OREANDA-NEWS. October 7, 2011. Now, having an apartment or house with land on the secondary market one can improve his/her living conditions by purchasing home in a new house or apartment complex under the collateral of the existing real estate. In October 2011, Piraeus Bank has proposed a new mortgage program – mortgage loans on primary market under collateral on the secondary market belonging to the borrower or property guarantor.

"Mortgage lending is the priority for Piraeus Bank in retail business, that is why we pay great attention to the development of new mortgage offers with attractive terms. Beside, Piraeus Bank has recently entered the TOP-10 banks with the most favorable mortgage terms according to the rating of “Kontrakty” business weekly – Dmytro Musiyenko, Piraeus Bank in Ukraine board member and director of the branch network department, said. - New mortgage offer from the bank – mortgage lending on primary market under the collateral of housing on the secondary market for tenor of up to 20 years, with lending rate 16-16,5% per annum in hryvna (rate depending on the down payment). "
Customers can choose either annuity or standard method of repayment. Maximum loan amount is 70% of the cost of housing owned by the borrower or property guarantor (but not more than 100% of the property value on the primary market). Down payment is 1.5% of the loan amount, there are no other hidden fees or charges.