IT-mortgage does not instill
[ad_1]
Demand for the preferential mortgage program for IT employees turned out to be lower than expected by the Ministry of Digital Development, market participants, banks and developers told Kommersant. They note the difficulty of obtaining a loan. In addition, a number of IT companies are developing their own mortgage programs. Developers are counting on the best, noting that “the program has not gained popularity yet.” Bankers confirm that the number of applications, which fell in autumn and winter, is starting to rise.
“Kommersant” interviewed market participants, banks and developers about the implementation of the program for issuing preferential mortgages for IT specialists. The mortgage program at 5% with a down payment of at least 15% was launched in May 2022 and became one of the measures to support the industry that the authorities took after the outbreak of hostilities in Ukraine in order to keep the mass exodus of IT specialists from the country (see “Kommersant” March 22, 2022).
At the end of 2022, according to statistics, Dom.RF issued only 5 thousand loans for 44.79 billion rubles. At the launch of the program, the Ministry of Digital Development expected that 10,000 people would use mortgages in 2022. The Ministry of Digital Finance confirmed the number of loans issued, specifying the amount – 47.7 billion rubles. Deputy Prime Minister Dmitry Chernyshenko claimed in December that 6,000 housing loans worth 54 billion rubles had been issued. According to the ministry, in 2022-2024 the program should cover 50 thousand employees of IT companies, the volume of loans will amount to 240 billion rubles.
To get an IT mortgage, an employee of an accredited company aged 18–55 must earn at least 120,000 rubles. (before deducting personal income tax) in a million-plus city (from 70 thousand rubles in other cities and from 150 thousand rubles in Moscow) per month. After applying for a loan, you need to work in the company for at least five years.
Bank “Dom.RF” issued about 1.5 thousand loans for 14.8 billion rubles, said Deputy Chairman of the Board Alexei Kosyakov. Sberbank told Kommersant that almost 11 thousand applications were approved under the IT mortgage program and more than 3.5 thousand loans worth 28 billion rubles were issued. Alfa-Bank said that during the program, 3 thousand applications for 30 billion rubles were accepted, without specifying how many loans were issued. Vitaly Kostyukevich, director of the retail products department at Absolut Bank, says that about a third of applications for IT mortgages are rejected: “The bank received several hundred applications, mainly in the first months of the program. In autumn and winter, the number of applications decreased significantly. Since February, the flow has increased, approaching the level of spring 2022.”
A Kommersant source close to one of the major developers confirms that IT mortgages are not in great demand: “Difficult conditions for obtaining are affecting.” Dmitry Efimov, commercial director of Pioneer Group, notes that “for the program itself, the volume of loans issued under it can be assessed as sufficient, but the share in the total number of transactions in the country cannot be called significant.” IT-mortgage is a new program, not all potential buyers are familiar with it yet, and the audience is limited, said Tatyana Boeva, head of the mortgage lending department at Granel Group of Companies: “It takes time for the product to gain popularity.”
Some IT companies have their own mortgage programs for employees, Kommersant’s interlocutors in the industry say. In Yandex, for example, they give loans to employees to purchase property in the cities of the Russian Federation where the company’s offices are located: “Loans up to three years are provided at 0% per annum, up to 10 years – at 3% per annum.” In VK, says the source of Kommersant, there is no mortgage. The company itself only noted that VK and its subsidiaries are among the accredited ones.
Against the backdrop of rising market mortgage rates, which are now in the region of 10.9%, the prospect of receiving a preferential “may affect the choice of the industry in which a person will work,” says Pavel Kalyakin, CEO of MyOffice. However, Alexander Sivolobov, deputy head of the NTI Competence Center based at Skoltech, calls IT mortgages “the last thing applicants take into account when choosing a job.” The issue of company accreditation, he clarifies, during the process of interviewing developers “usually comes up in relation to obtaining armor from mobilization.”
[ad_2]
Source link
