OREANDA-NEWS. April 27, 2011. Raiffeisenbank is improving its mortgage terms. For the "Primary market apartment purchase" financing programme, the interest rate before property ownership registration is reduced by 0.5p.p. Also, the same programme now offers mortgage lending in US dollars, and customers can confirm their income with a statement issued according to the standard bank’s form, reported the press-centre of Raiffeisenbank.

"Today we see a growth in construction of new residential property. We can also see a rising popular interest in buying apartments in newly built houses. The primary real estate market has a great potential for further growth, that is why we decided to make the terms of our the "Primary market apartment purchase" financing programme more attractive," says Andrey Stepanenko, member of the management board of Raiffeisenbank in charge of retail private individuals directorate.

Raiffeisenbank entered the mortgage market in 2003. ZAO Raiffeisenbank offers a wide choice of mortgage programmes, providing finance for purchase of a new flat before its construction, for purchase of a secondary-market property, and home equity loans.

For details on all mortgage programmes of ZAO Raiffeisenbank go to the official web-page.