PSB issued 50,000th loan under military mortgage refinancing program

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Then 24, 10 January. PSB issued a loan, which became the 50,000th deal under the military mortgage refinancing program. This was announced Thursday by the press service of the bank.

“A 50,000th transaction has been concluded in the military mortgage refinancing market. an event.
It should be noted that PSB is the leader of the Russian military mortgage market with a portfolio of 85 billion rubles: during the program, about 60,000 servicemen received mortgages from this bank, half of them to refinance loans previously issued in other banks.

“The military mortgage program has proven its effectiveness as the most accessible and practical tool for solving the housing problem of military personnel. Today, the PSB is the main conductor of this socially significant program in Russia – every second loan under military mortgage refinancing is issued by our bank. It is important to us that service members and their families receive quality and affordable financial services, including mortgages, across the country. Each year, thousands of families solve their housing problems with the help of PSB mortgages. We were the first bank to massively launch a military mortgage refinancing program. Today, the program is very popular, as it allows customers to reduce credit burden and save on mortgage maintenance. We intend to continue, in partnership with Rosvoenipoteka, to develop financial instruments to provide housing for servicemen and their families,” PSB Deputy Chairman Konstantin Basmanov said at a ceremony in Yaroslavl, as quoted by the press office.

According to Konstantin Yaroslavtsev, head of Rosvoenipoteka, four years ago mortgage refinancing was not available for military personnel, when it was in demand amid falling interest rates.

“The need to develop effective tools to reduce the debt burden and improve the conditions for granting loans has been raised within the framework of the working group of the Defense and Security Committee of the Council of the Federation. Rosvoenipoteka, together with partner banks, worked to develop refinancing conditions and implement them. An active position immediately occupied the main bank PSB, which was the first to make refinancing widely available,” Yaroslavtsev said at the ceremony, as quoted by the Rosvoenipoteka press service.

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