DOWNPAYMENT FOR PROPERTIES IN I'M RESIDENTIAL QUARTER: 0%08/11/2016
Vozrozhdenie, one of the largest Russian commercial banks, has launched a new mortgage program: now buyers have an opportunity to buy a flat or apartment in the I'M residential quarter without making a downpayment.
Buyers of apartments in the I'M elite residential quarter can avail themselves of the new offer of a 0% downpayment mortgage by a PSN Group partner — Vozrozhdenie Bank. The loan amount is capped at RUB 30 million, and the loan term is from 1 year to 30 years. The program applies to both flats and apartments.
It will be recalled that quite recently the I'M project was ranked among elite projects with the highest investment attractiveness. Experts and analysts suggest that the minimum price per sqm in the I'M project has thus far grown by 30%.
Maxim Gasiev, PSN Group President:
“Many buyers of properties in the I'M project are large business owners. Many of them have funds locked up in their working capital, rendering them unable to use them for the downpayment on short notice. Statistics of our analysts suggest that the share of mortgage buyers in projects the likes of I'M is 25%. We sincerely hope that the new program by Vozrozhdenie Bank will help our customers make their dream purchase sooner.”
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