OREANDA-NEWS. August 10, 2012. Sviaz-Bank has accredited three new construction projects under its New Home mortgage program for Moscow Region in Balashikha town and Odintsovo and Povarovo townships, reported the press-centre of Sviaz-Bank.

The current List of the Bank’s approved construction projects includes a high-rise Odintsovo Park housing development and its social and utility infrastructure (Blocks 1, 2, 3, and 4) of Gratis Company, OJSC, residential houses in the Povarovo One development (Location K-1) of InvestStroy Company, LLC, and the New Izmailovo housing development (Blocks 5 and 8) of Balashikha City Company, LLC.

The Odintsovo Park housing development lies in Odintsovo district, Moscow Region, eight kilometers from the Moscow Ring Road, next to a forest park, one of the most environment-friendly areas in suburban Moscow. Apartments enjoy a high demand at the early stage of construction already.

The Povarovo One housing development is in the center of Solnechnogorsk district of Moscow Region, a short distance from the Loptsa and Radomlya rivers. The housing development is a fine place to live for families with children.

The New Izmailovo development stands just a kilometer from the Moscow Ring Road in Balashikha. Reaching Moscow central area will soon take 20 minutes by a speed tram line that is under construction now.

The minimum interest rate charged under the New Home program is 10% per annum in rubles. The maximum amount of mortgages is up to 30 million rubles. Mortgages are issued for terms of three to 30 years. The mortgager must make a first installment of at least 20% of the value of the real property he wants to purchase. No moratorium is imposed on early repayment of the mortgage.