Credit in Bulgaria.

Last activity 24 September 2015 by Maggiemo1

1463 Views

4 replies

Post new topic

DannythehatMember27 July 2015 13:08:25

Hi All .

I am Danny and I moved to Sofia from London over a year ago. I have obtained 5 years right to stay over here and I am working full time for Google.

Me and my partner have just had a baby (few months ago ) and we decided to try to get a mortgage as we are both reasonably well paid . I was told that I need to live in Bulgaria for 5 years before I can receive any kind of credit .

Previously I was told that I need to have a full residency ID card and when my daughter was born , although I tried today and told I have to wait 5 years.

Has any expats got any advice regarding the credit situation as I really don't want to wait 5 years for this to happen.

kremestiNew member27 July 2015 13:55:12

buy something inexpensive in the villages around Sofia and pay cash

rami kremesti M.Sc.

Founder BONKA

kojidaeSerial expat27 July 2015 21:42:12

588

There are a few banks that offer foreigners credit, at a much higher interest rate. (nearly 8% as opposed to 5-6%)... it is not ideal, but you may want to check that out, as not all banks offer it- I know fibank does, as well as unicredit/bulbank, and I believe OBB may have it as well. (I wish I had more info for you... you may already be trying for foreign credit?) For fibank and unicredit, I believe it is targeted at people who do not even have longterm residency, so you should be eligible.

Kris0x0Contributor28 July 2015 14:14:29

150

Yes, Unicredit is a great bank, if you have a work contract you will be able to get credit. It will be good if you make a large deposit with them so they put you as a preferred client and then you can get a lot more done and even bend the rules a bit

Maggiemo1Member24 September 2015 20:16:21

If you register as business and open a business account you should have no problem gaining a mortgage there is foreign mortgages also, you don't have to own a business to open a business account

Mags

Articles to help you in your expat project in Bulgaria

Giving Birth In Bulgaria
If you find yourself pregnant in Bulgaria, you may be wondering if you will have to head home to have your baby. ...
Leisure in Bulgaria
Wondering how to keep yourself busy after work and during week-ends? Here is an overview of leisure activities ...
Education in Bulgaria
Educational Structures and Background:
Opening a bank account in Bulgaria
Do you wish to open a bank account in Bulgaria? Find out how to proceed in this article.
Traveling to Bulgaria with your pet
Would you like your pet to accompany you during your trip to Bulgaria? Find out how to proceed in this article.
Accommodation in Plovdiv
Plovdiv is a very popular city with expatriates, more particularly with students. Find out how to find ...
Living in Bulgaria
After living in Bulgaria for several years, I look back on the decision to move abroad. At first there was a ...
Moving to Bulgaria
With rising costs of living, falling house prices, lack of mortgage lending and increasing social and economic ...