the lenders have started to accept applications for mortgages at 6.5% per annum. To provide preferential housing loans to individuals requested President Vladimir Putin. The first of the banks on the program of gesubsidieerde started working VTB, three days have issued about 200 transactions to 500 million rubles. Best loan to buy a home in a new can make all the Russians, the loan amount is up to 3 million rubles in the regions and to 8 million roubles in Moscow, Moscow suburbs, St.-Petersburg and Leningrad region. Other conditions also comfortable mortgage can be taken for 20 years and with an initial payment of 20%.
Preferential mortgages announced by the President on April 16. The next day, VTB Bank (PJSC) started consultations and applications from customers. On the first day of the working week in a Bank and began to make the first transaction under the new program. Gradually to participate in project connect and other banks.
take Advantage of a mortgage with state support is possible until 1 November 2020. The special rate will be extended to cover the entire term of the loan. Prior to the introduction of preferential terms, the average mortgage rate in Russia was around 9%.
“the New program will enable Russian banks to recover postponed due to the isolation the demand for the purchase of real estate and mortgages. Thanks to subsidies from the state to get a mortgage and move into a new home it has become much easier. Rate of 6.5% is one of the lowest in the market and therefore it will help borrowers comfortably service their loans,” said Anatoly Pechatnikov, Deputy President-Chairman of the management Board of VTB Bank.
By the way, the government decree on subsidized mortgages are still being prepared for signing and publication. “VTB has started to work in the framework of this program, without waiting for the resolution of the government, the Bank informed In the current environment, we believe are critically important to the execution of orders of the Russian authorities in the shortest possible time”.
Banks expect preferential mortgage program will allow you to restore the demand for the purchase of real estate because of the isolation. It is assumed that the mortgage at 6.5% per annum will be popular and a significant proportion of housing loans held within the framework of state support. Now every fourth mortgages in Russia are issued by the VTB. From January to March, the Bank disbursed housing loans amounting to 190 billion rubles, increasing the amount of such loans by a third.
