Societe Generale Expressbank with New Special Housing Loan Offer

Finance | September 5, 2012, Wednesday // 16:46|  views

The bank offers lower interest rates in leva and euro and no fees for preliminary repayment of the loan until 31st of December 2012

Sofia, 5th of September, 2012

Societe Generale Expressbank announced new promotional conditions on its housing loans to be valid until 31st of December 2012.

The bank equalized and further reduced the interest rate levels for loans in euro and leva up to 20 years.

Additionally, there is no preterm repayment fee with own funds after the 3rd year of the loan. The interest rate for a 15-years loan is 6.95%, whereas for loans from 15 to 20 years it is 7.25%.

"Our new promotional offer has extended term and even lower interest rates for loans in leva and euro, which gives our clients additional opportunities to buy their own home", said Nataliya Lakova – "Credit products" manager at Societe Generale Expressbank.

Further to the a/m conditions, Societe Generale Expressbank offers no fee for processing the loan application and no management fee. The life and property insurance for the duration of the loan provide extra security for the whole period of the house loan.

Clients can ask for more information in all 150 offices of Societe Generale Expressbank in the country.

Example for housing loan from Societe Generale Expressbank:

_ Amount of the housing loan: 50 000 BGN

_ Term: 20 years

_ Interest rate: 7.25%

_ APR: 7.73%

_ Monthly installment: 395.15 BGN

_ Total amount due: 95 815.19 BGN

_ Utilization fee 750 BGN

_ Maintenance fee for the current account - 1,79 BGN or 0.92 EUR/month.

_ No fee for processing the loan application

_ No management fee.

_ Need of life and property insurance for the duration of the loan

Societe Generale Expressbank Group is one of the top ten leading financial institutions in Bulgaria. It is composed by the bank Societe Generale Expressbank and its subsidiary companies - Sogelease Bulgaria, Societe Generale Factoring and its associate life insurance company Sogelife Bulgaria.

Together with its 1500 employees, Societe Generale Expressbank aims to offer customers comprehensive, flexible, high quality, innovative products and services on advantageous price conditions.

The bank has received various prestigious awards amongst which "Best Bank in Bulgaria" for 2012 by the international financial magazine Euromoney. Societe Generale Expressbank received also confirmation from Fitch Ratings - 'BBB+' with positive outlook, which is the highest rating, given from Fitch to a financial institution in Bulgaria.

_ 99,74% of the capital is property of Societe Generale Group;

_ BGN 52 M Net profit of Societe Generale Expressbank as for 2011;

_ BGN 173.2 M Net banking income as for 2011;

_ BGN 3.5 B Total assets as for 2011

_ 150 sales points;

_ More than 360 000 clients.


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Tags: Societe Generale Expressbank, societe generale, Societe Generale SA, loan, credit, bank, banking, Sogelease, housing loan


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