SberBank has revamped the terms of several mortgage products on offer by shaving 1.2% off the Personal Loan Secured by Real Estate program. From now on, the rate stands at 9.2% for payroll customers and reaches 9.7% for everyone else.

Also, the down payment was reduced from 30 to 20% under the special offering called Housing Loan with Two Documents. The promotion will run until January 20, 2022.

The lower down payment backed by two documents applies to the following programs:

  • Buying Move-In Ready Real Estate (includes the Pledged Item framework)
  • Buying Construction-Stage Housing
  • State Support 2020
  • Mortgage with State Support for Families with Children
  • Far Eastern Mortgage
  • Rural Mortgage.

By helping people solve their housing issues, we strive to make all our mortgage programs as simple, understandable and affordable as possible. I am sure that this next improvement in the terms for housing loans will allow thousands of Russians to take the first step towards their own home or apartment.

Nikolay Vasyov

Vice President, Director of the DomClick Division, Sberbank

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Sberbank of Russia published this content on 05 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2021 10:56:00 UTC.