VTB Bank changed mortgage loan terms and conditions

VTB Bank announced an update of mortgage lending terms for real estate purchase. From April 25, 2025, the bank introduced a fixed interest rate and abandoned the previous range of rates.

The main changes on mortgages at VTB Bank:

Nominal rate:

1. Was: from 11.1% to 13.7% per annum
2. Became: fixed rate of 13.3% per annum

Effective rate (includes all additional expenses on the loan):

1. Was: 12.5% to 15% per annum.
2. Became: fixed effective rate of 14.3% per annum.

Rate revision after 4 years

A new condition of the loan agreement provides for the possibility to change the interest rate after 48 months of the loan. The Bank reserves the right to increase or decrease the rate by +/- 3 percentage points depending on market conditions and lending policy.

This means that after four years the rate may change, for example:

1. Minimum - up to 10.3% per annum
2. Maximum - up to 16.3% per annum

What does this mean for borrowers?

1. Transparent conditions: a fixed rate for the first four years allows borrowers to plan their mortgage costs accurately.
2. Flexibility in the future: the possibility of revising the rate will give the bank a tool to adapt the conditions to changes in the market situation, and borrowers - the chance to reduce the interest rate in favorable economic conditions.

If you plan to take out a mortgage in the near future, such changes should be taken into account when comparing bank offers.

Find a favorable mortgage with AFM - compare the terms of banks in the “Mortgage” section and choose the best option for you.