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Sberbank has reduced mortgage rates for the purchase of apartments in new buildings

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Sberbank has reduced mortgage rates for the purchase of apartments in new buildings

Sberbank lowered rates on mortgage to purchase of apartments in new buildings from 7.3 to 7.1 percent. The new rates came into effect on November 8.

According to the press service of the largest Russian bank, this was done as part of a subsidy program with developers. Base rate for mortgage on buying an apartment in new buildings is 9.3 percent.

Discount on interest rates on mortgage a> for loans up to 7 years increased by 0, 2 percentage points and now stands at 2.2 percent. Discount on mortgages on purchase of an apartment for a period of 7-12 years remained at the level of 1.5 percent. The bank also provides a one percentage point discount on mortgage for a period of 12 to 30 years.

October 1 Sberbank lowered rates on mortgage to buying an apartment in new buildings and on the secondary market. And last week, the bank announced the launch of a tool for developers and
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