Sber has cut the rate of its mortgage refinance product by 0.2 pp to 8.2% when clients refinance other loans they have or take out general purpose loans.

Along with a home loan, SberBank clients can refinance personal loans and credit card debt of up to RUB 1.5 mn that they have at third-party banks, as well as borrow up to RUB 1 mn for any purpose.

Nikolay Vasyov, vice president, director of the DomClick Division, Sberbank:

"We have been improving the terms of mortgage refinance continuously throughout the year. In November 2020, we marketed it for new housing and made it available to buyers of non-residential apartments in February 2021. In March, we increased the cap to RUB 30 mn from RUB 9.5 mn and 85% of the property price, while in September we allowed borrowers to refinance mortgages that they had refinanced earlier. Customers can now merge their mortgage payments and loans they had with other banks to enjoy a lower rate and thus alleviate the financial pressure."

Learn more and apply for refinancing online at Domclick.ru.

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Sberbank of Russia published this content on 04 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2021 08:31:41 UTC.