OREANDA-NEWS. July 31, 2014. The number of properties approved by Sberbank of Russia now exceeds 10,000. Sberbank of Russia partners with more than 3,300 developers.

In the first six months of 2014, Sberbank of Russia made loans worth RUB 122.5 bln for the purchase of housing in new developments; a large part of lending was for the purchase of apartments in approved new developments. This indicator has increased 83% compared to the figure for the same period last year – RUB 66.9 bln.

When purchasing an apartment in one of Sberbank’s approved properties, the client can apply for a loan that does not require a secondary guarantor or other asset as collateral, clients can simply sign an equity participation agreement.

“The increasing number of approved properties and developers has had a positive effect on the availability of mortgage lending in Russia – as the number of Sberbank’s partners has increased, so has clients’ trust in properties that are under construction,” commented Director of the Partner Relations Department at Sberbank, Nikolay Vasev. “We are aiming to maximize client focus. To do this, we are offering clients loans for approved Sberbank properties as well as for developments that the client has selected on their own. We are currently offering special conditions on mortgages for all kinds of new developments.”

The reduced rate on the mortgage product for housing that is under construction is available from July 1 until September 30, 2014. The lowest rate on ruble mortgages for housing that is under construction in 12.5%.

The list of approved properties includes economic and business class housing, comfort class apartments, elite properties and suburban real estate.

The list of Sberbank’s approved properties that are under construction can be found here:
http://www.sberbank.ru/ru/person/credits/home/build-obj-item/