OREANDA-NEWS. November 26, 2014. Sviaz-Bank (Vnesheconombank Group) has been joined by Lider FCC (Financial Construction Corporation), a leading property developer, in offering special mortgage options at a minimum interest rate of 8.5% per annum, the lowest yet, in the first year of mortgage contracts.*

The low-interest option applies to three new residential projects – M-House (Property 25, Buildings 1 and 2) residential complex at 25, Kirovogradskaya Street, Moscow, Novoye Tushino (Buildings 4, 5, and 6), 500 meters from the Moscow Ring Road, next to the Planernaya, Skhodnenskaya, Tushinskaya, and Pyatnitskoye Highway underground stations, and Novoye Izmailovo neighborhood (Buildings 11 and 12), two kilometers from the Moscow Ring Road on the Entuziastov Highway.

A down payment of up from 50% of the price of the housing to be purchased entitles the borrower to an interest rate starting at the 8.5% minimum in the first year of the mortgage, saving the borrower more than 200,000 rubles in interest payments in the first year of the mortgage.

“It is hard today to overstate the significance of special offers and discounts in the residential property market. Regardless of the economic situation in the world, having decent housing for themselves and their children is still people’s basic need, and as a socially oriented financial institution, Sviaz-Bank jointly with leading Russian property developers gives its customers a chance to fulfill this need,” said Olga Oleinik, Vice Chair of Sviaz-Bank’s Management Board.

*The option is effective until December 31, 2014.