YUIT Moscow and Raiffeisenbank are offering a joint lending programme for the primary real estate market. Under the programme, loans are offered for the purchase of projects still under construction and acquired through share participation contracts. The Bank has approved a number of projects still under construction in the Moscow Region in the cities of Balashikha, Zhukovsky and Shchelkovo.
Under the new programme, the minimum loan is 500 000 roubles, the minimum downpayment is 15% of the cost of the property being purchased. The interest rate before registration of the collateral for a flat starts at 15.5% (14% annual after property rights are registered); the loan period is
The Bank has also launched a special offer for the employees of its corporate clients. Interest rates have been cut by another 0.5% and begin at 15% annual before registration of collateral for the flat and 13.5% annual after property rights have been registered. Additionally, loan fees for clients of YUIT Moskoviya have been eliminated.
Andrey Stepanenko, a Member of the Board, Head of Retail Private Individuals Directorate, emphasized: «It is now quite clear that the primary market for mortgage loans is on the rise, and we are very pleased to again offer our clients a loan programme for purchasing flats in new projects. I am certain that the attractive terms of our new programme will be accessible to a larger number of families wishing to upgrade their housing conditions.»
We invite you to acquaint yourself with the detailed terms of all the Bank’s mortgage loan programmes on our official website at «Raiffeisenbank Mortgage Loans».
YUIT Moskoviya is a Russo-Finish investment and construction company and part of Finish YIT Construction. The company’s projects are located in cities in the Moscow Region. Currently, assets include 34 multi-flat blocks and 146 townhouses, completed and offered for sale. The total number of flats is 5 355, according to data as of 1 April 2010.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is ranking 9th in terms of assets among the Russian banks based on H1 2010 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 6th in Russia in terms of private deposits and 9th in consumer lending in Russia based on H1 2010 results.
Raiffeisen International operates one of the largest banking networks in CEE, covering 17 markets across the region through subsidiary banks, leasing companies and a range of other financial service providers. The group’s nearly 56,000 employees service around 15 million customers via more than 3,000 business outlets. Raiffeisen International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB), which owns 72.8 per cent of the common stock. The remainder is in free float, with the shares listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group.