The largest bank in the Russian Federation has stopped accepting applications for preferential mortgages for new buildings. This happened a week before the official end of the state program. Sberbank also suspended the issuance of preferential loans for IT mortgages – the limit of the program has been exhausted.

The largest bank in the Russian Federation has stopped accepting applications for preferential mortgages for new buildings
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Sberbank has stopped accepting new applications for preferential mortgages for primary housing under the state program. This was reported to Kommersant at the bank.

The preferential mortgage program was suspended a week before its official end. The Bank explained this by the abnormally high demand for supply amid the flow of clients from other banks.

In addition, Sberbank suspended the issuance of preferential IT mortgages within the framework of the state program. The limit has been exhausted, the broadcast will resume when a new limit is assigned.

Previously, Rossiya Bank, Ak Bars, MTS Bank and Promsvyazbank stopped accepting applications for preferential mortgages for new buildings.

Author:

Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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