Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

Banks began to increase the down payment on a mortgage

Banks began to increase the down payment on a mortgage
Photo: pixabay.com
After the increase in mortgage rates in March 2020, banks began to raise the amount of the minimum down payment. The coronavirus and the ruble are to blame.

According to RBC, large banks began to systematically increase the amount of down payment and increase interest rates on mortgages. According to bankers, such measures will help cut off the least trained borrowers from housing lending.

So far, six large banks have introduced such measures. Basically, they raised both loan conditions for the purchase of finished housing and new buildings. Among the first, raised the threshold for borrowers back in March, became Rosbank (the initial payment increased to 35% for some programs), as well as Otkrytie and Sovcombank (the minimum payment was 20%). In April, Unicredit (30%), Alfa-Bank (20%) and Promsvyazbank (15%) raised the down payment.

As representatives of banks explained, a mortgage without a down payment is a risky product, and in conditions of volatility in financial markets and an unstable economic situation, programs loyal to borrowers have to be curtailed. At the same time, there are still banks that do not plan to tighten the requirements for the down payment. However, according to experts, cutting off unreliable clients is necessary, including in mortgage lending. 
September 22: current information on coronavirus in the Far East
Digest of regional events and latest statistics