Yakutians, living in villages, may use 0,1% mortgage in 2020
The republic residents may take mortgages at 0,1% for construction in rural areas under the “Integrated Development of Rural Areas” federal program, Yakutia 24 TV channel reports.
The program is implemented by the Republic Ministry of Agriculture. It will start in January 2020.
“In fact, this rate will be 0,1%. The program provides no age restrictions, any resident can take a mortgage. The main condition is that houses should be built in rural areas, and primary housing should also be in a village,” said Vasily Timofeev, director of the Yakutsk regional branch of Rosselkhozbank JSC.
The federal budget will allocate one trillion rubles for five years for the implementation of the program; regional authorities and private investors will cover another trillion rubles.
It is stated that now Sberbank and Russian Agricultural Bank are participating in this program. This program provides subsidizing of mortgage rates: the federal budget subsidizes up to 3%, and the regional – 2,9%.