OREANDA-NEWS. October 27, 2009. BSGV has decreased considerably mortgage loan rates. The minimum rate has been reduced by 2.5% in rubles, 1.75% in US dollars and by 1.5% in euros. Since October 19, the minimum mortgage loan rate is 14.25% for ruble loans, 12% per annum for euro loans and 9.75% for dollar loans, reported the press-centre of BSGV.

The new rates will enable people who want to buy an apartment or house to take a loan under conditions close to those before crisis, which extends the clients’ opportunities due to lower real estate prices in comparison with 2008.

The rate also depends on the initial installment and loan term (the minimum downpayment is 30% of the real estate value) and loan term (1-25 years).

Among new BSGV offers there is “Property Improvement” program and “Pledge” program. Both of them mean a loan under the pledge of the apartment, cottage, plot in property; the peculiarity of the programs is purpose confirmation.