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Societe Generale bank cut downpayment for mortgage loans in half
Thursday, 01.01.1970.
15:58
Comments
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.
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.
OTP banka Srbija a.d. Novi Sad
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