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Sberbank lowered the rate on preferential mortgages to 5.85%

Alex Marshal by Alex Marshal
December 6, 2021
in Business
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NATO warned of Russia’s chances to cut off the Baltics from the alliance in a couple of hours

Sberbank cuts the rate on mortgages under the State Support 2020 program by 0.4 percentage points – to 5.85%. The offer is valid with an initial payment of 20%, electronic registration of the transaction, as well as life and health insurance of the borrower. The base rate for the program is 6.25%. 

Also, Sberbank keeps projects of subsidizing rates with developers – apartments in such projects can be bought on a mortgage with a rate of 0.1% per annum. You can find special offers and apply for a mortgage at a low rate  online at Domclick .

German Gref, President, Chairman of the Management Board of Sberbank :

“ Today we are reducing by 0.4 percentage points. preferential mortgage rates. We want to keep the opportunity for our clients to take out a mortgage loan at favorable rates . “

As a reminder, according to the terms of the program, the maximum loan amount is 3 million rubles. The minimum down payment is from 15% of the cost of housing.

Along with reducing the rate, Sber also offers assistance in accelerating the conclusion of a transaction using an electronic registration service. In November 2021, 86% of mortgage loans, including those under the program with state support, were issued using this service.

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