priorities of the Bank's newly opened offices in Yekaterinburg, Rostov-on-Don and Ufa will bring information on the Bank's credit products to customers and partners, forming of partnerships with real estate agents and mortgage brokers, ensuring a high level of customer service. In connection with an active access to the regional mortgage markets The Bank also announced the launch of a new program of mortgage lending in rubles, which will be offered by the Bank in all regions.
The new program will offer the following loan products:
APARTMENT: credit for the purchase of an apartment;
APARTMENT +: mortgage consumer loans for various purposes have collateral available to the client's apartment;
HOUSE: credit for the purchase of individual country house;
HOUSE +: mortgage consumer loans for various purposes have collateral available to the client's individual homes.
Loans are granted for periods of 1 to 25 years in the amount of 300000 to 15000000 rubles (depending on the region), up to 85% of the appraised value of laying flat, and up to 75% of the appraised value of the house lie the individual (as of the region). Interest rates are fixed and range from 11.9% to 13.25% per annum, depending on the loan product, borrower category and loan term.
President City Mortgage Bank Nikolaj Shitov both commented on the launch of the Bank in three New towns: «The strategy of the Bank involves active regional expansion and preservation of leadership positions in the mortgage market on a national scale. In line with this strategy we have in addition to the 6 regions of our presence will open new offices in the largest and fastest growing high potential economic centers in the country - Yekaterinburg, Rostov-on-Don, Ufa. In these cities, we see very strong demand for housing mortgage loans from residents and professional market participants - the real estate agents and mortgage brokers. Until the end of this year we also announced the opening 3 more offices of the Bank, thus bringing the end of the year the number of regions in which we operate to 12. As a Russian bank and was actively working on the regional mortgage markets of our country, we focus on lending in Russian rubles, which is why we are announcing today the launch of one of the most competitive mortgage programs in rubles at the market ».
