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14.09.2005
"VTB 24" significantly improved the conditions for the granting of mortgage loans to purchase housing on the secondary market.
As reported today Rosbalt in the press-service of JSC "Vneshtorgbank Retail Services", in particular, reduced interest rates, expanded the range of the length of the loan, reduced duration of the loan application and processing transactions.
"VTB 24" expanded the list of deadlines to provide loans for housing - increased to a maximum term of 25 years, the minimum was reduced to 5 years, so make a mortgage loan in the bank can be for 5, 7, 10, 15, 20 and 25 years. Were also significantly reduced interest rates for credit: get a mortgage loan in foreign currency can now be at a rate of 9.8% per annum in rubles - of 13% per annum. Early repayment of the loan is still possible, starting with the fourth month of using a credit without any restrictions and penalties.
An additional innovation was the liberalization of the approach to recording the family's income: now to calculate the maximum loan amount "VTB 24" takes into account not only the income of spouses, and their close relatives, that can substantially increase the size of the proposed loan.
In addition, significantly reduced duration of the loan application - now in most cases it does not exceed 48 hours. Registration of mortgage transactions will be carried out in a similar time frame. With regard to currency of loan, the borrower now has the opportunity to obtain a mortgage loan, not only in rubles and U.S. dollars but in euros.
Source: Rosbalt
