Key parameters of the “industrial mortgage” mechanism have been updated

Key parameters of the “industrial mortgage” mechanism have been updated

The Ministry of Industry and Trade of Russia, together with the Ministry of Finance and the Ministry of Economic Development, developed new conditions for the program, taking into account the analysis of the results for 2023.

Participation in the program is available to enterprises with revenues of up to 2 billion rubles and small technology companies with revenues of up to 4 billion rubles.

️A “floating” formula for calculating the preferential interest rate is being introduced: if the key rate of the Bank of Russia is below 10%, the preferential rate for the borrower will be 3% for small technology companies and 5% for other borrowers. If the key rate exceeds 10%, the preferential rate will change in proportion to the key rate.

Loans under the program are issued for a period of up to 7 years for a total amount of up to 500 million rubles. The state compensates banks for the difference between preferential and market rates.

Read more about the new rules of “industrial mortgage” at the link (https://minpromtorg.gov.ru/docs/docs/?pdfModalID=62c74928-3c7d-42cb-9f63-d1993f255b0f).