Rating of banks on mortgage: rates, conditions, documents

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Mortgage is not an event of one day or even a year. According to special resources, Russians prefer to take out a mortgage for an average period of 5 to 12 years. There is a small percentage that expects to repay the loan in record time, or another category that prefers maximum terms. True, the longer the term, the longer the overpayment. But the repayment period of the loan is considered depending on the level of income and other individual conditions of the borrower. Are you planning to take out a mortgage? Which banks are more profitable, we will tell in the article.

Comparison rates

According to data for 2018, rates in Russia averaged 9.88% for new housing and 10.14% for secondary housing. Is it a lot or a little? To understand this, it is recommended to inquire about rates in other countries.

To date, the highest rates are recorded in Venezuela - almost 22%. Ukraine is next, with approximately the same indicators. Another country with expensive mortgages is Argentina. There rates reach up to 27% per annum.

And there are still countries in which mortgages can be obtained at symbolic interest. For example, the Japanese pay only 0.72%. But at the same time, the cost of a 3-room apartment reaches almost a million dollars. The same rates for real estate and 1.58% apply in Switzerland. The Swiss can count on bank coverage of up to 80% of the cost of the object. There is an option to buy a three-room apartment a little cheaper - in Finland - almost half a million dollars, and the mortgage rate will be about 1.07%.

When viewed in a comparative way, Russia is somewhere in the middle of these indicators. The price of real estate is the same. But over the past few years, the trend of mortgage rates is still going down. Now consider the rating of banks for mortgages for 2019.

1. Sberbank

Domestic financial colossus occupies almost 62% of the total mortgage portfolio in the country. By the way, the second role in this list belongs to VTB 24. And this is not surprising, since Sberbank offers a very wide range of services specifically for the purchase of real estate:

• Mortgage for secondary housing for up to 30 years on the terms of 10, 2% rate, down payment is only 15%. The minimum loan amount is 300,000 rubles, the maximum is no more than 85% of the value of the purchased object.
• The purchase of housing in new buildings is also financed for up to 30 years. The minimum amount is 300,000 rubles, the maximum is no more than 85% of the cost of the apartment. Here, rates of 8.5% are provided.
• If you pay biginterest rates, the law allows you to transfer your mortgage to any other bank, where they are less. This procedure is called mortgage refinancing. Using this system, you can also request from 300,000 rubles to 85% of the remaining mortgage amount in another bank. The new interest rates actually have every chance of being profitable - only 10.9%.
• Mortgage for a family supported by the state. This product is available to all families who have or have a second or third child between January 1, 2018 and December 31, 2022. Under this program, citizens can count on a loan of up to 12 million rubles, which can be repaid over 30 years. The minimum rate is 6%. An excellent option for those who are looking for a low-interest mortgage, as no other bank offers lower rates yet.
• To become a client of Sberbank, it is not necessary to buy an apartment. There are also offers for those who value space and territory. A mortgage for the construction of a residential building for up to 30 years and at a rate of 11.6% is a rather interesting offer. You can claim amounts from 300,000 rubles to 100% of the cost of construction costs.
• Unlike other creditors, Sberbank is also ready to support the purchase of a dacha or a country house. The overpayment in interest rates will be only 11.1%, which can be paid over 30 years.

In addition, Sberbank is a reliable partner of the state in the implementation of various programs that support young families, militaryand other categories. Sberbank also works with maternity capital. It can be used as a down payment or to pay off a loan. In such cases, it is enough to present a certificate for maternity capital.

2. "VTB 24"

Over the past years, it has been confidently holding high positions in the rating of banks on the mortgage "VTB 24". To date, proposals for the purchase of housing are as follows:

• An apartment in a new building, where ownership has not yet been registered, can be bought at a rate of 10.1%. You can request any amount up to 60 million rubles. Term - up to 30 years.
• Resale housing is offered from a rate of 10%, you can also request up to 60 million rubles. The term is similar. In this case, the area of the purchased apartment must be at least 65 square meters. m. An option is being considered even without proof of income.
• If the rates on the current loan rates are high, they may drop to 10.1%. On this line, you can purchase both finished housing and housing in a new building.
• Mortgage for large areas. This product implies reduced rates for the purchase of an apartment with an area of 65 sq. m. It is not necessary to confirm income, you can use maternity capital. In fact, you can count on a rate of -0.5% compared to other rates.
• One of the most advantageous offers of VTB 24 bank is a mortgage for the military. You can request up to 2.5 million rubles. The return period is up to 20 years. The rate is 9.8%.
• State-supported mortgages apply to the same category as in Sberbank: for families with a second or third child born from January 1, 2018 until the end of 2022. Such families can count on rates in the region of 6%. An initial payment of 20% of the cost will be required.
• Also, "VTB 24" is considering the purchase of mortgaged real estate. Its cost should be within 60 million rubles. The loan will have to be repaid within 30 years. And the stakes are 10.6%.

3. "Unicredit Bank"

The rating of banks on mortgages will be incomplete if the role of "Unicredit Bank" is not noted in it. In recent years, this bank has successfully entered the forefront, and today you can count a lot of citizens who want to receive their help. Mortgage in "Unicredit Bank" is diverse. Each product deserves special attention:

• Refinancing mortgages for secondary housing at 10, 20%.
• Refinancing mortgages for primary housing at 10.25%.
• Buying an apartment in a new building at 10.25%.
• A loan for an apartment at 10.75%.
• Program "Mortgage is calling!" at 10% per annum.
• Mortgage at 6% per annum or government subsidies.
• Buying a cottage on credit at 13.25%.
• Target loan, including for the construction of a house or summer house, at 13%.

Each type of Unicredit Bank mortgage is issued for up to 30 years.

4. Alfa Bank

In Alfa Bank, a loan for housing is issued in two directions: issuing a mortgage directly for the purchase and servicing a loan issued under partnership programs. The following conditions await customers:

• You can request any funds up to 50 million rubles for the purchase of finished housing. The repayment period is 30 years. You must have at least 15% of the cost of housing with you. The interest rate is 10.19%, and the bank's salary customers can count on -0.3%.
• Loan for housing is non-target financing for up to 30 years at 13.49% per annum. Amounts of at least 600,000 rubles are issued. This service is valid not only for Russians, but also for citizens from Ukraine and Belarus. Of course, the registration of a citizen can be any, but the property must be registered on the territory of the Russian Federation.
• What are the conditions for a mortgage in Alfa Bank when buying a home in a new building? Here you can count on similar amounts - up to 50 million rubles, which can be returned within 30 years and at 10.19% per annum. The down payment is 15% of the total cost of housing.
• Another reason why Alfa Bank is included in the rating of mortgage banks as the best is the refinancing conditions. If the client decides to transfer his financial obligations from another organization, then a pleasant 9.99% is expected - one of the lowest in the country. There are practically no restrictions on the amount of the request - you can claim amounts in the range of 50 million rubles with very decent terms -under 30.

In addition, preferential rates are provided for payroll clients and for participants in other programs of the bank. "Alfa Bank" is the best solution for those who are looking for where to get a low-interest mortgage.

5. Bank "Uralsib"

"Uralsib" is also ready to fulfill the dream of owning an apartment. Offers are very diverse:

• The purchase of finished housing will cost an overpayment in the form of rates of 10.7%, the down payment is 15%. Mortgage term - up to 30 years.
• Similar conditions await those who prefer housing in a new building. The only difference is the lower interest rates - 10.5%.
• When refinancing the mortgage of another bank, you can count on amounts up to 50 million rubles. The procedure is simple and without commission. The minimum bet will be 10.9%.
• If you have housing, but you need funds for another significant event, it is recommended to take a mortgage under it. Mortgage at Uralsib Bank in this case does not require a down payment, and the rates will be about 12%, which can be repaid within 30 years.
• In the same way, you can mortgage an existing apartment and get a loan of up to 6 million rubles at 13.5% per annum.
• Many military also prefer Uralsib, as they have a separate funding program. As part of the program, you can request an amount of up to 2.8 million rubles. Fixed rate - 10.9%.

Another difference between Uralsib Bank and its competitors is the provision ofmortgage holidays to their clients. They are relevant for customers who bought housing in a mortgage at the construction stage. Thanks to mortgage holidays during the construction phase, they can pay a smaller part of the mortgage, which is very beneficial, since many of them at this stage are forced to combine mortgage repayment and rental housing payments.

6. Gazprombank

Mortgage in "Gazprombank" is divided into two types: within the framework of partnership programs and current promotions. There are about 20 offers in total. Consider the most interesting ones:

• Family mortgage - gives the right to use funds in the amount of up to 8 million rubles. Initial payment - from 20% of the value of the object. Interest rates are only 6%. You can repay obligations within 30 years.
• Mortgage with a grace period. This product opens up a chance to get up to 45 million rubles at 6.7% per annum. The amount of the down payment is only 15%. Maturity is similar - 30 years.
• Also, many are concerned about documents to the bank for a mortgage, as they may be required from various sources and in large quantities. Gazprombank has simplified the conditions as much as possible, and now you can apply for two documents. Simplified documentation conditions do not affect other nuances: the rates are still acceptable - 11%, the maximum amount is very solid - up to 10 million rubles. The amount of the down payment is relatively higher - 40% of the value of the object.
• Terms of purchase of the primary and secondary markets are similar. In both cases, you cancount on rates of 10.5%, and you can apply for amounts up to 60 million rubles. The amount of the down payment is also symbolic - 10%.
• When refinancing a mortgage at Gazprombank, you can count on amounts up to 45 million rubles at a rate of 10.5%. Similar conditions await when buying a home from the official partners of the bank and when buying a place for a car.

When mortgage rates are considered, the rating of banks plays an important role, as this is an event for many years. From this point of view, Gazprombank is on the list of the best at present.

7. "Communication bank"

He is ready to finance a wide range of real estate, ranging from apartments to land. Another noteworthy point is the absence of the need to confirm income. Let's consider the most interesting offers from Sviaz Bank:

• Purchasing ready-made housing with the help of Svyaz Banka will cost 10.25% more than for cash. But unlike a cash purchase, it is not necessary to have 100% of the value of the object with you, 15% is enough.
• If you plan to buy a residential building with a land plot, then only the rates differ - about 11%.
• There are also special conditions for military mortgages: a simplified documentation system, free review and 54 regions of action. 9.4% per annum are accrued on the funds received. You can request an amount from 400,000 thousand to 2.5 million rubles. The term of financing is from 3 to 20 years.
• Also in "Communicationbank" you can arrange mortgage refinancing for all types of real estate at a rate of 9.75%. The requested amount should be within 30 million rubles.
• Also in Svyaz Bank, mortgages are provided for measures to improve housing. The line is called "Big Collateral Loan" and provides rates from 16 to 17.5%. Residents of Moscow can claim up to 10 million rubles for this product, residents of the regions - up to 5 million rubles.

Another feature is mortgages in the regions of the country where Svyaz Bank branches are present.

Rating criteria

Different resources determine the rating of banks from different points of view. From an economic point of view, an indicator of the reliability of a financial organization is the volume of the financial portfolio - the more funds it has, the more customers it can serve. The attractiveness of the bank for customers is evaluated by several other criteria. Especially in such a long format of cooperation as a mortgage. The rating of Moscow banks from this point of view is reduced to a comparison of such indicators as the size of rates, terms of financing and a package of documents.

Many people remember the bureaucracy in the banking sector, when clients had to run even for months to get financing, collecting a pile of documents and certificates. The trend these days is more positive, with banks moving away from these complexities and increasingly looking to make it easier to accept applications.

If we take interest rates, today the leader is"Gazprombank", offering almost 6% per annum. However, the role of leadership in the market belongs to Sberbank. This suggests that both rates and the reliability of the institution itself are equally important for the population.

As regards the submission of documents, banks are in demand today, ready to consider applications for a minimum of papers. Usually this is a passport and a certificate of income. But the second document is also less and less mentioned in the list of documents of the bank, since now not only regular income is taken into account, but also other types of assets, such as a bank deposit, shares or income-generating property.

What documents are required?

The list of documents depends on the individual conditions of the client and on the type of lending. The standard set consists of the following:

• Identity document.
• Certificate of employment or business documents.
• Documents of the spouse.
• Information about the composition of the family.
• Certificate of residence.
• Documents for the purchased object: technical passport and title document.
• If we are talking about buying a new building where there are no documents, then you must submit an agreement with the developer.
• Other documents at the discretion of the bank.

If maternity capital is involved in lending, then a certificate is attached. The review procedure usually takes from 2 days to 1 week. The mortgage lending agreement is signed after the bank makes a positive decision on the application. During the term of the contractthe property will be pledged to the bank as collateral.