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News

16/01/2006

Absolut Bank has reduced rates on mortgages

Absolut Bank lowered the rate on loans to purchase flats in the secondary housing market to 10% in U.S. dollars. Rates apply to borrowers in Moscow, the Moscow region and St. Petersburg and the Leningrad region and are valid, including those for joint borrowers.

In addition, the Bank has twice lowered the commission rates charged for the loan. If the earlier consideration of an application for a loan worth $ 65 dollars for the employee and $ 165 dollars for the owners of the business, but now this amount is $ 30 and $ 60 respectively. The cost of re-examination of loan application also decreased by half: from $ 40 to $ 25. Changed and the commission for drawing up documents on mortgage transaction. Now it is $ 100 for apartments and $ 200 for cottages. Previously, registration of documents under the mortgage is $ 200 for the secondary housing for the primary - 1% of the loan, for country real estate - $ 200 and 1% of the loan amount, respectively.

Absolut Bank one of the ten leaders of mortgage lending. To date, he issued more than 1300 mortgage loans totaling more than 65 million $.

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