IT Mortgage in Russia: 5% Loans for Tech Workers

Note: This content is specific to the Russian Federation property market.

With the Central Bank of Russia's key rate soaring (16-18%), standard mortgage rates have become unaffordable for many. However, the government has carved out a special niche for the tech sector: the IT Mortgage (IT Ipoteka).

This program offers a subsidized interest rate capped at 5%, making it the most attractive financial product in the country.

Eligibility Criteria

To qualify, you don't just need to be a programmer; you must meet strict bureaucratic criteria:

1. Employer: You must work for a Russian company accredited by the Ministry of Digital Development and receiving tax benefits.
2. Age: Under 50 years old.
3. Income:
   • Moscow: > 150,000 RUB/month.
   • Large Cities (>1M pop): > 120,000 RUB/month.
   • Regions: > 70,000 RUB/month.
   • Under 35s: No income threshold required.

The Catch: Employment Requirement

The golden handcuffs: You must remain employed by an accredited IT company for at least 5 years after taking the loan.

If you quit or are fired, you have 6 months to find another accredited IT job. If you fail to do so, your interest rate will spike to the Key Rate + Spread (currently approx. 18-20%), tripling your monthly payment overnight.

Conclusion

For IT professionals committed to staying in Russia, this mortgage is a no-brainer. It is effectively a negative real interest rate loan given inflation. However, it severely limits your career mobility.

👉 Russian Mortgage Calculator