VTB plans to issue 250 billion rubles of mortgages at 6.5%

As part of the “Mortgage with State Support 2020”, VTB plans to issue 250 billion rubles of loans, which will be one third of the total limit of 740 billion. The bank sent a corresponding application to the program operator. Given the high demand for new mortgages, VTB proposes to extend the program not until November 1, but until the end of this year. This was stated by Deputy President and Chairman of the Board of VTB Anatoly Pechatnikov during a video conference.

For a month of work under the state program, VTB has already completed over 4.5 thousand mortgage transactions for 13.5 billion rubles. The average amount of one loan was about 3 million rubles. In total, the bank accepted about 11 thousand applications for more than 33 billion rubles. The leading regions in terms of obtaining loans are Moscow and the region, St. Petersburg, Rostov-on-Don, Yekaterinburg, Barnaul.

“According to our estimates, until the end of September, the limit of 740 billion rubles will be enough to carry out 250,000 transactions with a loan of up to 3 million rubles. It really matches the needs of the market. We are ready to give out a third of this amount, about 250 billion. At the same time, it would make sense to think about extending the program, at least until the end of this year. It is already clear that the product is in demand; in the first month alone, we accepted applications for 33 billion rubles. Therefore, one of the proposals is to extend this program at least until the end of the year,” Anatoly Pechatnikov emphasized.

"Mortgage with state support 2020" allows you to get a loan at a reduced rate of 6.5% to customers who purchase apartments in new buildings. The maximum loan amount determined under the program is 8 million rubles for Moscow, the Moscow Region, St. Petersburg and the Leningrad Region, and 3 million rubles for other regions of the country. The down payment is set at 20%, the mortgage term is up to 20 years.

VTB began work on the program on April 17, being the first bank to accept applications and execute loan transactions. Today, VTB issues every fourth mortgage in the country. According to the results of January-April, the bank's portfolio in the segment of housing loans grew by 4.8% to 1.76 trillion rubles. In total, in January-April, the volume of housing loans issued increased by 21% compared to last year, to 248 billion rubles.