Sberbank unveils lowered interest rates for mortgages
Sberbank Reduces Mortgage and Consumer Loan Rates in Response to Bank of Russia's Key Rate Cut
In a move that reflects easing inflationary pressures and a slowing domestic demand growth, Sberbank has decreased mortgage and consumer loan rates following the Bank of Russia's decision on July 25, 2025, to cut the key rate by 200 basis points to 18.00% per annum.
Before the June reduction, the key rate had been at 21% since October 2024. Since July 1, 2025, Sberbank has reduced mortgage rates by 0.5 to 2 percentage points. This aligns with the general market trend of gradual rate reductions following the regulator’s key rate cut.
For the "Residential Construction" program, the mortgage rate stands at 19.8%, while for primary and secondary housing, the rates are 19.4% and 19.8%, respectively. For amounts over 1 million rubles, the minimum rate is 20.9%, and for amounts up to 1 million rubles, the rate decreases by 2 percentage points.
While the exact new minimum rates for mortgage and consumer loans after the latest key rate cut on July 25 are not explicitly detailed, consumer loan rates are expected to decline correspondingly following the key rate cut. From July 28, the maximum rates for "SberDeposit" and "Best %" will drop to 16% per annum for a term of 4 months.
Starting from July 28, mortgage rates will decrease by 2 percentage points for all client categories. However, the specific new minimum rates for mortgages and consumer loans post-July 25 key rate cut are not provided in the results.
It is important to note that bank lending rates typically follow changes in the key rate but are also influenced by risk assessments and regulatory limits on high-risk borrower exposure. Therefore, the exact rates can vary based on borrower profile and loan conditions.
The Bank of Russia decided to reduce the key rate by 2 percentage points to 18% on July 25, marking the second time the key rate has been reduced. The previous reduction occurred on June 6. The next rate meeting is scheduled for September 12.
In response to the Bank of Russia's key rate cut on July 25, 2025, Sberbank adjusted their mortgage and consumer loan rates, reflecting a broader market trend of rate reductions. Consumer loan rates are thus anticipated to decline following the key rate cut. Moreover, starting from July 28, a 2 percentage point decrease in mortgage rates will apply for all clients, indicating a broader effort to facilitate business and finance in the face of easing inflationary pressures.
