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News

22/03/2006

MDM Bank announced a lowering of interest rates on mortgages

MDM Bank has reduced interest rates on the investment program of mortgage lending and mortgage lending for the purchase of real estate at secondary market.

Interest rates on mortgage loans issued for the purchase of apartments in new buildings and in the secondary market, reduced to 9.9% in U.S. dollar/euro (10,9% in rubles) for up to 3 -- years, 10.9% in U.S. dollar/euro (11,9% in rubles) for a period of up to 5 years and 11.9% in U.S. dollar/euro (13,9% in rubles) for up to 10 -- years.

In connection with the investment mortgage interest rates specified act after the registration of ownership of real estate purchased. Interest rates on mortgages issued prior to registration of ownership of a flat, reduced to 14% in U.S. dollar/euro and 16% in rubles.

Also introduced more attractive lending programs to purchase housing on the secondary market - the original contribution was reduced to 15% of the cost of buying an apartment.

As the Head of the retail market, MDM-Bank Ivan Artamonov: "We hope that lower interest rates and down payment would make our conditions more attractive and accessible ". " In the future this should enable the bank to expand our partnership network to provide services to mortgage lending ", - added Ivan Artamonov.

Source: Kredity.Ru

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