Sberbank lowers mortgage interest rates

Sberbank, according to its website, has lowered mortgage interest rates, so since May 6, 2020, loans on condos in new homes will be available from 6.2% per annum (for the bank’s payroll customers), while on secondary-market housing rates start from 8.1% (given a discount for Sberbank’s payroll customers or members of the Young Family program).

Mortgage rates for move-in ready real estate will be cut by 0.4 pp. Mortgage rates for new homes will be cut by up to 0.5 pp.

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