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HOMEIMPROVE
RENOVATE NOW!
The new housing loan scheme from Laiki Bank for your home’s renovation
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Marfin Laiki Bank now offers you a great opportunity to renovate your home just the way you want it! With the new Home Improve scheme and a very competitive interest rate of Marfin Laiki Bank Base Rate +1,50%*! Don’t miss out!
- Applications accepted upon presentation of invoices, receipts or certificates from the architect/contractor (no need for verification from the Bank’s architect)
- Ability to hold monthly instalments for the first two years and pay only interest for the next three years
- Repayment period of up to 40 years available
- No charges for early repayment
* Pricing:(in cases where the Open Market Value of the mortgaged property is twice or more than that of the loan amount, a decrease of 0,25% may be applicable to the loan/s margin):
- Loans in Euro: Marfin Laiki Bank Base Rate + 1,50%
- Loans in Foreign Currency (excluding JPY): Margin will be increased by 0,25% ie Libor + 1,75%
APR: 6,92% – The Annual Percentage Rate (APR) was calculated on 25/09/2008 for EUR50.000 loan repaid over 15 years (by monthly instalments), 0,25% arrangement fees and EUR34,17 documentation fees. Variable interest rate equal to Marfin Laiki Bank todays Base Rate 5,25% + margin 1,50% (total interest rate 6,75%)
Marfin Laiki Bank may reject any customer loan application at its absolute discretion, where the terms and conditions are not met.
For more information call Telebank on 8000 2000 or drop into any Branch of Laiki Bank.
Offer valid until 31/12/2008.
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