OREANDA-NEWS.  The Bank of Moscow has launched an offer as part of which the interest rate on mortgage credits for purchases of residential real estate in the secondary market is reduced.

According to the terms of the offer, any customer may purchase any apartment, cottage or townhouse in the secondary market at the rate of 11.5% or higher in Russian rubles contributing a down payment of 20% or higher and paying no administration, front-end or early repayment fee. The maximum credit term is 30 years.

The action is valid until May 31, 2014.

"We always do our best to provide our corporate and payroll project customers with most interesting offers confirming our mutually beneficial partnership relations. The new offer will help use a mortgage credit amount to buy real estate on even more attractive terms", commented Georgy Ter-Aristokesyants, Director of the Mortgage Lending Department of the Bank of Moscow.