The FINANCIAL — On 1 February 2010 new terms for Raiffeisenbank’s mortgage lending come into effect: interest rates will be cut on all mortgages products.
If payment-protection insurance has been taken out, interest rates on mortgages to buy property on the secondary market are to be cut to 14.5% APR (from 15.5%), on mortgages to buy property on the security of a flat that you already own — to 15% APR (from 16%), and on any-purpose mortgages on the security of a flat that you already own — to 17.5% (from 18.5%); if no payment-protection insurance has been taken out, interest rats are to be cut to 17.5% (from 18.5%), 18% (from 19%) and 20% (from 21.5%), respectively.
Raiffeisenbank made earlier changes to its mortgage tariffs in December 2009, when it cut the interest rates and fees on its mortgages and extended their terms.
The changes to Raiffeisenbank’s mortgage products are being introduced simultaneously in every region where the Bank operates.
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