UBRD Offers Discounts on Mortgages

20 February 2019 (09:13)

UrBC, Yekaterinburg, February 20, 2019. The Ural Bank for Reconstruction & Development (UBRD) is launching a special offer on its mortgage programs.

According to the bank’s press service, under the terms of the offer people applying for mortgage can get 0.35% off their annual interest rate if they manage to proceed with the deal within thirty days of the bank approving of their application. The final interest rate might be even lower than the base rate applicable to a particular banking product, be it a mortgage on an existing home, paying off a mortgage issued by another bank, or a mortgage partly funded with the federal subsidies for multiple-child families.

‘Getting a mortgage contact signed fast is important for both the bank and our customers in this ever-accelerating world. This is why we decided to encourage our promptly-acting borrowers with an additional incentive,’ says UBRD Marketing Director Alexei Merzlyakov.

For one, the UBRD can let you pay off a mortgage issued by another bank at 10.25% a year. If your mortgage application gets approved by the UBRD while the special offer holds, and you sign a contract for your new home within thirty days, the final interest rate might drop to as little as 9.9% a year.

The special offer holds through the end of the year.

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