Issuance of rural mortgage resumed in Tatarstan
Residents of Tatarstan can again buy a house in the countryside on preferential terms. Rural mortgages are issued by Rosselkhozbank as part of the Comprehensive Development of Rural Territories program. Preferential mortgage was resumed after the allocation of subsidies by the Ministry of Agriculture of the Russian Federation. Financial resources can now be directed to individual housing construction or to the purchase of a ready-made country house with a plot.
“Rural mortgage has already shown its necessity. During the period of this program, more than 2.5 thousand Tatarstan families were able to improve their living conditions and purchase real estate in rural areas. It is especially pleasing that among our clients there are a lot of young families for whom this is their first home. Well, the interest rate is the main advantage of rural mortgages for them,” said Lyalya Kudermetova, director of the Tatarstan regional branch of Rosselkhozbank.
You can get a rural mortgage at 3% per annum.