Fixed or Floating Interest Rate
Fixed or floating interest rate for housing and mortgage loans – which one should I choose? Interview with Maria Petkova, Owner and Manager of Credit Choice Ltd.
Full List of Documents for a Bank Loan
How to Prepare Successfully? Applying for a bank loan—whether consumer, residential, or mortgage—requires serious preliminary preparation and a precise set of documents. Good organisation is crucial, as the absence of even a single document can lead to unpleasant...
Financial Security and Preparation for Bank Loans
How Preparation Increases Financial Security in the Bulgarian Lending Market Financial strain rarely arises at the exact moment a loan agreement is signed. In most cases, stress results from a lack of clarity, incomplete information, or the need to act hastily. This...
New Key Account Manager
Interview with Plamena Miteva The newest Key Account Manager at Creditchoice Ltd. Plamena Miteva joined the Creditchoice Ltd. team in 2024 as a Credit Consultant. She quickly established herself as an exceptional professional, distinguished not only by excellent...
Why More and More People Choose a Credit Intermediary
What changes when you are not alone in making the decision A decision regarding a loan is rarely taken lightly. Whether it is purchasing a home, refinancing, or making another major financial move, it is a commitment that lasts a long time. That is precisely why the...
The Euro and Mortgage Loans in Bulgaria
A Practical Perspective from Creditchoice Ltd. – a BNB-Registered Credit Intermediary As of January 1, 2026, the Euro is the official currency of Bulgaria. For many, this is a significant transition, especially for those holding a mortgage or planning a home purchase....
How Long Does it Take to Get a Mortgage Loan Approved and Disbursed?
Taking out a mortgage loan is one of the most significant steps in the financial life of anyone dreaming of owning a home. One of the most frequent and important questions we receive from our clients is: “How long will it all take, from application to the disbursement...
Successfully Completed BNB Audit
Successfully Completed Audit by the Bulgarian National Bank under the Consumer Real Estate Credit Act.
Debt-to-Income Ratio
What is the Acceptable Debt-to-Income Ratio? At Creditchoice Ltd., we work daily with people dreaming of their own home or better terms on their mortgage loan. One of the most frequent questions they ask us is: “What portion of my income should ideally go...
Specifics of Purchasing an Atelier
Specifics of Purchasing an Atelier in Sofia The real estate market in Bulgaria offers not only classic apartments but also so-called ateliers—properties with a specific legal status often used for both creative activities and residence. Address Registration in...
BNB with Changes in the CCR
BNB with Changes in the CCR: A More Secure Market and a New Role for Credit Intermediaries The Bulgarian National Bank (BNB) is introducing important changes to the Central Credit Register (CCR) effective from 2026, aimed at limiting abuses and increasing consumer...
Myths and Truths About Loans
Myths and Truths About Loans – Common Misconceptions vs. Reality More and more people in Bulgaria rely on loans – whether mortgages, consumer loans, or credit cards. Over the years, we have worked with thousands of clients seeking the best way to finance their dream...
The Euro and Financial Instruments
The Euro and Financial Instruments: What Will Change for Banks and Clients? The introduction of the Euro in Bulgaria is planned for January 1, 2026. This has been officially confirmed by the European Commission, the European Central Bank, and the Consultative Council...
What are My Rights as a Borrower?
Taking out a loan is a major step that carries responsibilities but also a range of rights guaranteed by law. Knowing these rights helps you make an informed decision and protects you from unfavourable terms or unfair practices. Here are the fundamental rights every...
New Business Development Manager at Creditchoice Ltd. – Vesela Georgieva
Interview with Vesela Georgieva We are pleased to share wonderful news – Ms Vesela Georgieva, until recently Key Account Manager, is taking on a new role in the company as Business Development Manager at Creditchoice Ltd. With over 20 years of experience in the...
Down Payment on a Mortgage Loan
Down Payment on a Mortgage Loan: Realistic Amounts and Expectations Purchasing a home is one of the most significant steps in anyone’s life. For most people, it is only possible through a mortgage loan. However, right from the start, a key question arises: what...
Difference Between Annuity and Reducing Instalments
What is the Difference Between Annuity and Reducing Installments? Both types of instalments are repayment plans that apply to principal and interest, but in different ways. They affect your monthly payment and the total amount paid over the life of the loan....
Fixed or Floating Interest Rate: Which Option to Choose?
Why is the choice of interest rate type key? When taking out a loan – especially a long-term mortgage – the choice between a fixed and a floating (variable) interest rate is of paramount importance. The lowest rate is not always the best; it is vital to...
Documents Required for a Mortgage Loan
Which documents are necessary for a mortgage loan? Applying for a mortgage loan is a significant financial step that requires precise preparation and complete documentation. The Mortgage Brokers at Creditchoice Ltd. simplify the process by providing individual...
Access to Offers from 16 Banks
Through us, you have instant access to the offers of 16 banks in Bulgaria Creditchoice is a registered and independent credit intermediary in accordance with the requirements of the Bulgarian National Bank (BNB), working with 16 banks in Bulgaria! As a credit...
Insurance and Additional Costs when Taking Out a Mortgage Loan
What stands behind the final price of a home bought with a mortgage loan? Purchasing a home with a mortgage loan is one of the most significant financial steps in any person’s life. It is a long-term commitment that requires careful planning and a realistic...
How Credit History Affects Your Chances of Getting a Loan
How does credit history influence your chances of obtaining a loan? Credit history is one of the most important factors that financial institutions consider when reviewing a loan application. It reflects the borrower’s financial discipline, past repayment...
I Love the Dynamics of the Work and the Opportunity to Help People Realize Their Dreams
Interview with Antonia Antonova Please introduce yourself and tell us about your professional experience so far. My name is Antonia Antonova, and I am a Mortgage Broker at Creditchoice Ltd. I have many years of experience in consulting and working with clients. I am...Partners
