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Raiffeisenbank cuts mortgage interest rates to 9.5%
January 9 2018
Raiffeisenbank cuts mortgage interest rates under «Real Estate Purchase Secured by an Apartment in the Property», «Real Estate Purchase on the Secondary Housing Market» and «Refinancing of Debt on Mortgage Loan of Other Banks» programs1.
Now the single interest rate on them is 9.5%. Under «Real Estate Purchase on the Secondary Housing Market» program, a loan can be provided for up to 30 years with a down payment of 15%. As a down payment, the borrower can use the maternity capital.
«We see an increase in public interest in housing purchase. The secondary real estate market has good potential for further growth, that is why we decided to improve lending conditions under «Real Estate Purchase on the Secondary Housing Market» program," Andrey Morozov, the Head of the Mass Market Management and Loan Product Department at Raiffeisenbank says. «In addition, today the refinancing program is in high demand among borrowers. At Raiffeisenbank, the number of new mortgage refinancing loans is about 50% of all new loans. I am sure that the next improvement in conditions will allow even more clients to profitably solve the housing problem.»
1Exept for loans provided for any purpose.
AO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. AO Raiffeisenbank takes the 14th place in terms of assets at the third
Raiffeisen Bank International AG is a leading corporate and investment bank in the financial markets of Austria and in the countries of Central and Eastern Europe. In Central and Eastern Europe, Raiffeisen Bank International operates an extensive network of subsidiary banks, leasing companies and a wide range of other specialized financial services providers in 15 markets (including Austria).
More than 50,000 employees serve 16.6 million clients in more than 2,400 branches, most of which are located in countries of Central and Eastern Europe. From 2005, Raiffeisen Bank International shares are listed on the Vienna Stock Exchange.
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