VTB and Gazprombank announced a fall in mortgage interest rates

MOSCOW, September 13. / TASS /. VTB reduced the rate for one of the mortgage programs by 0.7 percentage point, allowing you to issue a loan for a purchase on two documents. This is stated in the press release from the state bank.

The base rate for the program will be 9.6%; the loan will cost 9.3% in the context of the refinancing of the program. The lower rate is valid until the end of 2018.

Gazprombank also reported on the lowering of the rates through the mortgage line. Since 12 September, the credit institution has reduced the maximum mortgage interest rate by 0.2-0.7 percentage points. After reduction, depending on the product, the rates are 8.7% to 10.5%.

At the same time, the German Gref, head of Sberbank, did not close a temporary increase in mortgages and consumer credits against the background of rising rates on the market.

At the same time, he emphasized that the trend of increasing rates for consumer and mortgage loans is temporary and that rates will fall as the market calms down.