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News

01/02/2006

UNION BANK introduced new conditions for mortgage lending program

UNION BANK 1 February 2006 in all branches has introduced new terms of mortgage programs. Now available to the Bank's mortgage loans in rubles. The minimum interest rate for loans in U.S. dollars when purchasing flats in the secondary housing market is 10.5% per annum (instead of 11.5% per year previously), on the mortgage loans in rubles - of 14% per annum.

If you buy an apartment in a house built on the stage of investment is set rate 14% per annum in foreign currency (instead of 16% a year earlier), and 17% per annum in rubles. After registration of ownership of the flat rate is subject to reduction depending on the term loan.

Term of mortgage loans increased from 10 to 20 years, and also reduced the size of the initial contribution from 20 to 15 percent of the cost of buying an apartment.

UNION BANK and now has the most flexible credit facilities: review of the application of a minimum package of documents is carried out without the requirement to document verified income. With the new proposal for a mortgage loan program of the Bank has become one of the most attractive on the market.

Source: Bank "UNION"

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