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News

30/11/2006

Alfa Bank has reduced the initial payment on mortgage

Interest rate - from 9.7% per annum.

As part of the development direction of the mortgage Alfa Bank lowered the initial fee for a standard loan for the purchase of flats in the secondary housing market from 20% to 15%. Credit is granted for a period of 5 to 15 years. Interest rates range from 9.7% in U.S. dollars and from 11,7% in rubles.

parallel continues to operate another type of mortgage for which the sum of the initial fee is 10% of the value of the apartment. In addition, on the credit for buyers of housing in St. Petersburg and Nizhny Novgorod, Alfa-Bank increased the term loan of up to 15 years and cut interest rates to 11.5% in dollars (earlier - 11,9%) and 13.5% in rubles. In addition, achieving the balance outstanding on the loan to a fixed value of the bank interest rate will be reduced to 9.7% in U.S. dollars and 11.7% in Russian rubles, which corresponds to the conditions of credit with an initial contribution of 15%.

Source: RBK.Kredit

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