Sberbank has reduced mortgage interest rates by nearly 2 percentage points to allow clients to purchase new apartments at a rate of 6.2 percent, and at 8.1 percent in the secondary market. The reduction in rates for the purchase of finished housing is 0.4, up to 0.5 percentage points for the purchase of an apartment in a new building.
Earlier, Sberbank started accepting mortgage applications with state support at a reduced rate of 6.4% per annum for apartments in new buildings after president Vladimir Putin instructed the to launch a program of preferential mortgages at a rate of 6.5% and no more for the entire loan term. The program applies to house loans up to 8 million rubles in Moscow and St. Petersburg and up to 3 million rubles in other regions of the country.
