Oschadbank Offers 20-Year 12% Rate Mortgage Program
OREANDA-NEWS. November 29, 2011. TMM Company in partnership with JSC "Oschadbank" started a loan program for buyers of completed properties in TMM's projects in Kyiv and Kharkiv – a 20-year 12% rate mortgage in local currency with a minimal downpayment of 30% of the total property value and repayment by equal parts.
The offered program is applied to 7 residential complexes put into operation by TMM in Kyiv and Kharkiv, including the first stage of Sonyachna brama complex.
Alexey Govorun, Deputy CEO of TMM: "Together with Oschadbank we are glad to offer our customers the most attractive 20-year mortgage rate in the current lending market*. Moreover, TMM and JSC "Oschadbank" are finalizing development of the mortgage program for buyers of real estate in TMM's projects at the stage of construction".
Parameters of JSC "Oschadbank" mortgage program for buyers of apartments in TMM's projects:
Interest rate: 12% in national currency with repayment by equal parts;
Downpayment – from 30% of the total cost of property
No additional collateral;
Term of loan – up to 20 years;
The loans are provided for purchase of housing in the following projects of TMM:
Sonyachna brama residential complex (1st phase), 73-79 Lomonosova str., Kyiv;
Aviator residential complex, 26 Komarova ave., Kyiv;
Cascade residential complex (buildings 1 and 2), 22 Kuznechna str., Kharkiv;
Edelweiss residential complex, 10b Olympiyska str., Kharkiv;
Carat residential complex, 6 Potebni str. Kharkiv;
Flamingo residential complex, 13 Bakulina str., Kharkiv;
Ultra residential complex, 20 O. Yarosha str., Kharkiv.
* according to mortgage rating as of 28.11.2011 by "Prostobank Consulting"
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