Source: Novosti | Thursday, 01.01.1970.| 15:58
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Societe Generale bank cut downpayment for mortgage loans in half

Societe Generale bank has reduced downpayment for commercial mortgage loans fro 20% to 10%. The expenses of the approval of loans have been reduced to 0.5% of amount of the loan.

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Annual effective interest rate for these credits is 6.8%.

According to the information from that bank, the new terms for clients mean that only half amount of cash is needed to be paid now when the loan is approved.

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