Sberbank has reduced the minimum loan amount secured by real estate from 500 to 300 thousand rubles, the press service of the bank said.

„Reducing the minimum amount of a loan secured by real estate will help a greater number of our clients receive borrowed funds on the most favorable terms, because thanks to the presence of collateral, the rate on such a loan is lower than on a consumer loan,” commented the vice president, director of the Domclick division of Sberbank Nikolay Vasev.

Subject to life and health insurance of the borrower and electronic registration of the transaction, the loan rate can be reduced to 10.2. The maximum loan amount is 5 million rubles, the term is from one year to 20 years.