OREANDA-NEWS. November 10, 2009. Cascade Bank hereby informs that it has decreased the interest rates for loans: the basic interest rate for business loans in USD is 11% instead of the former 13%. Hereinafter, the Bank will also extend business loans in AMD at the basic interest rate of 13%, reported the press-centre of Cascade Bank.
 
The interest rates for other loan types have also been decreased, namely, vehicle loans are currently provided at the rate of 15-18% (instead of the former 17-20%). The Bank has started cooperation with KIA motors company, providing loans with advance payment of only 5%.
 
Mortgage loans, including those extended for the purpose of purchasing an apartment (house) are currently extended at 13-15% ((instead of the former 14-16%) and renovation loans – at 18% (instead of the former 22%). In cooperation with the company Glendel Hills, the Bank offers turnkey apartments in newly constructed buildings at the annual interest rate of 13%. 
 
Besides, the Bank has recommenced extending loans for purchase of heating systems at the annual interest rate of 22%. 
 
For further details, please contact Cascade Bank by phone number (010) 52-04-32 or visit the Bank’s head office located at 6 Deghatan Street.
 
The relevant information is also available on the website www.cascadebanking.com.