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Friday, May 05, 2006 

Bulgaria mortgage loan rate down to 5.9%

The visitors to the 4th edition of the Imoti Expo-Spring '06 exhibition that will kick off on Thursday in Sofia should expected to be besieged by advertisements for mortgage loan products.
Postbank will offer a home purchase credit with zero interest for the first year during the property exhibition. The interest rate for the remainder of the repayment period will be 7.9%. Preapproved clients are contacted no later than 2 days after submitting their loan application.
Sister banks HVB Bank Biochim and Hebros Bank have cut by 50% the commission for the review and release of mortgage credits for the duration of Imoti Expo and the ensuing month.
Commercial Bank Allianz Bulgaria will advertise at the property exhibition a home purchase credit with a 6.9% interest.
In related news, SG Expressbank announced it is offering a 15-year home purchase credit denominated in euro with an interest rate of 5.9%. The offer expires in late July. Eligibility is limited to customers whose monthly pay is credited to an SG Expressbank account.

Source: Dnevnik

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