More than 3,000 families in Tatarstan have taken out a rural mortgage
The rural mortgage program has been implemented in Tatarstan for almost three years. During this time, with the support of the Russian Agricultural Bank, more than 3,000 families were able to purchase real estate on favorable terms. The total amount of loans issued was 6.8 billion rubles, and the average mortgage loan is 2.6 million rubles. Upon receipt by the Federal Register of Tatarstan of electronic documents in respect of real estate purchased under the Rural Mortgage program, registration of these objects is carried out as soon as possible.
“The total term for registering a mortgage is 5 working days. When our department receives electronic documents in relation to real estate purchased under the Rural Mortgage program, these objects are registered much faster, also due to the implementation of the 24-Hour Mortgage project in the region. If, during the legal examination, reasons are revealed that impede the registration of real estate, the specialists of our department immediately contact the applicants for the prompt elimination,” said Azat Zyabbarov, head of the Rosreestr of Tatarstan.
An analysis of applications approved by specialists of the Tatarstan regional branch of the RSHB shows that within the framework of rural mortgages, houses are preferred to be purchased in all regions of the republic, but the most popular are Laishevsky, Zelenodolsky, Pestrechinsky, Vysokogorsky, Tukaevsky and Arsky districts.
“Rural mortgage is one of the most demanded mortgage programs of Rosselkhozbank in the region. In 2022, under this program, we were able to support the population by 1.3 billion rubles. In terms of loans, Tatarstan is traditionally one of the top three leading regions,” said Lyalya Kudermetova, director of the Tatarstan regional branch of Rosselkhozbank.
The conditions for obtaining a loan on a rural mortgage are that the potential borrower must be at least 21 years old, have permanent or temporary registration on the territory of the Russian Federation. The maximum loan amount for the purchase of real estate in the Republic of Tatarstan will be 3 million rubles, for married couples the loan amount can be increased to 6 million rubles. You can get a loan for up to 25 years, the down payment is from 10%.