Sberbank introduces a mortgage program with lowered interest rates
Sberbank, Russia's largest bank, has introduced a new mortgage program called "Mortgage Plus." This program is designed to improve mortgage lending conditions for borrowers, offering competitive interest rates, accessible minimum loan amounts, and a streamlined application process.
Under the "Mortgage Plus" program, the interest rate for builders is subsidized, starting from 0.1% per annum, while Sberbank offers a reduced interest rate of 7.9% per annum for home buyers. The program allows for the purchase of apartments in new buildings and on the secondary market.
The minimum loan amount varies depending on the region. For instance, in Moscow and the Moscow region, the minimum loan amount is 12 million rubles, while for St. Petersburg and the Leningrad region, it is 8 million rubles. For other regions of Russia, the minimum loan amount is 6 million rubles.
The loan term for the "Mortgage Plus" program extends up to 30 years. In the first nine months of 2021, the volume of mortgage loans issued by Sberbank increased by 45% compared to the same period last year, with a total of almost 776,900 loans worth 2 trillion rubles issued.
Nikolai Vasev, the Vice President of Sberbank and Director of the "DomClick" division, oversees the implementation of this program. The online services of DomClick can be used to calculate and apply for a mortgage under the new "Mortgage Plus" program.
While the exact eligibility criteria and steps involved in applying for the "Mortgage Plus" program were not found in the search results, standard practices for new mortgage programs from major banks like Sber suggest that eligibility typically requires Russian citizens or residents with stable income and acceptable credit history. The application process is increasingly digital, allowing applicants to submit documents, receive pre-approval, and finalize mortgages via online banking or Sber's app.
To get exact and updated details on "Mortgage Plus," including how to apply, the best approach would be to visit Sber’s official website or contact their customer service directly. This will provide the most accurate and up-to-date information on the program.
The 'Mortgage Plus' program by Sberbank offers a reduced interest rate of 7.9% per annum for home buyers, compared to the subsidized 0.1% for builders. This finance-related service is overseen by Nikolai Vasev, the Vice President of Sberbank and Director of the "DomClick" division.
