SberBank has made it easier for foreigners to issue mortgages

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AK&M 21 September 2021 18:03

SberBank has simplified the issuance of mortgages to foreigners.  Citizens of any country can apply for a mortgage loan in a bank. This is stated in the bank's message. 

To do this, foreigners need to receive a salary on a bank card and meet the standard requirements for age and work experience. Mortgage borrowers do not have to provide documents on their knowledge of the Russian language, as well as documents on education.

Such programs as "Purchase of ready-made housing", "Purchase of housing under construction", "Construction of a residential building", "Suburban real estate" and "Garage"are available to foreign citizens.

The geography of the program has also expanded. Now a mortgage for foreigners is available to residents of the Volga region. The loan can be issued in the Astrakhan, Volgograd, Orenburg, Penza, Samara, Saratov and Ulyanovsk regions.

Previously, it was possible to issue mortgages to foreign citizens in Moscow, the Moscow region, the Tver, Kaluga, Bryansk, Smolensk and Tula regions. In addition, the list includes such regions as Yaroslavl, Kostroma, Ivanovo, Ryazan, Leningrad, Murmansk, Kaliningrad, Pskov, Novgorod, Vologda and Arkhangelsk regions. Also, such a mortgage loan is available in the city of St. Petersburg, the Arkhangelsk Region, the Republics of Karelia, Komi and the Nenets Autonomous District.

Sberbank of Russia (TIN 7707083893) is the largest bank in Russia, Central and Eastern Europe. The Bank is the main lender of the Russian economy and occupies the largest share in the deposit market. Sberbank's services are used by customers in 18 countries of the world. The Bank has a branch network in Russia: about 14 thousand service points. The bank's foreign network consists of subsidiaries, branches and representative offices in the UK, USA, CIS, Central and Eastern Europe, India, China and other countries.

The authorized capital of Sberbank is 67.76 billion rubles and consists of 21586948 thousand ordinary shares and one billion preferred shares with a par value of 3 rubles. The main shareholder of Sberbank is the Russian Federation represented by the Ministry of Finance of the Russian Federation, which owns 50% of the authorized capital of Sberbank PJSC plus 1 voting share. The remaining 50% minus 1 voting share of the bank's authorized capital is owned by Russian and international investors.