VTB has improved mortgage conditions for residents of new regions

VTB Bank has expanded the possibilities of obtaining a mortgage when buying housing in new buildings in the Donetsk and Lugansk People's Republics (DPR and LPR), Zaporizhia and Kherson regions. The new program of the bank, unique for new regions, will allow combining the conditions of "family" and market programs. As a result, the loan rate will be significantly lower than the market rate, and the maximum amount will be 15 million rubles. This was reported to Izvestia on September 11 by the VTB press service.

"VTB strives to make high-quality housing as affordable as possible for residents of new regions. Our combined program will allow families to receive a large sum at an affordable rate and purchase an apartment two to three times larger than the basic state support. There are no more such offers on the Novorossiya market. Thus, we will not only support borrowers, but also contribute to the development of the affordable housing market here," said Viktor Ship, managing Director of VTB in Novorossiya.

The minimum down payment on a combined "family" mortgage in VTB is 20.1%, the loan term can reach 30 years. Clients can apply remotely through VTB Online, the contact center or the bank's website, or face-to-face at any VTB office or with the bank's partners.

The bank's press service noted that the launch of the combined mortgage is a new step by VTB to improve lending conditions in new regions. In August, VTB was the first to offer local borrowers a preferential mortgage with a 2% rate for individual housing construction.

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On September 3, it was reported that the Russian government had additionally allocated more than 100 billion rubles to subsidize preferential mortgage programs. It was specified that 53.4 billion rubles out of the total amount will be allocated for family mortgages, which will allow maintaining a preferential rate of 6% for families with children. Another 9.6 billion rubles are intended for the sale of Far Eastern and Arctic mortgages with a reduced rate of 2%.

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