You can rely on a Mortgage Loan from a Bulgarian bank that will finance your purchase, even if your income originates from another country. ProMax Estates agency has a partnership with leading Bulgarian banks based on a licensed contract, by the force of which we represent them, which is sign of respect and trust. We offer consulting services to our foreign clients and this service is free and doesn't influence the credit in any way. We will assist you throughout the entire process, guiding you through each step and providing you with useful information whenever you need it.

Here are the main characteristics of a standard mortgage loan in Bulgaria are, as stated by the leading bank in the country - Raiffeisen Bank.

Raiffeisen  Bank

The bank finances:
• Purchase of residential properties – apartments, family houses, garages, studios, plots or parts of them;
• Purchase of real estate built on “rough construction” stage;

Loan parameters

Currency BGN/ EUR

Loan amount:
Minimum loan amount – EUR 5 000 or BGN equivalent;
Maximum loan amount – unlimited depending on the proposed collateral or the client solvency.

Percentage of financing:
Loan amount should be:
• up to 80% of the market value of the real estate if the real estate is finished
• up to 70% of the market value of the real estate if the real estate is under stage “rough construction”, with a certified “rough construction” level

Loan term: from 3 to 25 years
Grace period: up to 12 months

Required Documents

Credit history documents (Experian Scorex, Equifax)
Required documents for the income of the applicant / joint applicant:

Applicants who are not citizens of the United Kingdom are expected to provide documents corresponding to those listed for UK citizens.
The term for approving the application is usually up to 2 days.