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Large families in Russia compensate for mortgage payments - EastRussia | Far East

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Large families in Russia compensate for mortgage payments

Large families in Russia compensate for mortgage payments
Photo: pixabay.com
Special project Financial literacy

The Russian government has approved rules for payments to large families to repay the mortgage. Compensation can be given to families in which a third and subsequent child has appeared between the 1 of January 2019 of the year and the 31 of December of the 2022 of the year.

According to the press service of the Ministry of Finance of Russia, large families will receive 450 thousand rubles to pay off the mortgage. The program was entrusted to the joint-stock company Dom.RF.

The organization will check the documents of borrowers on the compliance of the mortgage loan with the rules of the program. In case of a positive opinion, Dom.RF will transfer money to the bank for full or partial repayment of the mortgage.