In Russia, the family mortgage program will be extended until 2030. This was announced by Russian President Vladimir Putin during his Address to the Federal Assembly.
Over the past six years, millions of Russian families have improved their living conditions, including more than 900 thousand with the help of family mortgages. This program began in 2018. At first, families with two or more children could use it, then families with one child.
"I propose to extend it until 2030, while maintaining the basic basic parameters. Special attention should be paid to families with children up to and including six years old, for them the preferential loan rate will remain the same – six percent," Vladimir Putin said.
Recall that since the beginning of the program, 38,064 loans have been issued in the Republic of Tatarstan for a total amount of more than 154 million rubles. It operates on terms with an interest rate of 6%, with an initial payment of at least 20% and with a maximum loan amount of 6 million rubles.