Competition for borrowers is growing between banks: they have begun to offer discounts on mortgage rates and bargain more often, said Sergey Zaitsev, sales director of the federal company Etazhi.
On average, the discount reaches 2% of the market rate of a financial institution. Also, they are less likely to refuse less reliable potential customers and offer mortgages higher by 0.1-1.9%, he said.
“Large banks are actually quite flexible now in the formation of interest rate proposals for their clients,” agrees Alexander Gutorov, Vice President of Strana Development Group.
The market is quite competitive for quality borrowers, agrees Vitaly Kostyukevich, director of the retail products department at Absolut Bank. Therefore, credit organizations often make repeated offers on better terms to customers who applied for or contacted them to calculate the terms of the mortgage, he said.
There are also programs on the market under which the client can choose a discount to the commission rate, the press service of Otkritie Bank said. Opportunities for discounts on mortgages were also confirmed in Sberbank.
