There is a possibility of purchasing a real estate with only a partial burden on the Investor’s budget.

We offer help and support within the field of crediting the investment in the Bulgarian bank institutions. We are the representatives of Bulgarian banks and thus the Polish Investors get our support at being allowed a credit.

The most important conditions of getting the real estate loans in Bulgaria are:

• Credit amount to 80% of value
• Currency: EUR, USD, BGN
• Maximum period of loan payment: 20 years
• Interest rate: own capital of 20-30% - from 8.4%
• Interest rate: own capital above 30% - from 6.9%
• Payment: fixed monthly capital-interest payments
• Charges related to credit granting:
• 50 EUR for application
• 2% - legal costs
• 0.5% - handling charges
• Life insurance – optional; Real estate insurance – paid by the bank
• Grace period up to even 36 months is possible.
• Entry in the land and mortgage register is the surety
• Documents for person with earned income from labor contract: application + 3 recent RMUA [Monthly Report of an Insured Person] reports + last year’s PIT [yearly earned income declaration] report + personal account abstract + BIK [Credit Information Office] certificate + marriage certificate copy [for the married]
• Documents for person with earned income from business activity: application + last year’s PIT [yearly earned income declaration] report + personal account abstract + BIK [Credit Information Office] certificate + statement on no tax, Tax Office and ZUS [Social Insurance Office] charges arrears + marriage certificate [for the married]
  

Moreover, a real estate loan is offered by a majority of Polish banks and it is relatively easy to get. A real estate mortgage [the real estate is located in Poland and belongs to the loan debtor or other person] is the security for loan repayment.

Some Polish banks offer credits for purchasing a real estate abroad. These loans do not differ much from real estate loans [apart from lower interest] because the real estate mortgage is the security for loan repayment in each case.

It should be remembered that all real estates under construction have a plan of payments extended in time. The payment takes place in tranches with the progress of construction works. There is also a possibility of distributing the payment for a real estate accepted for use – we negotiate the installment amount with the developers on behalf of our investors.