“Sberbank has decided to reduce mortgage rates on basic mortgage products, including new buildings and the purchase of housing on the secondary market, from May 1, 2022.

Rates on mortgage programs will start from 13.9%,” follows from the statement of the credit institution.

At the same time, the discount for payroll clients of the bank will increase from 0.5 to 1 p.p.

The Central Bank of Russia earlier decided to lower the key rate to 14% per annum.