OREANDA-NEWS. November 07, 2012. The Sravni.ru portal has published the ratings of options most favorable to customers on the market for mortgage programs from Russian banks on the basis of its monitoring results, one of which puts Sviaz-Bank’s Your Mortgage program (standard terms) in the lead of the Top 5 mortgages without down payment, reported the press-centre of Sviaz-Bank.

Sravni.ru used its own loan calculation technique to search for the least expensive mortgages meeting the following criteria: housing cost – 3 million rubles, down payment – 500,000 rubles, loan period – 10 years, and region – Moscow. On the basis of these criteria, a mortgager covered by Your Mortgage program will have to pay 40,480rubles 50 kopecks in monthly installments, at a total cost of the mortgage running to 1,902,211 rubles 43 kopecks, which is the best option available in this mortgage category. The minimum interest rate payable under Your Mortgage program without down payment has been fixed at 12% per annum in rubles.

According to a survey conducted by Expert RA rating agency and RBC.Rating agency, Sviaz-Bank is among the leaders (in seventh place) of the mortgage market, with 5.6 billion rubles issued in mortgages as of July 1, 2012. RBC.Rating ranks the Bank third among banks in the amount of mortgages issued against the security of the borrower’s existing real property in the six months of 2012.