The government has extended the program of preferential mortgage

the Government of the Russian Federation on behalf of the head of state has extended the program of preferential mortgage at 6.5% per annum, said on Monday Mikhail Mishustin at the working meeting with Deputy Prime Ministers, which was broadcast channel “Russia 24”.

“under the new order of the President, the government prepared changes to the rules of issuance of such loans. The decree has already been signed,” — said Mishustin.

the Maximum amount of tax credit residents of Moscow, St. Petersburg, Moscow and Leningrad regions increased from 8 million to 12 million rubles for residents of other regions – from 3 million to 6 million rubles. “This is a very important change,” — said the head of government.

the Russian President in address to the citizens of the country on 23 June 2020 stressed the need “to expand opportunities for choice of comfortable, modern housing” and proposed proposed to expand the preferential mortgage at 6.5% per annum and increase the marginal cost of housing in this program.

under the program, which was created by order of Vladimir Putin, you can buy an apartment in a multistory building, if it’s a shared construction. Now under the terms of the mortgage at 6.5% APR to get a loan at a reduced rate is possible until 1 November 2020. Rate is valid for the entire term of the loan, the maximum loan term is 30 years. The maximum mortgage amount is for Moscow and St Petersburg 8 million rubles for other regions — 3 million rubles.