Russian Mortgage Bank , to create which is the massive sales of the standard mortgage loans, has begun full-scale program of mortgage lending.
C November 2004. Bank has worked in test mode, otlazhivaya technology and business processes. Currently, the bank gives 10-15 credits per week, and before the end of the year will increase this figure up to 250 credits. The goal is that the monthly amount of credit will be 12-14 million dollars, while total lending in 2005 - 150 million dollars.
Russian Mortgage Bank is developing its mortgage programs on the territory of the Moscow region. Credits are issued in U.S. dollars. The loan amount is set in the range of 10 thousand dollars to 150 thousand dollars. The minimum amount of down payment is 15% of the value of the apartment, the interest rate for credit - 11% per annum.
Promotion credit programs Russian Mortgage Bank will be carried out primarily through real estate agencies. In the near future will be a multifunctional web portal that provides an opportunity to direct clients to the bank and receive a credit decision on-line. In the future, these customers will be directed to accompany the mortgage transaction and the collection of documents in the real estate agencies that are partners of the bank.
"We intend to create a real working bank, put into practice one of the main areas of affordable housing , - says Galina Simonova, Chairman of the Russian Mortgage Bank. - Our plans - achieve significant sales through the transformation of the mortgage loan to a consumer product, and offer customers the most simple and sophisticated procedures associated with obtaining a mortgage loan ".
"We have a mortgage loan is already a family whose income is between 1 000 dollars a month. In addition, the current development of hypothec recognized as one of the priorities of both social and economic development . We expect that this will also contribute to the rapid growth of the bank and securing for him a leading member of the mortgage market ", - said Galina Simonova. 
Source: M3-Media
