Sberbank will increase the minimum down payment on a mortgage – Kommersant
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From September 20, Sberbank will increase the minimum down payment for most market mortgage programs by 0.1 percentage points. As the bank’s press service told TASS, for market programs the value of the starting fee has increased to 10.1%, 15.1% and 20.1%
The changes also affected preferential mortgages. Under the “State Support” program, the minimum rate for any purpose will be 8%, under the “Family Mortgage” program – 6%, under the “Mortgage for IT” – 5%, under the “Far Eastern Mortgage” and “Mortgage under a state certificate” – 2% upon registration life and health insurance.
In September, the government increased the minimum down payment from 15% to 20% under preferential mortgage programs, which together account for more than half of home loan issuance. In July, the Bank of Russia also accepted decision to increase premiums on risk ratios for mortgage loans from October 1.
More details in the material “No money, no benefits.”
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