Mortgage loans are the most recently used loans from the banks. Very popular all round the more developed country, quickly became important part of banking and users' incomes in quickly increasing prices of Real Estates. The avarage interest level for the loan is about 7.65% yearly. The minumum amount that you may withdraw is 15000 EUR and the maximum amount is 500000 EUR. That will be enought for your own home in spite of your incomes and too little. The high interest level is making the people to pay much more than they are taking in large term. That is making the people poorer and this is taking the economy back. The tax about payment before the term is 5%.
   In Bulgarian the financial comittee still has no control over banks' work, which is one of the main features of financial operations in this country. Only the competition between the banks is decreasing the mortgage interest and you will not be sure that your bank will give you the best options for your mortgage loan.
    The low sallaries, the high level of inflation and the increasin of Real Estates prices are some of the main reasons of recesion in Bulgarian economy. The Banks don't help to the customers and country in no way, and the competition is too poor in this stage of economy development. The competition is mostly with some kind of lies into the ads - just like low interest for the first 1, 2 or 3 years, which they told that this is the interest for the whole period.