Mortgage Loans

Remark

Special Requirements:

• Value of the collateral (mortgage/pledge) should be at least 2 times higher in value than the value of the loan.
• Client must provide a proof based on which clients sources for loan repayments can be clearly identified.
• Client is obliged to provide, at Clients expense, an insurance policy for the collateral for protection from basic risks, which will name the Bank as the Beneficiary on that policy.
• Depending on the maturity of the loan and the age of the borrower, bank can require Life insurance policy to be provided, where insured sum and maturity of the policy are the same as value of the loan and maturity of the loan, which will name the Bank as the Beneficiary on that policy, which shall be paid by Borrower (in advance with a single payment).