The Central Bank specified the calculations of the family mortgage rate after the completion of state support
Banks will be able to increase the family mortgage rate after the expiration of the state-subsidized period of 15 years by no more than 4 percentage points. But it cannot exceed the key rate at that time, plus 3 p.p. or plus 3.5 p.p., if it is a loan for the construction of individual residential houses. This was announced by the Bank of Russia in an information letter to banks on October 9. The maximum period of subsidizing the preferential rate up to 15 years appeared in the new conditions of the program, which began on October 1.
Banks will be able to increase the family mortgage rate after the expiration of the state-subsidized period of 15 years by no more than 4 percentage points. But it cannot exceed the key rate at that time, plus 3 p.p. or plus 3.5 p.p., if it is a loan for the construction of individual residential houses. This was announced by the Bank of Russia in an information letter to banks on October 9. The maximum period of subsidizing the preferential rate up to 15 years appeared in the new conditions of the program, which began on October 1.
