OREANDA-NEWS. On June 08, 2007 Sviaz-Bank has launched a mortgage loan program, reported the press-centre of Sviaz-Bank.

Within the framework of the program, Sviaz-Bank offers mortgage loans under advantageous conditions in rubles for buying apartments, houses, or town houses on the secondary market, as well as loans for housing repairs. The loans are offered for up to 25 years at an annual ruble interest rate of 12%, with a total loan amount of up to 15 million rubles (depending on the region and program).

“A distinguishing feature of Sviaz-Bank’s mortgage loan programs is the flexible approach to corroboration of the Borrower’s income (under one of the programs, income corroboration is not required at all), as well as the possibility of obtaining a loan without making a down payment,” notes Sviaz-Bank’s Senior Vice-President Arkady Komyaginsky. Today a mortgage loan can be obtained in any Sviaz-Bank office in Moscow, as well as at the St. Petersburg and Ulyanovsk branches.

In the near future, all 36 of the Bank’s branches will join the mortgage loan program.