OREANDA-NEWS. October 13, 2009. The "Unibank" represents the new program of mortgage loans with the improved conditions, reported the press-centre of Unibank.

Within the framework of the program credits are given for acquisition of real estate from the primary and secondary markets. Credits are given both in currency and in drams.

For the credits directed on acquisition of apartments, the minimal advance payment is established 30%, the annual interest rate makes 16%, the term-12 years.

Conditions of credits of business areas are the following: advance payment - from 30 %, annual interest rate- 18 %, term-10 years. The program of mortgage crediting includes also the credits directed on repair of real estate.

We will notice that the creditor can carry out full or partial repayment of the credit without charges. The director of mortgage credits Tigran Gevorgyan has noticed that the purpose to work out the conditions is an attempt to make mortgage credits available to the majority of the population. The portfolio of mortgage credits of the Unibank exceeds 12.7 billion drams, and by the end of the year there is a tendency to reach 15 billion drams.