SberBank and Samolet Group have concluded their first mortgage transaction in the framework of the updated conditions for their subsidy program and the State Support 2020 program with a reduced interest rate of 2.9% per year for 20 years. The first transaction was on the acquisition of an apartment in the Prigorod Lesnoye (Forest Suburb) residential complex in Moscow Region's Leninsky district, the bank informed.
According to the new conditions, from April 8 to July 1, 2021, SberBank clients will be able to purchase construction-stage housing under a participation agreement (PA) or an agreement of cession (ACR) or purchase completed housing under a sales and purchase agreement (SPA) from the developer at a 2.9% interest rate for a period of 12 to 20 years provided that the client applies through the Online Real Estate Registration service and takes out borrower life and health insurance with a SberBank-accredited company. The down payment is 15%.
Sberbank of Russia (tax number: 7707083893) is the largest bank in Russia, Central and Eastern Europe. The Bank is the principal lender to the Russian economy and has the highest share in the market of deposits. The bank's authorized capital is RUB 67.76 billion. It consists of 21,586,948 thousand common shares and 1 billion preferred shares with a face value of 3 rubles each. The Russian Federation represented by the Ministry of Finance owns 52.32% of Sberbank's total voting shares.
