Sberbank increased mortgage rates by 1% – now you can take a loan for ready-made housing and new buildings at 11.3% per annum, according to information on the website of the credit organization.

At the same time, mortgage rates with state support remained at the same level. “In addition, the Bank works and other support programs, there are favorable conditions and reduced rates when confirming income with a statement from the Pension Fund, as well as on the loan on two documents. The Bank retains the opportunity for the population to purchase housing in the mortgage at a rate lower than the base rate,” – said in the press service of Sberbank.

In addition, Sberbank increased rates on some types of deposits – by 1-1.5%. The maximum yield including all subscriptions is 9.5%. The bank notes that the new rates are “adapted to changes in market conditions”.

“In the situation of rising inflation, we decided to support our clients by offering more favorable conditions for saving funds,” the bank’s press service said.

On Tuesday, Sberbank CEO German Gref announced his intention to raise loan and deposit rates. According to him, this is due to the actions of the Bank of Russia, which last week raised the key rate by 1% to 9.5%. In just over a year, it has been raised eight times in a row….

Last time Sberbank raised mortgage rates on February 1. Then loans under the main programs also rose in price by 1% – to 10.3%.

Earlier, Deputy Finance Minister Alexei Moiseyev said that mortgage rates in Russia in 2022 on average are unlikely to overcome the mark of 15%.

“The mortgage rate is the Central Bank rate + 2.5%, we thus come out at 12%”, – explained the official, noting that banks are not profitable to worsen the conditions of mortgage lending. As of the end of January, the weighted average rate of the top 20 banks on mortgages in new buildings amounted to 9.87%.