Bank Credit Law
Bank Credit Lawyers in Bulgaria


Bank Credit Law & Bank Credit Lawyers in Bulgaria

Bank Credit Law & Bank Credit Lawyers in Bulgaria

Through the last decade the bank credit system in Bulgaria has successfully developed to serve the business needs of private debtors and large real estate investors.

To successfully navigate our clients through the constantly changing transactional, regulatory and litigation proceedings of the bank credit system in Bulgaria, at Lawyer Bulgaria we has established a team of Bank Law lawyers to deal with this area of the legislature.

Bulgarian banks offer two credit policies – the so called non-secure credit and the mortgage credit. The Non-secure Bank Credit has higher interest rate than the mortgage laon and is usually given for smaller amounts thus having shorter time periods to be repayed back.

The Mortgage Credit is for bigger amounts and is usually given with a long-term repayment policy and lower interest compared to the Consumer Credit. In addition, Bulgarian banks usually demand collateral security that is about 90% of the property’s value that the loan applicant is willing to purchase.

At Lawyers Bulgaria  we have establish a branch of professionals in the field of Bulgarian Bank and Credit Law which will provide you eexpert legal advice for the procedure of loan granting to the different categories of loan seekers.