OREANDA-NEWS. October 25, 2010. Based on the results of the 23-rd Annual specialized trade exhibition "Real Estate 2010" OJSC Nordea Bank was granted the diploma "Best proposal for mortgage programs", reported the press-centre of Nordea Bank.

In addition the Bank was awarded for the design of the exhibition stand at the 23rd DOMEXPO International Real Estate Exhibition (Russian and Foreign Real Estate).

During the exhibition period Nordea Bank’s employees provided detailed advice on Nordea Bank’s mortgage lending programs and on mortgage programs in general to the visitors.

Currently the Bank is offering four mortgage lending programs. In addition to classical mortgage loan secured by the purchased property, Nordea Bank puts forward lending programs where houses or flats owned by the borrower or third parties are used as security against loans with targeted use or not confirmed. Under this program it is also possible to buy foreign property. Besides, the Bank proposes to purchase flats under new construction projects with the Bank’s participation.

Under these programs no mandatory pledge of available property is required before registration of the property right and new flat mortgage. The Bank grants mortgage loans ranging from 10 tEUR up to1 mEUR (or its equivalent in USD or roubles) with maturity under 30 years. The lending rates in EUR and USD start from 7% per annum and in roubles - from 9,5% per annum. Nordea Bank ‘s clients have the choice between differential or annuity payments. Moreover it is possible to grant loans without personal or title insurance.