On 10 July, Center-invest Bank started accepting Rural Mortgage applications in the amount up to 6 million rubles for one person. Previously the maximum loan amount was 3 million rubles. Thus, two borrowers can get a loan up to 12 million rubles for purchase or construction of one real estate item.
The Rural Housing Loan Programme is applicable to purchase or construction of real estate in rural areas and agglomerations at an annual interest rate of 2.75%. The loan can be taken for 20 years term with an initial payment of at least 10%.
Center-invest Bank was one of the first banks in the country to start the implementation of the Rural Housing Loan Programme initiated by the Ministry of Agriculture of the Russian Federation. In 2022 the total volume of loans issued by the bank under this programme amounted to 1.3 billion rubles.
The applications for the Rural Housing Loan are accepted at the bank’s website.