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Sberbank recorded a high demand for Far Eastern mortgage

Sberbank recorded a high demand for Far Eastern mortgage
Photo: pixabay.com

High demand for the Far Eastern mortgage during the New Year holidays was recorded by Sberbank. Since the launch of the program, more than three thousand applications have been accepted in the amount of nine billion rubles - two times more than the number of applications filed under the state support program for families with children in the Far Eastern Federal District for the whole of 2019.

According to the director of the DomKlik division Nikolay Vasev, Sberbank plans to issue mortgage loans worth over 200 billion rubles during the program’s duration. He is confident that the state program will help increase housing construction in the Far East and provide apartments for thousands of young families.

Mortgage at a rate of 2% can get families in which the spouses are no more than 35 years old, and single parents with minor children will also receive a soft loan. The borrower will be able to buy housing in the primary market, the maximum loan term will be 20 years, the amount up to six million rubles, the down payment is 20%.