OREANDA-NEWS. September 22, 2011. The drop in interest rates by 0.5-0.75% affects mortgages in rubles. The new mortgage interest rates are from 12.75% upwards, depending on the loan term.

"The reduction in the rouble mortgage interest rates under the programmes most in demand in the market is the first step towards improving the Bank of Moscow mortgage programmes and expanding the opportunities for using the Bank’s retail products", commented Oleg Pyatlin, Head of the Mortgage Department of the Bank of Moscow.