The Russians were named a way to reduce the rate on family mortgages

The birth of a second and subsequent child will help Russians reduce the rate on their family mortgage without switching to another bank and applying for a new loan. Deputy Chairman of the State Duma Committee on Construction and Housing and Communal Services Alexander Aksenenko told the borrowers how to reduce the interest rate, his words are reported by Gazeta.Ru.

We are talking about a mortgage issued under the new rules from October 1, 2026. For contracts concluded before this date, the previous conditions will remain.

“With a debt balance of 6 million rubles and a term of 15 years, the monthly payment at 12 percent is about 72 thousand rubles. Reducing the rate to 10 percent reduces it to 64.5 thousand rubles, to 8 percent - to 57.3 thousand, to 6 percent - to 50.6 thousand rubles. The difference between payments at 12 and 6 percent exceeds 21 thousand rubles per month, or 250 thousand rubles per year,” Aksenenko noted.

The parliamentarian believes that the rate recalculation should remain a simple procedure. At the same time, the birth of a child should not trigger a new assessment of the solvency of the family, apartment and insurance with re-passing bank approvals.