On June 17, 2011 VTB Bank has lowered the requirements for initial payment when purchasing property to 20% of market value. The interest rate on new lending program will be 18.5% per annum.
"Reducing the requirements for initial payment allows you to significantly expand the range of potential customers who have a need for housing, but have managed to accumulate a substantial amount of down payment," - said the head of the mortgage Alexander Borschevich.
Commission for the issuance of the loan is 0.99% of the loan amount.
In the case of loans in cooperation with partners VTB Bank, expected reduction in the interest rate or amount of commission, in accordance with existing partnership agreements.