OREANDA-NEWS. April 18, 2014. A further four projects have been added to the list of housing complexes under construction accredited by Sviaz-Bank (Vnesheconombank Group) for the purchase of real property with funds under mortgages issued by the Bank:

Olgino Park housing complex at Shestaya Street, Buildings 1A, 2, and 4, Zheleznodorozhny;

Solar System housing complex at 3 First Construction Stage, Buildings 1-3, Northwest Communal Zone, Khimki;

Akvareli housing complex, Buildings 1 and 4, Center neighborhood, Balashikha; and

Butovo East housing complex, Buildings 32 and 33, Site 2, Bulatnikovskoye rural neighborhood near Bobrovo village, Leninsky district, Moscow Region.

Accreditations were given under agreements made with the developers.

All these neighborhoods are in suburban Moscow. Good transportation links to Moscow and local infrastructure developing at a fast rate make the purchase of real estate in nearest Moscow suburbs a bargain investment.

A loan can be contracted from Sviaz-Bank at an interest rate of 11.4% per annum in rubles at the construction stage, and at 10.7% upon acquisition of title to the housing. A loan can be taken out for a period of up to 30 years by borrowers who are at least 21 years old and 65 years old on the payback date. The minimum down payment has been reduced to 10%.

More detail about loan terms can be obtained in the Hypotec section of the Bank’s site or at its Contact Center’s telephone number 8-800-200-23-03 (calls are toll-free if made in Russia).