Starting June 27, Sber is rolling out a special sale on its DomClick press service, offering a discounted mortgage rate for purchasing apartments in new buildings. The promo places the annual rate at 3.9 percent, making home ownership more accessible for buyers navigating the market.
Officials noted that the maximum concession available to customers with exclusive discounts will be 3.8 percent. This adjustment comes as part of an ongoing effort to support buyers while strengthening the housing sector and construction activity across the country.
As recalled by authorities, this marks more than three years since the state-backed mortgage program was introduced. Alexey Leipi, director of Sberbank’s DomClick division, emphasized that the initiative has delivered tangible benefits for both real estate buyers and the construction industry. The program’s reach continues to grow, aligning with a broader strategy to stabilize housing access and stimulate new development projects.
“Approximately 600,000 Russians have taken advantage of the privileged terms to purchase new housing through Sberbank. Over time, we have refined the program to better serve buyers, and now we are lowering rates for new buildings under construction to 3.9 percent per year,” the official stated. “This change is designed to ease the financial burden for customers who are waiting for construction to complete and those ready to move into a new apartment.”
Sberbank also announced that buyers who select properties from developer partners and participants in the bank’s project financing can secure a discounted mortgage rate online through DomClick. This streamlined process enables customers to compare and choose suitable options with greater convenience and transparency.
It is important to note that the minimum mortgage rate applies during the construction phase when applicants utilize electronic registration, and it is subject to standard requirements such as life and health insurance and a 20-year loan term. The update reinforces the bank’s commitment to providing competitive financing while maintaining prudent underwriting and consumer protections. (Source: Sberbank DomClick press service, June 2024 update).