“VTB is improving the conditions for its mortgage programs, reducing the base rate by 0.4 percentage points.
from 20 June.
Borrowers will be able to get a housing loan at a rate of 10.5% per annum, ”RIA Novosti quotes a statement from the bank’s press service.
It is clarified that the conditions apply to both new buildings and the secondary market.
Earlier, Sberbank lowered interest rates on consumer loans by one percentage point - the minimum base rate will now be 14.9% per annum.
On June 10, the Board of Directors of the Central Bank of Russia decided to reduce the key rate from 11% to 9.5% per annum.
As explained in the Central Bank, the external conditions for the Russian economy are still difficult, but inflation is slowing down faster than expected, and activity is declining on a smaller scale than expected.