Today Sberbank cut its military mortgage rates both for those who would like to purchase finished residential property and residential property under construction. The rates dropped by 0.85 pps. There is a single rate on these products, and, given the reduction, it will total 10.9% per annum.

      In addition, Sberbank increased the maximum loan amount for the military mortgage by 170,000 roubles to 2.22 million roubles.

      “Sberbank is gradually lowering rates,” said Senior Managing Director, Director for the Division of Working with Partners and Mortgage Lending of Sberbank Nikolay Vasev. ”We reduced and simplified base rates on February 20, 2017, and now we are also cutting rates as part of the military mortgage.”