Russian banks began to actively offer borrowers to lower the mortgage rate. They are willing to lower the loan interest for a commission paid in addition to the down payment on the home loan. In this respect writer RBC.
According to RBC’s calculations, at least 8 of the largest banks offer this option to their customers.
The Central Bank saw the risks in this practice for both customers and banks.
“The borrower should be aware that, in the long run, the savings in interest payments will only benefit when the savings in interest payments exceed the amount of commission paid to the bank to lower the interest rate,” the regulator said.
According to him, in the case of early repayment of a mortgage with such an option, the benefit to the client will be “less or not at all.”
At the same time, the Central Bank noted that if the customer does not repay the loan ahead of schedule, the credit institution carries the interest rate risk with a long repayment period of such a loan.
As before reported Deputy Prime Minister of the Russian Federation Yuri Trutnev Izvestia instructed a number of departments to launch preferential mortgages in the regions of the Arctic region.