OREANDA-NEWS. Sberbank will reduce rates by 0.5 bps on its main mortgage products. The special rate for young families will also be reduced by 0.5 bps, there is no extra charge to register the mortgage and the required down payment is as low as 15%.

The lowest rate for a mortgage loan is 12.5% in rubles with the "Protected Loan" conditions and the promotion for young families.

The rate offered with the "Mortgage with State Support" program has also been reduced and amounts to 11.4% annually in rubles for any term from 12 months up to 30 years.

You can learn more about the new lending conditions on the Sberbank website in the "Mortgage Loans" section.

"Sberbank continues to gradually improve the conditions for mortgage lending and has reduced the rate to make mortgage loans more accessible both for residential-under-construction and already-built," says Director of Non-Transactional Retail Products at Sberbank Natalya Alymova.