"Promsvyazbank", mortgage: conditions and reviews

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

“Have you found the apartment or house of your dreams, but you don’t have enough money to buy it? No problem. We promise you ideal credit conditions without hidden commissions and deceit, which is exactly what Promsvyazbank guarantees to its potential borrowers. Mortgage received in this financial institution involves the solution of all housing problems. But that's according to the ads. Is it really? We will try to deal with this based on real feedback in this article.

A short essay on the bank

Promsvyazbank, or PSB for short, is considered one of the most influential financial institutions in the Russian Federation, one of the top three banks in the country. The history of its discovery began more than 20 years ago from the moment when its founders, the Ananyev brothers, had just conceived the idea of creating a large financial empire. One of the first branches, where the headquarters of the institution is now located, was the central Moscow office.

At the moment, PSB is very popular among entrepreneurs, individuals and legal entities. Regular customers of the organization, region althe network of which today has about 300 retail outlets, 200 terminals and 8500 ATMs, more than two million Russians and foreign nationals also perform. We will tell you about the mortgage that operates in the Promsvyazbank organization.

Housing loans: briefly about the main thing

PSB is a universal bank that works with both entrepreneurs and ordinary citizens. And since the clients of this financial organization are people with completely different levels of income, PSB specialists have to work hard in order to develop programs that are interesting to everyone.

Representatives of the public joint-stock company pay special attention to housing lending. Today, among the products promoted by Promsvyazbank, state-supported mortgages are in particular demand among young families. It allows you to resolve the problems that have arisen, as well as get your own living corner independent of your parents. So, what do the bank's experts offer Russian citizens?

What housing programs does the bank operate?

Currently, the following loan programs are operating at the PSB:

• "New building-State. program” (housing loan with state support).
• "New building" (with the opportunity to purchase housing in the primary real estate market).
• Secondary market.
• "Secure loan target".

"New building-State. program" - mortgage "Promsvyazbank": terms of registration

The program involves the purchase of a brand new home on creditreduced interest rate (11.4% per annum), without additional fees, charges and restrictions. However, like most similar products of the bank, Novostroyka obliges to make a down payment starting from 20%.

The loan amount in this case will directly depend on your place of residence. For example, potential borrowers from Moscow, St. Petersburg and these two regions will be able to count on a maximum of 8 million rubles, and all the rest - on 3 million.

In addition, when making a decision on a loan, bank representatives take into account the income of all participants in the transaction, including guarantors and co-borrowers (but not more than 4). The term for granting such a loan, as stated by Promsvyazbank (a mortgage issued here has a number of advantages), will be no more than 25 years. The program also allows early repayment of the loan at the request of the client.

"New building" in the primary housing market: conditions

When applying for this program, borrowers can count on a loan ranging from 500,000 to 30,000,000 rubles. They are required to make a down payment of 20%. Moreover, its final size will depend on the price of the selected property or the size of the share, according to the agreement on participation in shared construction. The minimum loan term is 3 years. And the interest rate is from 13.8% per annum.

Like many financial institutions, Promsvyazbank (mortgage makes it possible to realize the dream of owning a home) insists on issuing a policy. If, when applying for this program, the borrower refusesfrom the insurance recommended by the bank, then the initial rate increases immediately by 6%.

What are the terms and conditions of the Secondary Market Program?

The purpose of this loan can be not only the purchase of an apartment on the secondary real estate market, but also the payment of the cost of its overhaul. At the same time, the housing itself is provided to the bank as an expensive collateral. The interest rate on such a tempting housing loan will be only 13.35%. Moreover, as the representatives of the financial institution promise, it is the only one. The amount, terms and down payment in this case repeat the conditions of previous programs.

What are the conditions of the “Targeted Loan”?

To approve a Promsvyazbank mortgage under this program, you must submit an application with the obligatory indication of the purpose of the loan. In this case, it will be the acquisition of a home in the primary or secondary real estate market. As guarantees, the bank expects from the borrower an appropriate collateral (in the form of credit real estate) and the provision of two guarantors. The rate under the target loan program will be 13.35% per annum, and the amount will be up to 30 million rubles. A spouse can act as a sub-borrower. And apply really and remotely.

What are the requirements for a potential client?

Citizens of the Russian Federation from 21 to 65 years old can take out a loan from PSB Bank. They must live and work in the region where the branch of the credit institution is located. Their total work experience should not be less than a year, and at their last place of work theymust work for at least 4 months.

In addition, if a 27-year-old young man acts as a potential borrower, he should not be called up for military service. And, finally, in the case of a housing loan for a serviceman, the term of his contract should not be less than a year. These are the requirements when applying for a loan that Promsvyazbank puts forward to its potential customers. Mortgages for them will be a great solution to previous housing troubles.

How to make mortgage payments?

In order to know not only the amount that can be counted on if the PSB application is approved, but also the size of the rate, calculations should be made in advance. Moreover, this can be done during the application for a housing loan with the assistance of a loan manager.

In addition, you can perform the calculations you are interested in yourself using free loan calculator services, for example, "calculator-credit.ru" or the official website of the financial organization "psbank.ru". Here is an example of how a mortgage is issued. Promsvyazbank offers to calculate all the data for the selected program based on the amount of the loan or the amount of your monthly earnings.

So, let's say you choose the Secondary Market program based on your monthly salary. To perform calculations, enter the following data:

• income amount (for example, 200,000 rubles/month);
• loan terms (132 months);
• bet (13.35%)

As a result, we get that the sizeloans will amount to 6,902,064 rubles, and the amount for monthly repayment will be 100,000 rubles.

What are the responses to the bank's mortgage programs?

Because home loans are considered a specific banking product, they can evoke completely opposite opinions. For example, many are satisfied that they are dealing with such an institution as Promsvyazbank. Mortgages, reviews of which from such people come in a purely positive way, are issued quickly and taking into account the rules of the bank. People are satisfied not only with the transparent policy of the credit institution, but also with the very service of its representatives.

Others, on the contrary, talk about unexpected changes in the rate and timing of the loan. According to them, at the last moment the bank makes adjustments to the contract, and customers have to agree to rather unfavorable conditions. However, the bank replies to such claims that such adjustments are sometimes made in accordance with the rules of the PSB, since sometimes the amount of income of clients is too small, so the forced risks are eliminated by increasing the terms and mortgage rates.