On April 20, 2020, a program of preferential mortgage loans for the purchase of real estate from a developer was launched in Russia.
In the southern regions of the country, it helped to comprehensively support the housing market, and tens of thousands of families to improve living conditions or invest wisely in square meters. From May 2022, in accordance with the decree of the government of the Russian Federation, the rates on it were reduced from 12% to 9% per annum.
Sberbank set an even lower rate under the State Support program: from 8.7% for electronic registration of transactions for the purchase of an apartment from a developer, construction or purchase of a finished apartment building with an initial fee of 15% of the property value. The maximum loan term can be up to 30 years, and the maximum loan amount is 12 million rubles in metropolitan areas and up to 6 million rubles in other regions of the country.
Larisa Nikolaevna Bezdeleva, vice president of the southwestern bank of Sberbank:
“Sber remains a leader in the mortgage market in the southern regions of the country and offers profitable and convenient digital services. Throughout the duration of this preferential program, Sberbank in southern Russia and the North Caucasus has already granted 37,277 loans worth over 81 billion rubles. If we give a visual comparison, in two years we will give the possibility of moving to new buildings for the proportional population of the entire Elista or Kislovodsk. We currently process over 90% of transactions in cooperation with Rosreestr using electronic registration: this speeds up the process of transferring rights and helps you save significantly on monthly mortgage installments. «
Today, it is also possible to obtain a mortgage at a reduced rate as part of individual offers prepared by developers together with Sberbank. For many of these programs, rates start at 0.01% throughout the loan term. One of the largest southern partners of the bank is the YugStroyInvest group of companies.
Domclick customers can also save money and book an apartment in a new building with a 0.3% or 0.5% discount on the interest rate on mortgage loans of Sberbank. The amount of the discount depends on the builder. Thousands of apartments can be booked online all over Russia that can be found on Domclick using the «Mortgage Discount» filter. You can choose an apartment and apply for a mortgage online at Domclick.
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