Reduced interest rates on military mortgage assistance programs by PSB for military families
In a recent announcement, PJSC "Bank PSB" has unveiled new and improved conditions for its military mortgage programs, aiming to provide clients with more convenient and affordable transaction options.
Under the revised terms, the interest rate for family military mortgage refinancing stands at 6.0% per annum, a significant decrease from the previous rate of 22.5%. For refinancing programs, the loan amount has also been increased to 1.58 million rubles.
For those looking to purchase new builds or secondary housing, the rates have been reduced by 5 percentage points to 20.0% per annum for holders of salary cards with PSB, and 20.6% for other clients. The maximum loan amount for these programs remains at 1.86 million rubles.
Notably, under the "Refinancing. Family Mortgage" program, the maximum loan amount has been increased to 80% of the appraised value of the purchased apartment, totaling 5.1 million rubles. Similarly, under the "Family Military Mortgage" program, the initial contribution is 20%, and the loan amount has been increased to 5.125 million rubles.
PSB currently holds leading positions in the military mortgage market with a portfolio of 107 billion rubles. The bank also maintains a significant presence in the Russian military payroll market, with approximately 27 million accounts under its management.
To access detailed information about these programs, interested individuals can visit www.psbank.ru, call 8 800 333 78 90 (toll-free within Russia), or visit bank offices. It is important to note that the information provided is valid as of 11.08.2025.
PSB expects a gradual increase in demand in the military mortgage market in the near future due to the reduction in the key rate. The bank is committed to continuing transactions under these new conditions to support its military clients in their home-buying journey.
