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Mortgage Loans - Loan Against Property
 
 
   
 
 
Loan Against Property product offers great advantages  
Loan process at your door step  

Personalized schemes to suit your needs  
Loan amount upto 85% of your existing apartment value for purchase another property and 70% of your existing apartment value for repair and renovation
  
Tenor upto 20 years for purchase of another property and upto 10 years for repair and renovation
  
Attractive rate of Interest  
Sanction within 3 working days after submission of all the necessary documents  
No prepayment penalty after 6 months of the loan period  
     
 
 

Loan type

Target use A
Target use B / Non-target

Purchase of the property of any type (primary market, secondary market, cottage, land) at any place in Russia.

Repair and renovation of the existing property.

Loan security

Registered Mortgage on the existing property

Loan amount Minimum
30 000 USD 		Minimum
30 000 USD

Maximum
500 000 USD

Maximum
250 000 USD

Maximum Loan to value

Up to 85 % of the existing property value

Up to 70% of the existing property value

Property location

Within 75 kms from MKAD

Within 75 kms from MKAD

Tenure

Up to 20 years

Up to 10 years

Currency

USD / RUR

Repayment mode

annuity payments (EMI)

Prepayment conditions

1 to 6 months - 2% prepenalty of the amount prepaid
From 7th month onwards - 0% prepenalty

Money release

Wire transfer to customer’s account

 
     
  Ownership:

The bank accepts only spouses as borrowers and as owners of the property to be purchased.


Mandatory Insurance agreements:

The bank accepts all the mortgage loans only with the mandatory insurance agreements covering the following risks for applicable amount for the entire loan period.

1. Life and Disability Insurance
2. Property Insurance against all the possible damages and destructions
3. Title Insurance

The bank should be the only beneficiary of all the insurance agreements.

  
     
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