Giving a loan
Banks will not give you a loan for the purchase of a property? However, we have a solution!
In recent years, the interest of foreign citizens in acquiring real estate in Bulgaria, especially in regions with tourist potential such as the Black Sea coast, has increased significantly. In practice, however, a large part of these clients face the inability to obtain mortgage or consumer financing from Bulgarian banking institutions, regardless of their solvency status.
The most common reasons for bank failure include:
- Lack of permanent residence or citizenship in the Republic of Bulgaria
- Absence of provable income from a local source
- Lack of credit history on the territory of the country
- Temporary status or unregistered residence
As a result, many willing buyers remain outside the scope of traditional financing, despite having a stable financial profile and a proven capacity to service debts.
Stella Tours offers an alternative financing mechanism through a licensed non-bank financial institution
In response to this market need, Stella Tours has built a partner network with registered and licensed non-bank financial institutions (NBFIs), registered in the BNB register, which offer flexible financing schemes for the purchase of real estate by local and foreign individuals.
These institutions provide the opportunity to:
Financing up to 70% of the value of the property, determined through an independent market valuation
Repayment period up to 10 years, with the possibility of flexible early repayment
Fixed or variable interest rates, depending on the client’s risk profile
Collateral through contractual mortgages or alternative mechanisms, in accordance with the Obligations and Contracts Act and the Credit Institutions Act
Servicing of liabilities in BGN or EUR, subject to an agreed currency clause
Application procedure and structuring of the transaction
1. Initial consultation with a Stella Tours expert
2. Providing a financing offer based on the selected property and client profile
3. Conclusion of a preliminary contract for sale and purchase, agreed with the lawyers of both parties
4. Preparation of a loan and collateral agreement with the non-bank institution
5. Confession of the transaction before a notary, with entry in the Property Register
Stella Tours provides full legal assistance, including drafting contracts, checking for encumbrances, tax advice and representation if necessary.
Why choose Stella Tours?
- Reliable broker with experience in the seaside real estate market
- Established partnerships with non-bank lenders
- Legally secured procedure
- Individual approach and financial confidentiality
- Possibility of financing foreign persons without a local credit history