The Cabinet of Ministers canceled the requirements for the level of minimum wage for preferential IT mortgages

The Russian government has once again softened the terms of preferential mortgages for IT professionals, abolishing the minimum wage requirements for borrowers. The decree was signed by Prime Minister Mikhail Mishustin, reported cabinet press office.

“IT professionals under the age of 36 will be able to apply for a preferential mortgage loan without taking into account the minimum wage requirements,” the report says.

The government believes that the abolition of the salary qualification will increase the issuance of preferential mortgage loans to IT specialists. Previously, a borrower living in Moscow had to earn at least 150,000 rubles. per month, and residents of million-plus cities – at least 120,000 rubles. In other cities and towns, this level was 70,000 rubles. per month.

How reported Earlier, the demand for the preferential mortgage program for IT specialists at the end of 2022 turned out to be less than expected by the Ministry of Digital Development. At the end of January of this year, the government softened program conditions: preferential mortgage terms became available to employees of IT companies accredited by the Ministry of Digital Development aged 18 and over.

Wage requirements were also reduced, and income was taken into account not only from the main place of work, but also part-time. In addition, employees now need to be employed in an accredited company for at least five years, and not the entire loan repayment period.

The preferential mortgage program for IT specialists, in accordance with the presidential decree, has been in effect since July 2022. The rate for employees of Russian companies accredited in the register of the Ministry of Digital Development is up to 5% per annum with an initial payment of 15%. At the same time, the maximum amount of a state-subsidized loan for residents of million-plus regions is 18 million rubles, for the rest – 9 million rubles.