OREANDA-NEWS. February 14, 2014. The Bank of Moscow launched a new programme called Easy Mortgage. The credit is extended based on two documents under a simplified procedure on condition of an initial instalment not less than 35% of the real estate cost.

Easy Mortgage covers the following programmes: Refinancing of mortgage credits of other banks and Acquisition of housing on the secondary market.

The credit is offered in rubles, euro and US dollars for a term from 3 to 20 years at the rate of 13.25%. The maximum credit amount in Moscow, the Moscow Oblast, Saint Petersburg and Leningrad Oblast is 15 mln. rubles, in other regions - 8 mln. rubles.

Within the framework of Property to fit every taste programme for salary and corporate clients the rate will be 12% per annum. The programme is open till 31.05.2014.

"We continue to work at creating new and optimizing the existing product solutions for mortgage crediting so that our clients can choose not only real estate objects but also variants of crediting", commented Georgiy Ter-Aristokesyants, the Director of mortgage crediting department of the Bank of Moscow.