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Demand for loans on "Far Eastern mortgage" doubled at VTB
VTB notes a 2,5-fold increase in demand for loans under the Far Eastern Mortgage program. Such dynamics happened after the rate was cut to 1%.
According to VTB, a total of 3,3 thousand contracts have been signed under the preferential program. The total amount of loans issued exceeded 13 billion rubles. The largest number of loans under the program was issued in the Primorsky Territory - for 5,6 billion rubles, in the Khabarovsk Territory (2,29 billion rubles) and in Yakutia (2,26 billion rubles).According to Evgeny Dyachkin, Deputy Head of the Retail Business Department, Vice President of VTB, the first transactions under the program were carried out at VTB. Moreover, back in August 2020, the bank was the first to cut the rate to 1%. Also, for better provision of affordable housing to the Far East, VTB expanded the program to the secondary real estate market of the Magadan Region. In the near future, the same provision of the program is planned to be extended to Chukotka, where VTB's office will be opened.
Under the program, you can buy an apartment in a new building or a finished apartment directly from the developer on the territory of all subjects of the Far East. The VTB rate is 1%. The first installment starts from 15% of the property value, the loan term is up to 20 years.