Home / Banking / VTB Bank Introduces New Product on Mortgage Credit Market
VTB Bank Introduces New Product on Mortgage Credit Market

VTB Bank Introduces New Product on Mortgage Credit Market

VTB Bank has introduced a new competitive loan on the mortgage crediting market. The new products is called as Target Mortgage.

 
The product enables borrowers to cover costs for purchase, building, repair of real estate or the existing mortgage loan.
 
The loan’s interest rate is the lowest one, VTB Bank representatives noted. The interest rate on EUR-denominated loan starts from 7% (effective interest rate is 7.78%), USD-denomintaed – 7.5% (effective interest rate is 8.4%).
 
The loan’s maturity period makes up 15 years. The co-participation rate starts from 0%. The maximum amount is 500 000 USD.