Penza, 11 September 2015. PenzaNews. GLOBEX bank (of Vneshekonombank group) with offices throughout Russia, including the Penza region, reduced its mortgage rate by 0.2% for the plan “Mortgage against security of purchasable first-tier property with subsidized interest rate.”

“Our clients can now buy property at 11.8% annual interest in rubles. The interest rate is fixed for all mortgage period. The minimum downpayment is 20% of the apartment cost, and the maximum term of the loan is 30 years,” the Volga Federal District branch manager of GLOBEX bank Vladimir Averin told PenzaNews agency.

He explained that the interest rate is subsidized and provided for those who seek to loan money to buy a first-tier apartment from a legal entity, including construction companies who offer flats in fully-built housing.

“The maximum loan amount is 8 million rubles for apartments in Moscow, the Moscow region and St. Petersburg, and 3 million rubles elsewhere in Russia. Our clients may also be interested in our offer for second-tier apartments,” the speaker said.

GLOBEX bank was founded in 1992. It is 99.99% owned by the state corporation “Vneshekonombank.” CBR license No. 1942.