GenBank has launched a new mortgage program for new buildings

New Loan Program involves the provision of funds for housing in new homes, taken into operation. The only condition - the property right to the acquired dwelling must be issued before the end of 2010. On the main terms of the program "New from GenBank" credit is granted in rubles for a period of 3 to 30 years at an interest rate of 15% to 16% of pre-registration of ownership of housing under construction, and an interest rate of 10% to 11% annual post-registration of ownership of the constructed housing. Rate depends on the availability of registration of ownership of real estate, the size of down payment, the availability of private insurance, the availability of social deductions, including those provided for young families. In addition, the social deductions borrowers can receive based on: standards for Regional Development of the Russian Federation for each region; maternity capital, the availability of public housing certificate. If the borrower satisfies the requirements of multiple people at once, put it deducted from the interest rate are summarized. Maximum loan amount - up to 8 million rubles for Moscow and the region, and up to 4 million rubles for other regions where the Bank: Omsk, Rostov-on-Don, Novosibirsk, Krasnoyarsk, Sochi, Krasnodar and Volgograd. Benefits of the program are: the ability to reduce the interest rate to 10% due to the social deductions, there is no need for additional sponsorship opportunity to attract up to 2 co-borrowers (and not just relatives), the lack of fines and fees for early repayment, lower interest rate on stage after the registration of ownership on the housing built, when compared with the classical bank lending program - "GenIpoteka. "We hope that with the help of our mortgage programs, many families and especially young ones, can quickly and easily solve their housing problem, and start a new life in a new apartment»