Sberbank cutting Far-Eastern Mortgage rates

Sberbank is cutting rates on the Far-Eastern Mortgage offering by 0.7 pp. Residents of Russia’s Far East can take out a mortgage at 1.3% p.a., and when a deal is signed online, the rate is 1% p.a.

The offering is available to families where both spouses are 35 years old or younger and to non-married partners aged 35 or younger who have a child aged 19 or younger.

Soft loans will be provided to buyers of apartments in new buildings, those who’re building a single-family house in the Far-Eastern Federal District, those who’re buying second-hand housing from entities or individuals if the said real estate is located in the rural areas of the Far-Eastern Federal District, Magadan Region, and Chukotka Autonomous District.

The lending term is limited to 20 years and 2 months and the borrowing limit is RUB6 mn.

Down payments start from 15%.

Since the Far-Eastern Mortgage launch, over 10,000 customers have bought housing at a soft rate. Rates being cut to 1% p.a., a simpler lending plan, and the opportunity to take out a mortgage at Sberbank online will let even more Russians buy housing on beneficial terms faster

Nikolay Vasyov

Vice President, Director of the DomClick Division, Sberbank

You can take out a soft mortgage until December 31, 2024. In Magadan Region and Chukotka Autonomous District, mortgages on the secondary market are available until December 31, 2021.

You can take out a Far-Eastern Mortgage and sign up for a deal online at DomClick.ru