UBRD Drops Mortgage Rate to 7.9%

UrBC, Yekaterinburg, July 18, 2018. The Ural Bank for Reconstruction & Development (UBRD) will be offering lower interest rates on mortgages for existing homes and those currently under construction (by the bank’s trusted developers) starting July 17, the bank’s press service reports.

You can apply for a mortgage at 7.9% a year (8.9% a year once the special offer no longer applies). You can find the list of the UBRD-authorized developers on the bank’s website, under Mortgage.

The bank is also offering a greater discount for those who manage to go through with all the paperworks in under thirty days: the interest rate will go down another 1% (0.35% once the special offer no longer applies). For one, if you apply for a mortgage refinancing scheme (with the mortgage issued previously by another bank), your interest rate will start from 8.5% a year; if you apply for an existing home mortgage, you interest rate will start from 8.75% a year.

Both offers hold through September 17.


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