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Business / Finance

Sberbank reduces mortgage rates press releases 27.05.2019 at 13:01

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Sberbank announces lower interest rates on mortgage loans. From 25 may 2019, the reduction would be 0.6 percentage points on the finished house, rural property, residential building construction, non-earmarked credit mortgages and 0.3 percentage points for housing under construction and the refinancing of credits of other banks.

the most advantageous rate on your mortgage you can get when buying a finished apartment on the portal search service and purchase the mortgage from Sberbank "Domlec".

Herman Gref, President, Chairman of the Board of Sberbank:

"the Development of mortgage lending directly affects the country's economic growth and the welfare of its population. We believe that the substantial decline in mortgage interest rates in the savings Bank will allow our customers even faster to make decisions to purchase housing on very attractive terms through the services of Sberbank and digital platform "Domlec".

the base rate for "Purchase of ready housing" is reduced from 11.4% to 10.8% per annum, the minimum rate taking into account discounts (for participants of the "Young family", salary projects with use of electronic registration and under "Showcase") will be 9.6% per annum.

the base rate for the purchase of housing under construction was reduced from 10.9% to 10.6%, for participants of the salary project when using the service of electronic check — up to 10.2% per annum.

the Minimum rate under the program of subsidizing the developers will be 8.2% per annum.