LOCKO-Bank Offers Mortgage according to AHML Standards

LOCKO-Bank makes real estate buying simpler and accessible due to social mortgage with Agency for Housing Mortgage Lending (AHML) standards in the primary market. The interest rate on such a product is from 10.6% to 11.1% per annum. The rates are valid before and after the registration of property rights for the following categories of citizens:

• Citizens who have 1 or more children, and the age of each spouse (or one parent in single-parent family) does not exceed 35 years;
• Citizens who have 2 or more minor children, and recipients of maternity (family) capital;
• Citizens who have 3 or more children;
• Citizens who have the main place of work in public institutions (schools, hospitals, organizations of the defense-industrial complex, research organizations, etc.);
• Citizens - participants of savings and mortgage system of housing for military personnel.

The rates for the other categories are the following: 10.1% -13.4% during the construction phase and from 9.1% to 12.4% after the registration of property rights.

Please visit AHML page to see the list of objects that are subject to conditions of social mortgage.