Rosselkhozbank has announced significant updates to its "Family Mortgage" program, aimed at assisting families across Russia, particularly in the Zabaykalsk region, with their home-buying needs. The bank has decreased the minimum loan amount to 3 million rubles, making it easier for families to apply for subsidized loans through the online platform, Svoyo Zhilyo.
Boris Abaguev, the Director of the Chita branch of Rosselkhozbank, emphasized the continued importance of this program, stating, "The extension of the family mortgage on such terms is a positive factor for Zabaykalsk families, since at the current market rates they will be able to buy housing on quite attractive terms." This reflects the bank's commitment to supporting families aiming to purchase homes under favorable conditions.
The "Family Mortgage" program is designed for a diverse array of family situations. It provides access to subsidized loans for families with children under the age of seven, families with two or more children under the age of 18, and families raising a disabled child. This inclusivity ensures that many families who might struggle otherwise can benefit from this vital program.
In Zabaykalsk, applicants can secure loans ranging from 3 to 6 million rubles. This variety allows families to select loan amounts that better fit their individual financial situations and housing needs, giving them more freedom in the housing market.
The financial terms of the program remain attractive. Borrowers can obtain loans at a fixed interest rate of 6% if they opt for personal insurance, or at 7% without insurance. This structure aims to make homeownership more accessible to families who may have been deterred by high market interest rates.
The reinstatement and restructuring of the "Family Mortgage" program signifies a proactive approach by Rosselkhozbank, especially in the current economic climate where families face increased pressures in housing costs. The online application process through Svoyo Zhilyo streamlines the lending process, making it more convenient for families to get the support they need.
Overall, these updates are not just financial changes; they reflect a broader initiative by Rosselkhozbank to contribute positively to the housing landscape in Zabaykalsk. By supporting families in purchasing homes, the bank plays a dual role in stimulating the economy and enhancing the quality of life for many residents.
