OREANDA-NEWS.    The Bank of Moscow announced a change in conditions on mortgage products. On average, mortgage rates dropped by 0.5 percentage points. Rates now depend only on the amount of a granted loan, and do not depend on crediting period.

In addition, together with the change in conditions on mortgage programs, the bank introduces a preferential rate for bank employees and a discount for holders of Platinum package amounting to 0.3% in roubles and 1% in foreign currency (if an amount of a granted loan is at least RUB 8,000,000.00 or USD/EUR 200,000.00 in Moscow and Moscow region and RUB 4,000,000.00 or USD/EUR 100,000.00 in other regions).

"The Bank of Moscow offers not only simple and understandable format of mortgage crediting to its clients, but also the lowest rates in the market. Besides, we have developed offers for clients of different categories. This, from our point of view, depicts a formed market demand," — commented George Ter-Aristokesyants, the Director of Mortgage Department of the Bank of Moscow.