OREANDA-NEWS. February 14, 2014. City - XXI vek development company accredited residential complexes Albatross and Podsolnukhi (Sunflowers) with the Bank of Moscow.

 The bank's mortgage programme offers an interest rate that depends only on the credit amount and starts from 11.75% in rubles. If the initial instalment is below 20% of the apartment cost, the interest rate will increase by 0.6%. The  term of mortgage crediting is up to 50 years, and the minimal amount of  credit is 500 thousand rubles.

Currently the Bank of Moscow offers its clients a wide scope of mortgage crediting programmes: credits for purchase of apartments at  the initial and secondary markets, for construction of a house, credits under one documents - for salary/corporate clients. Besides the Bank of Moscow charges no fees for the consideration of mortgage credit applications, account maintenance, loan disbursement and repayment before maturity date.

"It is first of all our  clients who benefit from the extension of the list of our partner banks. They get a  wider selection of mortgage products for the solution of housing problems and  can better assess their possibilities when choosing an apartment. Besides it increases the clients' trust to the company's reliability and correspondingly the reliability of the deal. Banks are broadening their cooperation with developers that have a huge experience at the market, a good credit history, a conceptual approach to projects implementation", notes Vitaly Razuvaev, the Director of Commerce of the City - XXI vek company.

"Thanks to the cooperation with City - XXI vek our borrowers have an additional possibility to purchase new and comfortable housing in one of dynamically developing Moscow districts. In its turn the Bank is ready to make beneficial mortgage proposals", notes Georgiy Ter-Aristokesyants, the Director of Mortgage crediting department of the Bank of Moscow . "I am positive that our mutual cooperation will help many people to become owners of their housing in the nearest time".