30.7.2007

Unfavourable consumer loans make up for mortgage breaks

Banks that are leaders in mortgage lending and offer lucrative packages are making up for these favourable conditions by putting an extra charge on accompanying consumer loans, a survey of Express Daily suggests.

Thus, for instance, DSK Bank – one of largest and most popular banks in Bulgaria – offers mortgage funding at 6.15 per cent in euro, covering up to 90 per cent of the real estate value and up to 30 years of pay-off period.

At the same time its unwarranted consumer loans have a record-breaking annual percentage of expenses (APE) – 21.12 per cent. (Source: BIA, Focus Agency)

Source: www.propertywisebulgaria.com