Alliance Bank Recommenced Mortgage Loans Issue
OREANDA-NEWS. September 03, 2010. Alliance Bank (Almaty), common and preferred share of which are admitted to circulation on Kazakhstan Stock Exchange (KASE) in the Unlisted Securities sector, informed KASE that Alliance Bank launched the mortgage crediting program on unique for the market of Kazakhstan terms: a primary contribution - from 10%, a rate - 13% APR, reported the press-centre of KASE.
Alliance Bank tries to consider its clients interests and is flexible when forming the borrower package of documents: an income can be confirmed partially and can be involved a co-borrower. A lineal relative can be a co-borrower without pension age limitation, which is the product advantage.
The loan amount makes up from KZT1,100,000 to KZT30,000,000. The bank issues the loan up to 90% from a real estate cost in case of full confirmation of incomings of a borrower and up to 50% in case of partial confirmation. Immoveable property is collateral: an apartment or house. The loan is issued in all Alliance Bank affiliates.
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