New Better Terms of MBRD’s Mortgage Programme “For Any Purposes”

According to its client-oriented policy MBRD has enhanced its mortgage lending programme by expanding the range of eligible borrowers and security. Now the categories of eligible borrowers include not only employees but individual entrepreneurs and business owners as well. By the moment of application the business of such potential borrower has to be just 12 moths old.

According to new terms of the programme the Bank provides loans secured by the pledge of flat or apartment and by the pledge of land and houses owned by the pledger.

This new mortgage lending programme has advantages for different client groups:

• possibility to get money before the state registration of pledge
• prepayment option strating the third month of loan
• loan up to 70% of value of pledged property
• loan tenor – up to 10 years.

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