"The reduction will be up to 0.7 pp on the main line of mortgage lending products," leads TASS message.
The bank explained that "now you can buy apartments in a new building in a mortgage at a rate of 7.6% per annum, and an apartment on the secondary market - from 9.1%."
At the end of May, Sberbank announced that they were reducing mortgage rates by 0.3-0.6 pp.
On July 3, Russian leader Vladimir Putin signed a law on the compensation of mortgage loans to families in which a third child and subsequent children were born after January 1, 2019.