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the maximum loan for preferential and family mortgages has been increased — EADaily, May 18, 2022 — Economy News, Russian News

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The Government of the Russian Federation has increased the maximum loan amount for preferential and family mortgages to 30 million and 15 million rubles, respectively. This was announced by Prime Minister Mikhail Mishustin during a meeting of the presidium of the government commission on improving the sustainability of the economy.

Recall that currently there is a preferential mortgage for buying housing in a new building, a land plot or building your own house at 9% and in the amount of up to 12 million rubles in Moscow, St. Petersburg, Moscow and Leningrad regions and up to 6 million for other regions.

“So that people are not limited only to these amounts and have the opportunity to choose housing, the government has increased the maximum loan amount for preferential and family mortgages, respectively, to 30 and 15 million rubles,” the head of government explained.

According to the prime minister, “in this way, citizens will be able to purchase an apartment of a higher value, and attract additional funds at a market or other subsidized rate.”

It should be noted that the program will be valid until the end of this year.

“Banks that issue such loans will be compensated for the rate within the preferential limit,” Mishustin promised.

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