Additional financing under the program will be sent to Russian banks in April
The total limit on IT mortgages will be increased to 700 billion rubles. The relevant draft resolution has been approved by the Ministry of Finance and submitted to the government, according to the telegram channel of the Ministry of Finance of Russia.
Already in April, “Dom.The Russian Federation” will distribute additional limits between banks and bring financing to them, the message says.
Today, on April 1, VTB announced that from April 3 IT will suspend the issuance of loans on IT mortgages due to the exhaustion of the allocated limit under the program. However, with an increase in its financing, the bank will participate in the new allocation of funds.
At the end of February, the Ministry of Finance noted that an increase in limits by 40% — from 500 billion to 700 billion rubles — would help additionally support about 15 thousand IT specialists.
Terms of the IT mortgage:
The preferential mortgage program for IT specialists is one of the youngest of the state-subsidized housing purchase programs, it was launched in May 2022. Read more about the conditions and nuances of the program in the material of RBC-Real Estate.
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