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VTB Bank Announced About the New Loan Offer

VTB Bank has announced about new loan offer – “Find a Home”.

The mortgage loan is worked out with the bank’s partner construction companies, which number exceeds 35 and the offer is suited to all types of customers. Interested entities will get detailed news in special zone of three branches of the bank.

Unlike the standard 9,98% (USD $), 7,95% (EUR) loan, the borrowers are not demanded to submit special documentation on bank transfers on “Find a Home”.

VTB Bank Announced About the New Loan Offer

Standard analogue loans are basically in USD and EUR, they are issued within 10-year term. The rate is determined by developers’ conditions , suburbs within 9%, central district – within 13,5% range through 10-year term.

However, the bank also has mortgage loan of variable rate in GEL, tied to refinancing rate (8%+8,25%=16,25%).