OREANDA-NEWS. July 21, 2014. During the first six months of 2014, Sberbank of Russia issued mortgage loans worth more than 402 billion rubles, which is 70% more than in the same period last year.

The mortgage portfolio of Sberbank of Russia totalled 1.63 trillion rubles, as of July 1, 2014.

Natalia Alymova, Director of the Retail Lending Department at Sberbank commented:
"The unprecedented results for the first half of the year have been achieved thanks to launching the seasonal campaigns, the launch of new customer services, as well as the development of affiliate programs. We continue to improve the product line and in the near future we will offer a new mortgage loan for the category of customers that is very important for us”.

Starting from July 1, 2014, Sberbank has launched a campaign for the young families, as well as a special offer with reduced rates for the major mortgage products "Acquisition of finished housing" and "Acquisition of housing under construction". Special offers are available to the customers until 30 September 2014.

Starting from April 2, 2014, the new customers of Sberbank may apply for a mortgage loan with only two documents. They will need a Russian passport and a second identification document (such as driver's license, military ID, international passport, etc.)

Currently, several thousand property units are accredited in Sberbank, which allows customers to get a mortgage loan without guarantors and collateral of any other property – it is enough to have only the co-investment agreement registration. The catalogue of construction objects can be found here:

http://www.sberbank.ru/moscow/ru/person/credits/home/build-obj-item/

Minimum rates in rubles for the mortgage products of Sberbank of Russia are 9.5% per annum for special products and 11% - for the main products.