OREANDA-NEWS. February 28, 2012. Now Universal Bank’s customers can improve their living conditions by taking advantage of the new mortgage loan offer of Universal Bank with one of the lowest rates at the market.

The lowest interest rate on the mortgage loan at Universal Bank is from 14.95% per annum at loan amount up to 70% of the housing cost.

Mortgage loans are available in UAH for a period up to 20 years. This interest rate is fixed during first 12 months with following change to floating rate* till the loan agreement expiry. Each customer will be able to choose the payment method that is most convenient for him: equal payments (annuity) or the classic (standard scheme).

“We understand that buying a home with mortgage loan is one of the most important and serious decisions in our life. That is why Universal Bank regularly reviews loan terms to make them more affordable and convenient for its customers. Today we are pleased to offer one of the most competitive offers on the market, which combines two major factors: an attractive price and the highest level of service offered by our bank”, said Miltiadis Papanikolaou, CEO of Universal Bank.

* A floating interest rate is comprised of two parts: part one is the base rate** which is revised 4 times per year, and part two is the margin of the bank.

**The base rate is equal to the value “of an interest rate on deposits drawn on individual bank accounts during the reporting period by currency and maturity date (annual average weighted percentage rates, in percents per annum)”, up to one decimal place, in national currency of Ukraine with a maturity up to 1 (one) year. The value is officially announced by the National Bank of Ukraine (“NBU”) and posted on its official web site (http://www.bank.gov.ua/control/uk/index, Statistics section/Statistics bulletin, section No.4, Financial markets, pp. 4.1.2.11, column 9), as well as published in the NBU’s official documents, in the “Newsletter of the National Bank of Ukraine” in particular.