Mortgage ("Raiffeisenbank"): reviews, conditions, rate, repayment, refinancing

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

With the development of the socio-economic sphere, the need of the population for lending is increasing. Making a loan in financial institutions makes it possible to make a profitable purchase, find the necessary amount at the right time or buy real estate using a mortgage. Many profitable offers can be found among Raiffeisenbank's loan programs.

What is a mortgage?

Mortgage means mortgage of real estate. It can be used to buy a home on credit. It is allowed to issue a loan with one or several agreements (credit, mortgage). They regulate the status of the participants (the bank is the creditor, the borrower is the debtor) and the conditions for repaying the debt. The client of the bank is obliged to repay the debt according to the payment schedule, taking into account interest if there is a debt. Some organizations require the presence of a mortgagor under a mortgage agreement, which will provide its housing as collateral. Mortgages must be registered in the Unified State Registerrights to real estate and transactions with it.

How to choose the right mortgage loan?

Before choosing a mortgage, the client must conduct a thorough comparative analysis of offers from different banks. Such a loan is always issued for a long period, so you need to take into account all the important nuances:

• the possibility of currency fluctuations in the process of debt repayment;
• the presence of additional fees for servicing the loan;
• the amount of associated costs (for example, appraisal of the market value of mortgaged housing, insurance service, government fees).

It is also very important to objectively evaluate your ability to pay and options for repayment of the loan in case of unforeseen difficulties, such as losing a job or needing treatment. It is necessary to have the required amount of the down payment, adequately analyze your ability to regularly make payments on the loan, choose the most profitable and convenient way for you to repay the loan. The client must independently study the mortgage agreement before signing, and clearly understand for himself the full cost of the loan, the amount of the total overpayment. If in doubt, you should consult a lawyer. But in most cases, the best option for all categories of customers is a mortgage (Raiffeisenbank). Feedback on the work of the organization is mostly positive.

Mortgage at Raiffeisenbank: conditions for obtaining

"Raiffeisenbank"offers favorable conditions for obtaining a mortgage. Such a loan will allow you to expand your living space, buy new housing at a good interest rate and without any extra paperwork. To open a mortgage agreement with Raiffeisenbank, you need to prepare a package of documents and prove your ability to pay.

Benefits of the loan offer

"Raiffeisenbank" has developed optimal conditions for obtaining a mortgage. The client can choose the most beneficial option for himself, taking advantage of all the benefits of mortgage programs from a financial institution:

1. Favorable offer from JSC "Raiffeisenbank" - the mortgage rate starts from 11%.
2. Minimum package of documents and reduced rates for special categories of clients.
3. Organization of promotions with partners and developers to form the most favorable price for housing.
4. Application for mortgage lending is considered only 2-5 days.
5. Guarantees are not always required.
6. When considering a mortgage application, the spouses' income is summed up.
7. Insurance contract may include only one section - regarding the risk of damage, loss of real estate.
8. There are no additional fees for early mortgage repayment. This is practiced by Raiffeisenbank (St. Petersburg). A mortgage greatly expands the client's options.
9. Internet banking for easy payments.

In addition, the bank has specialoffers to payroll clients. For this category of borrowers, the list of required documents has been reduced (you only need a passport and SNILS). But there are additional requirements: work experience at the last place of work is at least 3 months, and the total is at least 1 year, the absence of your own business, wages are transferred as part of the salary project and are considered as the only source of income.

Package of documents for obtaining a loan for real estate

The speed of providing a mortgage also depends on the client's compliance with the conditions, submission of a full package of documents. Generally, it includes:

• application-questionnaire;
• personal documents (passport, insurance certificate of compulsory pension insurance, consent to the processing of personal data, marriage certificate);
• employment information (employment record or agreement from place of work, lawyer's certificate);
• income documents - 2-personal income tax, 3-personal income tax, bank account statement with a breakdown of the purpose of regular payments, free-form income certificate, extract from the USRN;
• information on the subject of pledge ("Raiffeisenbank", St. Petersburg). Mortgages do not always provide for this item.

The set of documents is standard, their collection does not cause any particular difficulties. One of the most profitable options is a mortgage (Raiffeisenbank). Customer reviews are almost always positive.

Interest rate and mortgage repayment at Raiffeisenbank

The interest rate on a mortgage depends on the chosen creditprogram and its conditions. Before making the final choice, you should carefully study its points. In some situations, the interest rate and pen alties may increase.

You can make indicative calculations on a loan using a special online service. Such an offer is made by the program "Raiffeisenbank" - Ipoteka. A calculator with which you can calculate your loan can be found by clicking on the "Individuals - Mortgage" tab. If necessary, you should use the services of real estate partner companies. You can get acquainted with their list in the "Mortgage - Partners" section.

Types of mortgage programs from Raiffeisenbank

The financial institution offers several types of mortgage programs. Raiffeisenbank offers different terms and interest rates. Mortgage for secondary housing has more favorable conditions for customers. All available programs are presented in the table:

Name of mortgage program	Annual interest rate	Credit term	Maximum loan amount in rubles	Down payment
Apartment on the secondary market	11, 5%	1-25 years	26 million rubles	from 15%
Apartment in a new building	from 11%	1-25 years	26 million rubles	from 10%
Property secured by real housing	11, 5%	1-25 years	26 millionrub.
Mortgage with maternity capital	from 11%	1-25 years	26 million rubles with down payment	0%
Cottage on the secondary market	from 12, 75%	1-25 years	26 million rubles with down payment	from 40%
Non-target secured home loan	from 17, 25%	1-15 years old	9 million rubles
Refinancing a loan at another bank	from 11, 5%	1-25 years	26 million rubles
Refinancing foreign currency mortgages	10, 5% -12% depending on customer status	Conditions are individual	Conditions are individual

The first step of registration is an application for a mortgage. Raiffeisenbank makes it possible to issue it by getting a personal consultation online or by contacting a bank branch. It is important to remember that the execution of an insurance contract is mandatory when opening a mortgage. Its conditions are different and depend on the type of loan program. These may include insurance against the risk of death of the borrower, the mortgagor, permanent disability, the risk of loss, damage to the property, or only a section on insurance against the risk of its loss, damage.

But in the latter case, the interest rate will be increased by 0.5-3.2% depending on the age of the client. If desired, during the term of the loan agreement, the insurance company can be replaced, but the conditions must necessarily comply with the generalrequirements for insurance conditions put forward by the Raiffeisenbank program - Ipoteka. The calculator on the organization's website will help you make indicative calculations.

Debt repayment methods

Regularity of loan repayment payments ensures a positive trend in the fulfillment of the borrower's obligations to the bank and minimizes the risk of accumulation of pen alty interest. If necessary, the client can change, adjust the payment schedule, having reached an agreement with the bank administration, and simplify the mortgage payment for himself. There are several ways to pay off debt. A person can choose any one that is most comfortable and beneficial for himself:

• POS-terminals, ATMs of "Raiffeisenbank", "MDM Bank" with the "Cash-in" function;
• transfer from a card of another bank or wire transfer from a third-party financial institution;
• Raiffeisenbank cash desk;
• terminals, ATMs of Binbank and Moscow Credit Bank;
• Kiwi terminals;
• money transfers through the Golden Crown payment system;
• through the Raiffeisen Connect (RC) system.

It should be remembered that different methods of transferring funds to a bank account are subject to different commissions. To avoid unnecessary expenses, when making a choice, it is worth considering not only the comfort of payment, but also this nuance. Early repayment of the mortgage "Raiffeisenbank" does not impose a commission, but such a possibility should be stipulated inloan agreement.

The borrower needs to apply to the Bank's Information Center with a written application. The decision will be made either on the day of the appeal, or the next, provided that it is working. Obviously, it is the mortgage (Raiffeisenbank) that offers the best lending conditions. Customer reviews only confirm this.

If you have difficulty getting your money back

Paying off a mortgage is a very long process. The client must fulfill its obligations and transfer payments on time according to an individual schedule. If there are difficulties with the timely repayment of the loan, there is no need to accumulate debt and aggravate the situation. If necessary, you can find out the conditions for obtaining deferred payments, if the bank's mortgage policy for a specific program provides for this.

After writing the appropriate application, the client will be able to get some time to settle their issues or find the required amount. You can also try to negotiate a change in the individual payment schedule or, alternatively, refinance your mortgage.

Features of loan refinancing

If necessary, the client can refinance the mortgage in another bank or use loan products from Raiffeisenbank - Refinancing foreign currency mortgages, Refinancing loans from other banks. After submitting the application, it will be necessary to prepare an individual package of documents, including regarding the subject of collateral. At presentAt the moment, the bank does not have a program for refinancing existing loans.

Mortgage ("Raiffeisenbank"): customer reviews

Most customers are satisfied with the level of service and terms of mortgage programs from this financial institution. But some do not like the work of specific employees of the Call Center, in some situations you have to wait a long time for a list of documents after an online application. Many note that mortgage programs offered significantly higher interest rates a few years ago, and now that they have fallen, it is impossible to refinance old mortgages at new, better interest rates.

"Raiffeisenbank" offers several mortgage programs with different conditions and special offers. The client, having chosen the most beneficial for himself, can leave an online application without visiting the bank and only then prepare a package of documents. If there are no difficulties, the mortgage will be approved in 2-5 days. A special online service will help you quickly calculate a mortgage ("Raiffeisenbank").