Russia ties family mortgage rates to the number of children. In Moscow, the rate for one-child families doubles to 12% on October 1.
Russia ties family mortgage rates to the number of children. In Moscow, the rate for one-child families doubles to 12% on October 1.
Russia’s Finance Ministry has revised the terms of its “Family Mortgage” program. Starting October 1, interest rates will depend on how many children a family has and where it lives.
Outside Moscow and St. Petersburg, annual rates will range from 10% for families with one child, with a loan limit of 6 million rubles, to 2% for families with five or more children, with a limit of 10 million rubles.
In Moscow, the Moscow region, St. Petersburg, and the Leningrad region, annual rates will range from 12% for families with one child, with a loan limit of 12 million rubles, to 4% for families with five or more children, with a limit of 18 million rubles.
Under the new terms, any family with at least one child under seven when the mortgage agreement is signed will be eligible.
For loans to build or finish building a house, or to buy land and then build a home on it, the rate will remain at 6%, regardless of the number of children or where the family lives.
The Finance Ministry said the changes would make the “Family Mortgage” program “better targeted and geared toward demographic goals.”
Previously, the program offered a flat 6% rate, with loan limits of 12 million rubles in Moscow, the Moscow region, St. Petersburg, and the Leningrad region, and 6 million rubles elsewhere. Borrowers had to make a 20% down payment.
Russia launched the “Family Mortgage” program in 2018. Kommersant reported in June 2026 that officials were discussing whether to vary the program’s interest rates and loan limits.
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