27.01.2015Municipal Bank Realizes Dreams With More Beneficial Housing Loan Terms

New Exceptionally Low Interest Rates under Dream Home Housing Loan

The interest for Dream Home is among the best on the market: 5.25 % for a 15-year loan and 5.50 % for a loan with a tenor exceeding 15 years, the loan amount being up to 60 % of the market assessment of the real estate offered as collateral. The interest rate is the same for loans in BGN or EUR, facilitating loan applicants.

“We are seeing certain stirring on the real estate market, so we made the Dream Home Housing Loan even more attractive, flexible, and accessible. Our product ranks among the top proposals in the banking sector by price and terms. Thus, we allow more people to be able to acquire their dream home,” Ivanka Popova, Member of the Management Board of Municipal Bank, said.

The Dream Home Loan serves for buying a built real estate, with a possibility for a part of the funds to be used for renovation or finishing works. It could also be used for refinancing loans for buying a built real estate, provided by other banks.

The Bank offers its customers a free Life Assurance as a bonus, and the research and approval procedure is optimal. Another advantage for borrowers is the 12-month interest repayment grace period.

Customers may repay the loan in up to 30 years, and the maximum loan amount is up to 80 % of the market assessment of the housing property offered as collateral.