HEBROSBANK ISSUES A CERTIFICATE AS GUARANTEE FOR HOUSING CREDITS
HEBROSBANK made it easier for its customers to seek and buy a home by issuing a certificate with information about the highest amount of credits they will get. The document will be valid for four months and will certify that the bank has approved the potential borrower's request in advance.The newest bank product, Hebros Home, was launched on the market on September 10. The highest amount of the mortgage credit will reach BGN100,000. When the home is located in Sofia, the credit will provide up to 80% of its price. The bank launches loans of up to 70% of the value of the real estate if it is located in Veliko Tirnovo, Pleven, Plovdiv, Varna, Bourgas, Stara Zagora, Rousse, Blagoevgrad, Haskovo, or Bansko.Preferential conditions will be offered to potential borrowers who get their salary in the bank or have an account in it.An advantage of Hebros Home is the insurance of the real estate and a life insurance of the borrower and his family. These insurances do not need periodical renewal.The interests on home credits vary between 11.75% and 14.90%, depending on the term and the amount of the credit. 1.5% of them is the price of the insurance which reduces the price cost of the credit. The longest redemption term is 20 years.In order to get a certificate, the customer has to fill in a questionnaire about his solvency. The credit is to be guaranteed by the acquired estate which is registered as first-order legal mortgage.