OREANDA-NEWS Starting August 12, Sberbank will reduce interest rates on mortgages for families with two or more children under the program “Mortgage with state support for families with children”. It will be possible to purchase apartments in a new building in a mortgage at a rate of 5% per annum, the press service of the state bank said. 

The decrease will be 1 percentage point. The program is valid for the purchase of housing in the primary market from a legal entity both at the construction stage and in a finished house. Families whose second or subsequent child was born between January 1, 2018 and March 1, 2023 will be able to take advantage of the offer. 

Starting from August 12, 2019, the rate will be reduced by the bank from six to five percent per annum. Such families will be able to take advantage of the program to purchase apartments in residential complexes under construction or in ready-made residential complexes from the developer.