OREANDA-NEWS. The Bank of Moscow launched a new offer for mortgage lending with unique conditions where the term of credit and the initial payment are not seen as key criteria and do not influence the cost of crediting: now the interest rate depends on one parameter only — the credit amount.

Thus, in Moscow and the Moscow region the interest rate for credits over 5 mln rubles will make only 11.75% p.a., for credits from 2 to 5 mln. rubles — 12.15%, for less than 2 mln. rubles — 12.85%. In the bank’s operations area the level of interest rates will be the same as in Moscow and the Moscow region, but the credit amounts will be different — less than 1 mln rubles, from 1 to 2 mln. and over 2 mln. rubles correspondingly. The interest rate for credits in foreign currency will be the same for any credit amount and equals 8% p.a.

"We are happy to offer our clients not only a new format of mortgage programmes that makes the conditions of mortgage lending more transparent and simpler, but also interest rates that are among the lowest at the market", commented Georgy Ter-Aristokesyants, Director of the Bank of Moscow Mortgage Lending department.