Sberbank Cuts Family Mortgage Rates To Boost Homeownership

On April 7, 2025, Sberbank announced a significant reduction in interest rates for its Family Mortgage program, which now features an increased loan amount. This change is set to make homeownership more accessible to families in Russia, particularly in major urban areas.

The average weighted interest rate for the Family Mortgage program now ranges from 10.3% to 17.2%, depending on the loan amount. Previously, rates varied from 10.3% to a staggering 22.6%. This reduction is expected to relieve financial pressure on many families looking to purchase homes.

Under the new terms, Sberbank clients can secure a family mortgage for amounts up to 30 million rubles in Moscow, the Moscow region, St. Petersburg, and the Leningrad region. In other regions, the maximum loan amount is set at 15 million rubles. The basic limits for the program are 12 million rubles and 6 million rubles, respectively, for these areas.

For loans up to the specified limits, Sberbank is offering a preferential interest rate of 6%. For amounts exceeding these limits, the market rate applies. This structured approach aims to provide families with more favorable financing options while maintaining the bank's competitive edge in the mortgage market.

The new conditions apply to both primary and secondary housing, as well as the construction segment, which includes individual housing construction (IЖС). This comprehensive coverage is designed to cater to a wide range of housing needs and preferences.

Clients interested in applying for the Family Mortgage can do so by selecting the program on the Domclick platform and specifying their loan parameters. Notably, clients who have already received approval under the previous conditions are also eligible to recalculate their loan rates according to the new, lower rates. To take advantage of this, they simply need to request a call or communicate via chat with Sberbank's customer service.

This move by Sberbank comes at a crucial time as many families are navigating the complexities of the housing market. With rising costs and economic uncertainties, the reduction in mortgage rates is a welcome relief for many. According to Interfax, the initial payment for the Family Mortgage remains unchanged at 20%, providing a stable entry point for families looking to secure their homes.

As the housing market continues to evolve, Sberbank's adjustments to the Family Mortgage program reflect a broader trend of financial institutions adapting to meet the changing needs of consumers. The bank's commitment to supporting families in their pursuit of homeownership is evident in these new offerings, which aim to enhance accessibility and affordability in the mortgage landscape.

In conclusion, Sberbank's recent rate reductions for the Family Mortgage program represent a significant step forward in making homeownership more attainable for families across Russia. With competitive rates and flexible terms, the bank is positioning itself as a leader in the mortgage market, ready to support families in achieving their housing goals.