Tatarstan residents will be able to get a rural mortgage at 1.9% per annum
The Ministry of Agriculture and Food of the Republic of Tatarstan informs that now salary clients will be able to obtain a mortgage loan for the purchase of finished or under construction housing, including with a land plot, in rural areas; or refinance an existing loan for the same purposes at a preferential rate of 1.9% per annum, employees of corporate companies - from 2.2% per annum.
Also, for these categories of clients, the loan rate has been reduced for the following purposes: construction or completion of a residential building under a work contract on an owned land plot; acquisition of a land plot located in rural areas, and the construction of a residential building on it under a work contract; repayment of a loan previously obtained both in the bank itself and in other credit institutions authorized by the Ministry of Agriculture, for the same purposes. As part of the amendments, borrowed funds can be obtained at a rate of 2.5% per annum.
“Rosselkhozbank has updated the conditions for preferential loans for the purchase of housing in rural areas, operating under the state program “Comprehensive Development of Rural Areas ”, and for certain categories of customers has reduced rates by 0.8 percentage points. Now loans have become even more affordable and profitable. We believe that today this is one of the best offers on the mortgage market, ”said Yulia Demenyuk, head of the Retail Business Development and Remote Services Unit of Rosselkhozbank JSC.
The amount of the loan issued for a period of up to 25 years is up to 3 million rubles, while the initial payment is at least 10%. The bank provides the same amount of funds for the refinancing of the existing mortgage loan for the above purposes, but not more than 90% inclusive of the value of the property being purchased or under construction.
According to the Ministry of Agriculture of the Republic of Tatarstan, 1245 families have already received rural mortgages. The leader in the implementation of this program was Laishevsky district, where 245 transactions on rural mortgages were registered. In Pestrechinsky - 200, Vysokogorsky district — 153.
Credit organization "Rosselkhozbank" issued Tatarstan citizens 2.7 billion rubles for the purchase of primary and secondary housing in rural areas.