OREANDA-NEWS. December 21, 2009. The Bank of Moscow, in conjunction with Miel-Novostroyki, offers special mortgage credit conditions for those who choose to purchase flats in the multi-functional residential complex located at: Moscow, 1 Nagatinksy proyezd, 11 — this is done in the context of the special mortgage project "Nagatino".

The credit terms offered at the stage of construction compare favourably to the standard mortgage credit programme. For instance, the interest rates here are more than 3 percentage points lower than the rates provided by the standard programme.

The interest rates — provided the potential borrower has paid an initial installment in the amount of 30% and more of the cost of the flat purchased —  are:
at the stage of construction: 15,75% per annum in Russian rubles and 10,75% per annum in US dollars and euro;
after registration of the right of property: 14,75% per annum in Russian rubles and 9,75% per annum in US dollars and euro.

The Bank of Moscow offers competitive rates for mortgage loans within the framework of the "Nagatino" project, — says Andrei Lapko, the Vice-President of the Bank of Moscow. — Purchase of a flat in this multi-functional residential complex as early as at the stage of construction will mean a valuable long-term investment for our clients".

More information concerning the flat purchase loan for the case of the primary housing market can be found at www.bm.ru/ru/personal/mortgage/purchase_apartment_primary/