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Millennium Bank continues mortgage loans for refinancing promotion, with zero analysis fee

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2011-01-05 18:55

Millennium Bank continues promotion for mortgage loans contracted in order to refinance another mortgage loan, by charging zero analysis fee until the end of June 2011. rnrnThe variable interest rate of the loan is made of three-month Euribor/Robor plus a margin starting from 5%, depending on the down payment percentage and the clients’ option to transfer their income to the bank. Clients benefit from free life insurance, zero administration and zero early repayment fees.rnrn“Since the launch of Millennium Bank’s new mortgage loan, in September 2010, approximately 40% of our clients applied for this product in order to refinance other debt. Following our clients’ needs, we decided to continue offering them the benefit of zero analysis fee for loans contracted for refinancing another mortgage loan”, Eliza Erhan, Head of Retail Product Development with Millennium Bank, stated.rnrnMillennium Bank’s mortgage loan with refinancing option has a 30 years tenor and its amount can reach up to 80% of the purchased house’s value.rn

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