Raiffeisenbank will offer new mortgage terms effective from 1 June 2010, with rouble interest rates reduced by 0.5-1%.
According to the new terms, the mortgage rate on the secondary real estate market will be 14% annually, while mortgages secured with the borrower’s property will be offered at a 14.5% annual rate and general-purpose consumer loans secured by the borrower’s property will be offered at 16.5% per annum, subject to proof of income as confirmed by a
Moreover, fees on loans for real estate purchases in the secondary market and real estate purchases secured by the borrower’s property are reduced to 1%, while the fee for general-purpose consumer loans secured by the borrower’s property are reduced to 1.5% of the loan principal.
A special offer is also available to employees of Raiffeisenbank’s corporate customers and to Premium clients. From 1 June, interest rates on rouble and USD-denominated loans will be further reduced by 0.5%, to 13.5% and 10% per annum for real estate purchases in the secondary market; 14% and 10.5% p.a. for mortgage loans secured by the borrower’s property; and 16% per annum for general-purpose consumer loans with income confirmed by the
Interest rates are not dependent on the down payment or effective term of the loan.
For clients in Moscow and the Moscow Region taking mortgage loans from 1 June through 31 July 2010 there is a special competitive offer: «Celebrate your Move to a New Home.» The winner will receive a certificate to purchase a new kitchen from Forema—Kitchen.
Changes in Raiffeisenbank’s mortgage terms will be effective simultaneously across all regions where the bank is active.
Detailed terms for all of Raiffeisenbank’s mortgage programmes are available on the bank’s official Web site at: «Raiffeisenbank Mortgage loans».
ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is ranking 9th in terms of assets among the Russian banks based on Q1 2010 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 5th in Russia in terms of private deposits and 9th in consumer lending in Russia based on Q1 2010 results.
Raiffeisen International operates one of the largest banking networks in CEE, covering 17 markets across the region through subsidiary banks, leasing companies and a range of other financial service providers. The group’s nearly 56,000 employees service around 15 million customers via more than 3,000 business outlets. Raiffeisen International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns about 70 per cent of the common stock. The remainder is in free float, with the shares listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group.