Sberbank following the reduction of rates on deposits and consumer loans lowered mortgage rates.

As stated in the Bank, the majority of mortgage programs since April 11, rates are reduced by 2.1 percentage points (p.p.). The rate on loans for the purchase of ready-made housing and apartments in new buildings now starts from 16.9% (previously – from 19%).

Customers who previously applied under the previous conditions and received the approval of the bank, the rates will be reviewed automatically when going to the transaction, the bank notes.

Rates on preferential mortgage programs have not changed.

“For the first quarter of 2022, Sberbank issued mortgage loans totaling 800 billion rubles. And we are interested in further improving the conditions for our products, including programs with state support and subsidies from developers”, – said Vice President, Director of the division “Domklik” of Sberbank Nikolai Vasev, whose words are quoted in the message.

Sberbank from April 10 reduced rates on basic deposits by 3 p.p.. Now the maximum rate on deposits is 16%, while previously it reached 19%. Sberbank has also reduced rates on consumer loans by 2 p.p.. Now the minimum rate is 19.9%, previously it reached 21.9%.

The Board of Directors of the Central Bank of Russia at an extraordinary meeting on April 8 decided to reduce the key rate by 300 basis points – to 17% per annum.