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Sberbank cuts mortgage rates for families with children - EastRussia | Far East

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Sberbank reduced mortgage rates for families with children

Sberbank reduced mortgage rates for families with children
Photo: pixabay.com
Special project Financial literacy

Starting August 12, Sberbank lowered interest rates on mortgages for families with two or more children as part of the Mortgage with Government Support for Families with Children program. For this, categories of citizens offer a rate of 5 percent per annum.

According to the press service of the bank, the decrease in the program will amount to 1 pp for the purchase of residential real estate in the primary market from a legal entity under construction and for finished housing from the developer. The offer can be used by families whose second or subsequent child was born from 1 January 2018 year to 1 March 2023 year.

“Following the dynamics of the Bank of Russia key rate, we reduced rates on the main line of mortgage products. We will continue to work in this direction, in particular on mortgage products with state support, ”said Alexander Vedyakhin, First Deputy Chairman of the Board of Sberbank.

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