The Far East and Arctic Development Corporation and VTB announce the start of accepting applications for the “Arctic Mortgage”
On October 24, VTB was the first Russian bank to begin accepting applications for “Arctic Mortgages”. Starting today, borrowers can apply for a housing loan for as little as 2%. VTB will begin conducting its first transactions in early November after the decree of the Government of the Russian Federation has been signed and entered into force. The implementation of the “Arctic Mortgage” in the Russian Arctic is supported by the Far East and Arctic Development Corporation (FEDC).
It is planned that preferential conditions for the entire loan term will be available for the purchase of real estate located on the land territory of the Arctic zone of Russia. Residents of the Murmansk Region, the Nenets and Yamalo-Nenets autonomous districts, as well as a number of territories in the Arkhangelsk Region, the Krasnoyarsk Region, the Republics of Komi and Karelia can apply for a mortgage with a minimum rate. At the first stage, clients can submit applications for the “Arctic Mortgage” at the VTB contact center at number 1000. In early November, submitting applications for loans will become available through partners, the website, and the bank’s offices.
On October 24, VTB was the first Russian bank to begin accepting applications for “Arctic Mortgages”. Starting today, borrowers can apply for a housing loan for as little as 2%. VTB will begin conducting its first transactions in early November after the decree of the Government of the Russian Federation has been signed and entered into force. The implementation of the “Arctic Mortgage” in the Russian Arctic is supported by the Far East and Arctic Development Corporation (FEDC).
It is planned that preferential conditions for the entire loan term will be available for the purchase of real estate located on the land territory of the Arctic zone of Russia. Residents of the Murmansk Region, the Nenets and Yamalo-Nenets autonomous districts, as well as a number of territories in the Arkhangelsk Region, the Krasnoyarsk Region, the Republics of Komi and Karelia can apply for a mortgage with a minimum rate. At the first stage, clients can submit applications for the “Arctic Mortgage” at the VTB contact center at number 1000. In early November, submitting applications for loans will become available through partners, the website, and the bank’s offices.
