The Rusipoteka online portal for the mortgage industry has published its ranking of Russia’s biggest mortgage lenders for 2014. Center-invest Bank ranks 27th, one place higher than in the previous year.
In 2014 Center-invest Bank issued 5179 mortgages to residents of southern Russia for a total of RUB5.92bn. This represented a 21% increase in the value of lending and a 37% increase in the number of loans.
In 2015 Center-invest Bank continues to offer the lowest mortgage rates in the region: from 12.25% per annum. In January 2015 Center-invest Bank issued 275 new mortgages for a total of RUB429m.
Center-invest Bank offers its customers both fixed and variable rate mortgages, with terms of up to twenty years. It also works with the various applicable government subsidy and welfare programmes.
The mortgage amount depends only on the borrower’s ability to repay. As well as the joint income of spouses, Center-invest Bank takes into account the income of the borrower’s immediate relatives (parents or children). It also considers additional income from secondary employment, rent payments, regular insurance payouts, bonuses, and pensions. The mandatory insurance requirement has been withdrawn for all of Center-invest Bank’s loan programmes.
Customers can apply for a loan online at www.centrinvest.ru or at any Center-invest Bank branch.