Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

BNB tightens criteria for granting mortgage loans

Photo: Ani Petrova

As of October 1, the BNB has tightened the criteria for banks when granting mortgage loans. The central bank's decision comes after an analysis that shows significant credit growth in the segment and its acceleration in the second quarter of the year. The measure is preventive. 

The ratio between the amount of the loan secured by residential real estate and the value of the collateral at the time of granting should not be higher than 85%, the BNB decided. The ratio between the amount of current payments in connection with servicing the debt and the borrower's monthly income at the time of granting should not be higher than 50%. The maximum term under the loan agreement should not be longer than 30 years. The requirements come into force from the beginning of next month and are valid for banks and foreign branches, the BNB specifies.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

How will the adoption of the euro affect real estate prices in Bulgaria?

The expected adoption of the single European currency from January 1, 2026 is one of the many topics dividing society. In addition to being a cause for political quarrels, the euro is also a cause for concern among some Bulgarian..

published on 5/21/25 11:35 AM

The wealth of Bulgarians reaches a historic high - study says

At the end of 2024, Bulgarians' wealth hit a record high of 1 trillion leva (€511.29 billion), which is five times higher than the gross domestic product.  According to a study by the Expert Club on Economics and Politics, reported by BNR's Natalia..

published on 5/20/25 2:16 PM
President Rumen Radev

Bulgarian President invites Japanese businesses to invest in Bulgaria at forum in Tokyo

Bulgarian President Rumen Radev extended an invitation to Japanese business to invest in Bulgaria . This happened during an economic forum in Tokyo organized by the Japan External Trade Organization JETRO .  At the forum, Radev who is on..

published on 5/20/25 10:52 AM