Since the Bank has explained this decision.
In October 2018, Sberbank raised interest rates on loans and mortgages, as it became known from the official website of the Bank. October 15, Sberbank raised rates on consumer loans, and from October 22 to mortgages and refinancing. The maximum increase was from 2.2 percentage points (PP).
Sberbank increased mortgage rates for new buildings 0.4 percentage points, and in ready home on 0.6 p. p. was Also increased rate of a mortgage, which is issued when there are only two documents — the increase amounted to 0.2 p. p.
Taking into account of the changes, 22 Oct 2018 Sberbank started issuing mortgages for apartments in under construction houses at 9.5% per annum. The mortgage rate for finished housing is now a 9.7-to 10.1% to 9.2 or 9.6 per cent for young families. It is important to note that all of these indicators are relevant only for clients of Sberbank. For customers of other banks, all rates above 1%.
Earlier, on October 15, Sberbank increased the minimum rates on consumer loans. The increase was high at 1-2,2 n. n. For the Bank’s clients who have payroll cards and pensioners loan rate is 12.9%. For all other borrowers is 13.9%. The maximum rate on consumer credits remained unchanged at 19.9 percent.
Sberbank explained why the Bank was forced to raise rates on mortgages and loans. The representatives of Sberbank, said that the change occurred in connection with the need to adapt to current market conditions.