[Russian service members will receive preferential housing loans with an annual interest rate of 2%.]
On May 27, the Russia报 reported that active and retired Russian service members will be eligible for preferential housing loans with an annual interest rate of 2%. The Russian government developed this program under President Putin's direct instructions.
-- The 2% mortgage interest rate applies to all regions across Russia.
-- Personnel who have participated in combat operations and their spouses are eligible to apply.
-- If a service member is deceased, the mortgage benefits can be transferred to their parents or adult children (in cases without a spouse).
-- Applicants must be officially registered in the area where the property is purchased.
-- The loan limit in Moscow, Moscow Oblast, St. Petersburg, and Leningrad Oblast is 12 million rubles. In other regions, the maximum loan amount is 6 million rubles. This preferential housing loan can be used in conjunction with other national support policies.
-- The minimum down payment for eligible applicants is 20% of the total property value.
-- It is expected that this program will help military families while attracting over 1 trillion rubles in investment to the construction sector annually.
Original article: https://www.toutiao.com/article/1833638836389888/
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