UBRD Reduces Mortgage Rate Down to 9.3%

19 October 2017 (12:16)

UrBC, Yekaterinburg, October 19, 2017. The Ural Bank for Reconstruction & Development (UBRD) keeps expanding its mortgage lending offers and has recently reduced the interest rate on its mortgage down to 9.3% a year (in case you buy a new home), the bank’s press service reports.

The offer holds for new homes offered by a number of developers in Yekaterinburg, Chelyabinsk, Ufa, and Perm. The UBRD does business with major housing developers such as Forum Group, Premier, StroyPanelKomplekt, SK Legion, YuU KZhSI, Gosstroy, and others. The bank cooperates with thirty partners to offer mortgages on homes in seventy apartment buildings all in all.

‘Mortgages are currently available at 10% a year on average. Working directly with housing developers gives the bank an opportunity to improve its lending terms and make mortgages even more affordable. Developers, in their turn, get new customers and improve their sales,’ says UBRD Mortgage Lending Director Lyubov Toropitsyna.

Toropitsyna says new apartment buildings get added to the list of available homes all the time; besides, the bank is now negotiating with developers in Novosibirsk, Tyumen, Kazan, and Kirov.

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