In Tatarstan, the acceptance of applications for the Rural Mortgage program has been resumed

3 August 2020, Monday

Since August 3, 2020, the Bank of Tatarstan branch of Sberbank has resumed accepting applications for participation in the state program for supporting rural mortgage lending "Rural Mortgage". The Rural Mortgage program is designed for the development of rural areas of the republic and therefore has a number of limitations. First of all, a mortgage loan is provided only for the purchase of real estate in rural areas - it will not be possible to acquire a private house within the city under this program. Also, a program participant cannot sell his apartment or house for five years after the deal, even if he has already repaid the loan. The preferential rate for the Rural Mortgage program is 3% per annum. However, customers of Sberbank, who use the "Electronic Registration" service, are provided with a discount to the rate of 0.3 percentage points. As a result, the rate may be reduced to 2.7%. Special conditions: The borrower / each of the co-borrowers can be provided with no more than 1 loan under the state program "Rural mortgage" in accordance with the Government Decree No. 1567 dated November 30, 2019. The borrower / each of the co-borrowers cannot use social funds as an initial contribution, received as part of the implementation of measures of the state program of the Russian Federation "Comprehensive development of rural areas", approved by the Decree of the Government of the Russian Federation of May 31, 2019, No. 696.

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