Program On Dwelling Conditions Improvement

The loan granted is secured against the real estate being already in property (an apartment) at the primary real estate market in apartment building under construction. The object shall comply with the Bank requirements.
Lending conditions:

loan term is from 5 to 25 years(inclusively)
currency of loan is Russian rubles
minimum loan amount is RUB 1,000 000
maximum loan amount shall not exceed 80% of the market cost of the pledged real estate but not exceed 100% of the cost of the real estate being acquired
no fee for the assessment of application processing
no fee for loan granting
prior repayment of loan without limitations
minimum payment amount at prior repayment of loan is RUB 30,000
no fee for the prior repayment of loan

Standard annual loan interest rates*

	Loan term
	5 to 10 years	10 to 15 years	15 to 20 years	20 to 25 years
down payment from 20% (inclusively) to 30% (inclusively)	13,00%	13,25%	13,50%	13,75%
down payment from 30% to 50% (inclusively)	12,75%	13,00%	13,25%	13,50%
down payment over 50%	12,50%	12,75%	13,00%	13,25%

*Until the moment the apartment construction is ended, the title is registered and the given apartment is pledged in favour of BFA Bank, the loan interest rate is set at 1% higher as mentioned above.

The insurance of life and earning capacity of the borrower, as well as insurance against the risk of loss of title on the property pledged to the Bank serve as an additional collateral for the real estate loan repayment.
Should a real estate loan be chosen without provision of additional collateral in the form of insurance of life and earing capacity, the interest rates are set as standard annual interest rates + 3,5%.
Should a real estate loan be chosen without provision of additional collateral in the form of insurance against the risk of loss of title on the property pledged to the Bank, the interest rates are set as standard annual interest rates + 3%.

The list of the objects that comply with the Bank requirements: