VTB Bank issued the country’s first mortgage at 6.5%. The transaction under the new program gesubsidieerde was held in Barnaul. The client bought an apartment worth half a million rubles, reported on the official website of the Bank.
VTB is the first Russian Bank announced the beginning of acceptance of applications on subsidized mortgage program with a rate of 6.5%. VTB issued such loans are subject to an initial payment of 20%, the mortgage term up to 20 years.
mortgage allows up to 1 November 2020 to receive a loan at a preferential rate for the purchase of new housing. The maximum loan amount under the program – 8 million rubles for Moscow, the Moscow region, St. Petersburg and the Leningrad region and 3 million rubles – for other regions.
“We started to receive first calls on Friday, and the weekend was involved in making loans. The first results held today, at the output we now have several dozen transactions across the country,” said Deputy President and Chairman of the management Board of VTB Bank Anatoly Pechatnikov.
Russian President Vladimir Putin on April 16 announced the government subsidize mortgage rates to 6.5% to support property demand and the construction industry.
