46 Russian banks will provide affordable mortgages for families with children
The Russian Ministry of Finance approved a list of 46 financial institutions that will participate in the program of preferential mortgage for families with children. Recall, it is implied that such families will be given loans for the purchase of an apartment or house. 6% per annum. The rest will be compensated by the state.
Ministry of Finance approved the application all financial institutionswho have applied and expressed a desire to become participants in the program. They tried to divide the limit in proportion to them.
Sberbank and VTB will be able to issue the largest number of soft loans. Total distributed around 600 billion rubles of budget funds. Of these, the share of Sberbank fell 320 billion, and VTB received 200 billion. The remaining funds were distributed among other program participants, including among regional banks who wanted to give families a preferential mortgage.
The decision to help families with children subsidizing interest on mortgages was made at the end of 2017 by Vladimir Putin.
Under the terms of the program, families will be able to participate in it, in which from January 1, 2018 to December 31, 2022 the second or next child will be born. For the second baby, the family will receive a rate of 6% on three years, and for the third baby - 6% on five years.
