VTB Bank has launched new product - «Special mortgage»

12.02.2014 Subsidiary JSC VTB Bank (Kazakhstan) announces the launch of
new target loan to population – «Special mortgage».

Credit product «Special mortgage» provides acquisition of real
estate, which is pledge of the Bank and offered for sale.

Loan for acquisition of pledged property of the Bank may be
issued in tenge and US Dollars.
Minimum loan amount is amounted to - 1 tenge,
maximum - 150 million tenge. Loan term - from 1 to 20 years.
Interest rate - from 8% per annum.

Initial fee is amounted to 5% - 10% of the purchase price of pledged property with analysis of solvency, and more than 10% - without analysis of borrower’s solvency. Additional pledge which meets requirements of Collateral policy of the Bank can also be accepted as initial fee.

Introducing to the market «Special mortgage», VTB Bank (Kazakhstan) highlights advantages of the product: minimum initial fee, low interest rate, no commissions for loan arrangement, early repayment without penalties, opportunity to choose convenient repayment plan.

For reference:
SO JCS VTB Bank (Kazakhstan) - is 100% subsidiary Bank of the largest Russian VTB Bank OJSC. License of the FSA of the RK No. 1.1.259 dated 22.05.2009.
The Bank was assigned international rating at the «BBB-» / «Stable» forecast level from Standard & Poor’s Agency that indicates its positive and stable financial condition. The branch network of VTB Bank (Kazakhstan) covers 17 cities and amounts to 24 points of sales.
VTB Bank and its subsidiaries form international financial group which conducts its activities in Russian and foreign markets. VTB Group consists of more than 30 banks and financial companies in 20 countries of the CIS, Europe, Asia and Africa. The major shareholder of VTB – is the Government of the Russian Federation (60,9%).