Andrey Maltsev
Deputy CEO, Norde Bank
Primarily, such type of insurance is applied towards loans with initial deposit sum not less than 20%. In case the risk is insured by the debitor, it is not obligatory that the rate on loan will then differ from basic values at all.
|
Mikhayil Manchurak
“BIN Insurance”, Director General
As a rule, while filing a loan with insurance, the bank grants to its client a discount on the interest rate. In this case the client receives not only more favorable conditions on the loan itself, but also a guarantee on its repayment in case of force majeure circumstances (loss of job, ability to work, etc.).
|
Evgeniya Samardak
MDM Bank, Head of Retail Business Department
Insurance of debitor’s liabilities is practiced by major state banks and firstly by AMHC (Agency on Mortgage and Home Crediting) with the aim of lowering of loan risks on mortgage with minimal initial deposits (5-10%). The interest rates, therefore, may both stay on the level of the initial deposit starting from 15% as well as go higher.
Currently, such type of insurance stays expensive enough for a client and yet not a much requested one on the market of mortgage crediting.
|
