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Mortgage loans – Primary Market Purchase
 
 
   
 
 

The bank offers you to buy an apartment or a cottage under construction with the help of our primary market loan program:

  
     
 
Major advantages of the program:  

Loan process at your door step

 

Quick processing of your application

 

Personalized service

 

No guarantors required

 

Tenor up to 20 years

 

Interest rates in USD starting from : 12,5% at construction stage and 10,5% after obtaining ownership rights

 

Interest rates in RUR starting from : 14,0% at construction stage and 12,0% after obtaining ownership rights

 

No restrictions for earlier prepayments

 

No fees for earlier prepayments after 6 months

 

Special offers with our partners

 
 
     
 

Loan security

Pledge or transfer of rights

Loan amount

Minimum:  15000 USD for Moscow region
                  20000 USD for Moscow city
Maximum: 750000 USD

Maximum Loan to value

Up to 85% of the property value under construction

Property location

According to the list of approved projects

Tenure

Up to 2 0 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

 
     
 

Ownership:

Real estate should be registered in common ownership of borrower and co-borrower after construction is completed. The bank accepts only spouses as borrowers and as owners of the property to be purchased.

Mandatory insurance:
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.

At the moment of loan issuing:
1. Life and Disability Insurance
2. Financial risk Insurance (depends on project under construction)

After ownership obtaining:

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

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