Sberbank started refinancing previously issued mortgages

According to RIA Novosti, the rates will fall to the level of the rate under the mortgage refinancing program plus 1 percentage point.

"We have launched this program since July 15. Now you can reduce the rate on the current mortgage - up to 11.5% or up to 12.5%, depending on the conditions of life insurance on the mortgage", - the agency quotes the words of the head of Sberbank German Gref.

The offer to reduce the rate can be used once and only until October 15 this year.

Recall that in Russia the preferential mortgage rate has risen from 7% to 12% after the Central Bank raised the key rate to 20%.

Earlier, mortgage clients of Sberbank complained that the credit institution began to increase the down payment on such a loan for those who already had an approved application. However, the bank explained that such measures were taken to those customers who were refused.