Starting from April 3, 2024, VTB Bank will temporarily stop issuing IT mortgages. In this respect reports The publication Kommersant (Kommersant) refers to the platforms Sdelka.rf and TASS.
The credit institution explained the reason for refusing to issue a mortgage with special conditions as the limit being reached. It is unknown when the procedure will resume.
“The bank is temporarily suspending the conclusion of loan agreements under the Mortgage program with State Support for IT due to the exhaustion of the issuance limit approved by VTB and other lenders under the program,” the bank said.
VTB launched a preferential mortgage program for employees of Russian IT companies last spring. The rate was 4.7 percent. The loan amount was limited to 18 million rubles. to purchase housing in cities with a population of more than one million and 9 million rubles. In settlements with less than one million people.
The IT mortgage is a program for information technology industry workers who start working in May 2022 due to the increased outflow of young IT professionals from the country. The authorities then decided to motivate the wanted personnel to stay in their home countries.
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