In short, a mortgage loan is a loan that is secured by real estate. In this case, Light Finance is providing you with a loan where a mortgage is created in our favour on real estate that we do not own. We offer mortgage loans for both individuals and legal entities.
The term of the mortgage loan varies, but we always consider your needs, agreeing on the best option, taking into account the amount of recurring payments and your ability to repay your monthly instalments.
Because we value your time, the application steps are extremely quick, easy and convenient. The whole process only takes a few minutes.
We transfer the amount to your account.
We sign a contract and mortgage
We will discuss the conditions and documents required
One of our most popular loans is the One Year Loan, which is for a term of 12 months and has a fixed annual interest rate of just 10%. It’s ideal for you if you don’t want to commit to a long-term loan and plan to pay it off over a shorter period. One of the main requirements is to have an employment contract with a minimum social security threshold of 2000 BGN.
On the other hand, many of our customers prefer the so-called “Revolving Credit“, which is for a period of up to 36 months. It is suitable for you if you don’t want to draw the whole amount at once, but only a part of it according to your needs. The convenience of a revolving credit is that you can use a small portion of the total funds lent and repay them quickly. That is, you determine when and how much you want to absorb.
Last, but certainly not least, is Credit Standard, which is for up to 120 months and for which we have no specific requirements. As the name suggests, this is the type of loan that many of our customers prefer and is a good option when it comes to larger amounts.
We are proud of many of the terms and conditions we can offer our customers, such as competitive rates, the ability to reduce your interest rate with the “Rate for You” program, repayment plans tailored to your income source, and many other preferential terms.
We know that our clients have different needs and goals, so we always strive to provide tailored solutions. Whether you need a loan to bring a little more beauty into your home, or for the purchase of something long-awaited and special for you, we are sure to be able to provide you with the loan you need. In other words, imagine a Swiss army knife with multiple uses for every moment, and we at Light Finance can offer you credit for every need.
We are ready to say “Yes” to you,
even when the bank has told you “No”