Sberbank has reduced the cost of consumer loans by one percentage point, effective June 12, bringing the smallest base rate for any purpose to 14.9 percent per year. The bank announced the change through its press service, signaling a notable shift in its lending policy across the board.
During the introductory period, the annual rate will be 8.9 percent, with an especially favorable offer for holders of SberPrime or similar subscriptions. For customers borrowing up to 300 thousand rubles for a term of one year, the rate drops to 6.9 percent, presenting a rare blend of affordability and short-term flexibility for ready access to funds.
Concurrently, the upper limit on ruble deposits has been set at 8 percent, marking a tighter cap on potential earnings for savers while the bank adjusts its product mix in line with market dynamics.
The bank attributed the move to the regulator’s decision to lower the key rate on June 10, noting that Sberbank promptly aligned its loan terms to reflect the new macroeconomic environment. A spokesperson in the Debt and Savings division emphasized that the country’s most popular loan product now carries a reduced rate, underscoring the lender’s intent to support borrowers amid shifting financial conditions.
Earlier in the week, Sberbank also adjusted the eligibility age for preferential mortgage borrowers, lowering it from 21 to 18 years. This change expands access to favorable mortgage terms for younger buyers looking to purchase either a new apartment or a residence in the secondary market, aligning mortgage policy with evolving consumer profiles and housing market needs.