OREANDA-NEWS. November 29, 2010. The RealtyPress.ru portal has ranked Sviaz-Bank among the 25 biggest banks that offer mortgage loan programs in the secondary real estate market. According to the rankings of mortgage issuing banks in October 2010 just published, Sviaz-Bank places 14th among the lending institutions that put their most-wanted offers on the domestic mortgage market, reported the press-centre of Sviaz-Bank.

The survey covered programs available from banks for housing purchases for Russian rubles on the secondary market. The banks’ programs were compared according of four basic criteria (size of the minimum down payment, maximum mortgage period, maximum mortgage loan, and interest rates) and a supplementary criterion (Forbes reliability rating).

The researchers came to the conclusion that domestic banks keep up efforts to make the terms of their mortgage programs more attractive. “This past summer, lending institutions focused on lowering the down payment, while early in the fall they definitely switched over to interest rate cutting,” the survey says. “Obviously, the trend to trim interest rates will hold for some time to come.”