“Today, Sberbank is starting preliminary acceptance of applications for an updated preferential mortgage program, which was announced by the President of Russia,” TASS quotes Kirill Tsarev, First Deputy Chairman of the Board of Sberbank.
VTB also announced its readiness to accept applications for an updated housing loan program.
Earlier, Russian President Vladimir Putin at a plenary meeting at the SPIEF proposed to reduce the rate on preferential mortgages to 7%.