OREANDA-NEWS. April 08, 2011. AMT BANK softens requirements to mortgage borrowers again. The Bank is cutting the amount of an initial contribution under all mortgage programmes fr om 20% down to 15% of the value of real estate being purchased, reported the press-centre of AMT BANK.

Now, customers, when having their loans given, may receive as many as 85% of the value of a flat strait away. Moreover, withdrawing funds fr om the loan account of the customer, at the time of giving a loan, is free of charge. Considering and analyzing mortgage applications at AMT BANK are also free of charge.

The new terms and conditions of mortgage lending cover both ruble and dollar programmes and are valid for all categories of customers in all regions of the Bank’s presence.

In addition to the above, according to the new terms and conditions of mortgage lending, AMT BANK expands the number of geographical locations wh ere it gives mortgage loans. In particular, the Bank started mortgage lending for purchasing housing not only in Novosibirsk, wh ere the Bank’s branch is opened, but also in the Novosibirsk region, the population of which numbers 1 mln people.