• 0.3 pp off mortgage interest rate when using Electronic Registration service
  • Offering available until February 1, 2021

June 29, 2020, Moscow - Sberbank has renewed the campaign cutting mortgage rates by 0.3 pp when using the Electronic Registration service. The campaign will last until February 1, 2021.

You can buy an apartment using a mortgage loan at the lowest rates:

  • from 5.9% per annum on apartments in new buildings
  • from 7.8% per annum on apartments on the secondary market.

The campaign applies to preferential government support programs:

  • the interest rate for families with children is 4.7% per annum
  • the interest rate under the Government Support 2020 program is 6.1% per annum.

The 0.3 pp discount is also added to a developer discount in the first two years as part of the subsidy program:

  • the preferential rate under the government support program, including the developer discount, will be from 2.6% per annum
  • the rate under the government support program for families with children is from 1.2% per annum
  • the mortgage rate for buying an apartment in a new building, considering discounts from the developer, starts from 4.6% per annum.

The Electronic Registration service enables you to send your deed for state registration online without visiting public service centers and Rosreestr state registration organization. Transaction parties will have access to the registered paperwork in their member areas on DomClick.ru.

Nikolay Vasyov, Director of DomClick Division, Sberbank,

'We have renewed the campaign for our customers until 2021, as we see the service enjoys a high demand. As much as 82% of all real estate transactions at Sberbank are recorded electronically. This is the fastest, most convenient, and secure way to register ownership. In most parts of Russia, the period for registering transactions in electronic form doesn't exceed four days, which is twice as fast compared to the standard registration term.'

You can choose an apartment, apply for a mortgage at a reduced rate, and sign up for a deal online on DomClick.ru.

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Disclaimer

Sberbank of Russia published this content on 29 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2020 10:58:01 UTC