Family Moves to New Home In Akademicheskiy On 6% Mortgage

UrBC, Yekaterinburg, February 16, 2018. Sberbank Ural issued its first mortgage that was part of the state-subsidized support program for young families with children.

According to RSG-Akademicheskoye, the program took off at Sberbank Ural on February 7. The very next day, a Yekaterinburg family who had their second child two weeks earlier, was issued a mortgage where the interest rate comes to 6% a year for the first three years. The new home owners will move to their two-bedroom apartment in Akademicheskiy District in the nearest future.

‘Yekaterinburg is one of Russia’s first cities to have locals applying successfully for Sberbank’s preferential-terms mortgage program. A mortgage is a very popular way of getting a bigger home, especially with young families. A state-subsidized program is extremely important for this country’s socioeconomic situation. I congratulate this family, who benefitted from these preferential terms, on their new big purchase,’ says Chair of Sberbank Ural Vladimir Cherkashin.

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