The bank announced a new service – a guarantee of reducing mortgage rates linked to the key rate of the Bank of Russia. Details are provided by RBC with reference to the bank’s statement.
Author:
https://rb.ru/author/ntihonov/
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Now the bank’s clients can add this option to the contract when applying for a mortgage loan for housing under construction and completed housing. The rate reduction is allowed only once for any loan term. To use it, you must submit an application to the bank.
“If a client wants to reduce his rate when the key rate of the Central Bank is below 12%, the bank will offer a rate reduction to the market level for the refinancing product, which was the key rate of 12%,” said Artem Ivanov, head of the retail credit product development department at Alfa Bank.
The financial institution says the loan interest reduction will occur after the next reduction of the Central Bank’s official interest rate, and that this service is free of charge. Such a measure could support the mortgage market with high interest rates.
At the same time, for an additional fee, a similar option could appear on the secondary market, where there are no preferential programs. But experts say that such schemes often increase the banks’ profits and the borrower should carefully study his options.
Earlier, RB.RU reported that the requirements for issuing preferential mortgages with state support in Russia have become even stricter. Now, if the mortgage transaction does not meet the new criteria, the bank will not provide a preferential loan.
Author:
Nikolai Tikhonov
Source: RB
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