OREANDA-NEWS. August 06, 2012. Through the partnership programme with State Mortgage Institution (SMI) Kreditprombank granted housing loans in the secondary market for a total amount of more than UAH 16.8 million, reported the press-centre of Kreditprombank. 

Let us recall that in the middle of 2011 the State Mortgage Institution in order to stimulate development of mortgage lending in Ukraine has resumed active operations to refinance housing loans in the secondary market.

According to Dmytro Kosyriev, the head of Product management division of Kreditprombank, thank to collaboration with SMI as of today the Bank offers such loans at favorable and comfortable for borrowers terms. “It should be also noted that since the beginning of 2012 the bank has provided already more than thirty housing loans in the secondary market that makes about 10% of total number of such loans granted in this year to customers by all 113 banks that are partners of SMI”, he said.

Fixed interest rate on this loan makes 15% per annum; the initial payment of customer is starting from 25% of the housing cost. Loans are granted with term of up to 30 years. Its maximum size makes up to UAH 1 million (depending on housing location). There are no monthly fees and hidden additional costs to customers. In addition, the Bank does not require additional collateral: loan collateral is purchased housing.