Photo: Alexey Sukhorukov / RIA Novosti
State savings Bank since January 14, increased rates on major mortgage products by one percentage point. This is stated in the message on the website of the country’s largest Bank.
The increase not only affected the preferential categories of products, namely “a Military mortgage” and “Mortgage with state support for families with children.” As reported by TASS in the press service of the credit institution, by one percentage point will increase the rate on your mortgage with an initial payment of more than 20 percent, and 1.2 percentage points for loans with an initial payment less than 20 percent of the amount.
“A change in interest rates is a consequence of adaptation to current market conditions after increasing the key rate of the Central Bank, changes in the risk factor as well as the overall macroeconomic situation”, — said the representative of the Bank.
The largest banks in the country have started to raise rates on mortgage loans from 2019. The main causes of the growth rates on loans, raising the key rate of the Central Bank, as well as stricter standards for banks on capital adequacy, caused by the subprime boom in Russia.
Video, photo All from Russia.