ASTRA BANK improves terms by product “Credit line secured by real estate”

Nov. 06, 2009

Credit line secured by real estate becomes more available. Product “Credit line secured by real estate” was launched by ASTRA BANK several months ago and a lot of clients evaluated its advantages. Providing real estate as collateral you can obtain credit funds for any purposes: repair, construction, purchase of other real estate or car, durable goods etc. You can withdraw funds anytime and repay credit wherever possible.

Nevertheless ASTRA BANK continues to make advances and improves terms of credit secured by real estate. Interest rate by credit was reduced approximately twice – to 14,99 % annual, maximum credit limit was increased to 50 % of the real estate cost, one-time credit fee was annulled. During first year of credit use the Bank provides the clients with grace period, thus credit repayment starts from the second year of financing.

Reference:
ASTRA BANK is a universal bank offering a wide range of financial services. ASTRA BANK is a member of Guarantee Fund of Private Individuals’ Deposits. In accordance with data of Association of Ukrainian banks ASTRA BANK takes the 26th place among banks of Ukraine regarding volume of capital. Long-term credit rating assigned to OJSC ASTRA BANK is uaBBB+ with forecast “stable” and the highest rating of bank deposit safety “5”. ASTRA BANK is the member of financial group of Alpha Bank Group Greece operating for more than 130 years that has representatives at the markets of Greece, Romania, Serbia, Albania, Bulgaria, FYROM, Cyprus and Jersey as well as in the USA and Great Britain.