Hi All .
I am Danny and I moved to Sofia from London over a year ago. I have obtained 5 years right to stay over here and I am working full time for Google.
Me and my partner have just had a baby (few months ago ) and we decided to try to get a mortgage as we are both reasonably well paid . I was told that I need to live in Bulgaria for 5 years before I can receive any kind of credit .
Previously I was told that I need to have a full residency ID card and when my daughter was born , although I tried today and told I have to wait 5 years.
Has any expats got any advice regarding the credit situation as I really don't want to wait 5 years for this to happen.
Credit in Bulgaria.
Dannythehat
27 July 2015 15:08:25
1
kremesti
27 July 2015 15:55:12
4
buy something inexpensive in the villages around Sofia and pay cash
rami kremesti M.Sc.
Founder BONKA
kojidae
27 July 2015 23:42:12
588
There are a few banks that offer foreigners credit, at a much higher interest rate. (nearly 8% as opposed to 5-6%)... it is not ideal, but you may want to check that out, as not all banks offer it- I know fibank does, as well as unicredit/bulbank, and I believe OBB may have it as well. (I wish I had more info for you... you may already be trying for foreign credit?) For fibank and unicredit, I believe it is targeted at people who do not even have longterm residency, so you should be eligible.
Kris0x0
28 July 2015 16:14:29
150
Yes, Unicredit is a great bank, if you have a work contract you will be able to get credit. It will be good if you make a large deposit with them so they put you as a preferred client and then you can get a lot more done and even bend the rules a bit 
Maggiemo1
24 September 2015 22:16:21
10
If you register as business and open a business account you should have no problem gaining a mortgage there is foreign mortgages also, you don't have to own a business to open a business account
Mags
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