It feels like banks are waging a serious battle for clients. News keeps appearing about yet another bank easing its mortgage lending terms. This time, Belinvestbank has delighted future buyers by announcing the introduction of a preferential period — a rate of 10.90% per annum applies for two years.

Now, under a loan for purchasing an apartment, the interest rate is 10.90% for the first 24 months. After the preferential period ends, the rates will change:

• for construction — 14.41% per annum;
• for purchasing finished real estate — 14.90% per annum.

The loan term is up to 20 years. The bank is also ready to finance up to 90% of the property's cost. Collateral requirements depend on the amount requested: up to 150,000 rubles can be borrowed without guarantors, but with the apartment as collateral; above 150,000 — with both guarantors and collateral.

The bank believes that lowering the interest rate in the first two years allows borrowers to optimize their personal budget and focus on what matters most — renovations, moving, and setting up their new space.