject to approval by the Bank’s competent authority for covering the expenses related to the payment of notary and state fees for the establishment of the mortgage (excluding the registration fee), the loan must be repaid regularly and in accordance with the applicable repayment schedule during the first three years from the date of the initial disbursement. In the event of any breach of the repayment schedule within the first three years from the date of the initial disbursement, the expenses incurred by the Bank shall be reimbursed by the client. The conditions under which the notary fee may be assumed by the Bank can be explained at any branch/office of the Bank.
For loans in BGN
The Annual Percentage Rate (APR) amounts 2.82% for a loan of BGN 100 000 with a repayment period of 15 years, at an interest rate of 2.7% (ORLPik + interest rate margin), a property valuation fee of BGN 150**, a fee of BGN 78.23 for preparing an application–consent for deleting a mortgage of one mortgage, and a monthly account servicing fee of BGN 2.54 for a card payment account. The total amount payable is BGN 122 408.63, with a monthly installment of BGN 676.25. Please refer to the methodology of CCB for determining ORLPik.
** Please note that depending on the collateral and the appraiser’s tariff, the property valuation fee may exceed BGN 150
For loans in EUR
The Annual Percentage Rate (APR) amounts 2.82% for a loan of EUR 51 129.19 with a repayment period of 15 years, at an interest rate of 2.7% (ORLPik + interest rate margin), a property valuation fee of EUR 76.69**, a fee of EUR 40 for preparing an application–consent for deleting a mortgage of one mortgage, and a monthly account servicing fee of EUR 1.30 for a card payment account. The total amount payable is EUR 62 586.54, with a monthly installment of EUR 345.76. Please refer to the methodology of CCB for determining ORLPik.
** Please note that depending on the collateral and the appraiser’s tariff, the property valuation fee may exceed EUR 76.69
ELIGIBILITY CONDITIONS
You have sufficient insurable earnings
You are employed under an open-ended employment contract
- You receive your income on an account with CCB
COLLATERAL
Fully finished and commissioned
residential property
Percentage of lending
up to 80%- Deductables minimum 10%
For additional information, please call:
*5050 (Call charges are based on the tariffs and policies of the customer’s mobile operator. Calls to a short number may not be included in the free minute package for which CCB cannot be held responsible)
02/9266 500, or visit any branch of Central Cooperative Bank.
Free property insurance at Armeec Insurance Company
Free debit card MasterCard Debit or Visa Electron
Possibility to issue a Visa CCB - Bulgaria Air credit card at preferential terms
