2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
Having created a new unit of society - the family, many people think about the need for their own housing. However, now the purchase of an apartment / house is a rather expensive pleasure. In view of this, not everyone can afford the fulfillment of such a dream. But do not be upset! Due to the presence in banks of such a product as mortgage lending, the problem with the lack of the proper amount of funds can be solved.
Banks issuing mortgage loans: selection criteria
When deciding to take a loan to purchase real estate, you should be responsible for choosing the most suitable offer and a reliable lender. If some bank mortgages can be favorably allocated with low interest rates, then others may require the presentation of a minimum package of documents. Therefore, it is very difficult to say exactly which product will be the most optimal for a single borrower. A client who decides to apply to a bank that gives a mortgage loan must decide for himself what is more important and convenient for him; and based on this, tend to choose one or another creditor.
To somehow facilitate the selection of the best offer, you needconsider the main points to pay attention to first:
- Reliability of the bank. This information can be found in special statistics.
- Presence of positive and negative reviews.
- Interest rates.
- Amount of down payment required.
- Credit term.
- The presence or absence of additional fees, including hidden ones (this can only be found out by carefully studying the clauses of the loan agreement).
- Loan repayment methods, etc.
Based on these criteria, it will be possible to select the most interesting mortgage lending banks. And already among them - one suitable.
Next, mortgage loans from banks with the best financial performance will be presented, their main requirements and conditions for issuing loans will be considered.
Sberbank
This financial institution ranks first among the institutions that issue a mortgage loan for an apartment. The bank gained a leading position due to the largest amount of loans issued for the purchase of real estate. And probably not in vain! After all, he does not practice making hidden commissions, he works honestly and reliably. Perhaps, it is for this reason that Sberbank has won a lot of positive reviews.
But not everyone can rely on getting a mortgage loan from this bank. So, the organization puts forward some requirements for its borrowers. They are:
- Client's age must be 21+ by the timeconclusion of the contract and no more than 75 years when closing the debt.
- Work experience - at least six months at the last place of work and from a year for the previous 5 years.
At the same time, the borrower must present the following documents:
- Filled in the bank form.
- Identification document, namely the passport of a citizen of the Russian Federation.
- Documentation confirming the financial solvency of the borrower.
If the bank in question issuing mortgage loans is satisfied with the information provided, it will offer to issue a loan to the client on the following terms (the most profitable product with state support is presented):
- The interest rate is from 11.4% per annum.
- Loan amount from 300,000 to 3,000,000 rubles (for regions) and 8,000,000 rubles (for Moscow and the Moscow region, St. Petersburg and the Leningrad region).
- Loan term from 12 to 360 months.
- First installment of 20% of the cost of real estate purchased on credit.
VTB Bank of Moscow
This mortgage lending bank ranked second in terms of financial performance. Only persons meeting the following requirements can apply for a loan in the named institution:
- Citizenship of the Russian Federation/foreign citizenship.
- The age of the borrower is 21-60 years old. At the same time, at the time of covering the mortgage, he should not be more than 75 years old.
- Employment in Russia.
- Work experience from 1 month from the end of the trial period and from 1 year for the entire periodlife.
- Men under the age of 27 must submit proof of military service or non-conscription to the bank.
In this case, you will need to present the following documentation:
- Identification document.
- Second document to choose from (SNILS or a driver's license, or a military ID, or a military identity card, or a sailor's passport).
- Documents confirming employment and income.
Loan conditions will be as follows (a product with state support):
- Interest rate from 11.15% per annum.
- Loan amount from 500 thousand rubles.
- Loan term up to 360 months.
- Down payment from 20%.
Gazprombank
Most recently, mortgage loans from banks began to be issued taking into account state support. Gazprombank is no exception here. He issues the most favorable loan for the purchase of an apartment on the following conditions:
- Interest rate from 8.85% per annum.
- Loan amount up to 3 (for some regions - 8) million rubles.
- Credit period up to 360 months.
- Down payment from 20%.
VTB 24
As mentioned above, mortgage banks have their advantages and disadvantages. Perhaps the conditions proposed in VTB 24 will be the most preferable for many. And they are:
- Interest rate from 11.4% per annum.
- Loan amount 600,000-8,000000 rubles.
- Loan term 12-360 months.
- Having own funds from 20%.
FC "Opening"
Fifth position in terms of financial viability in the rating, which is made up of banks that give mortgage loans, was taken by Otkritie Bank. His loan terms are:
- The interest rate is from 11.3% per annum.
- Loan amount from 625 thousand to 75 million rubles for the regions and 150 million rubles for Moscow, the Moscow region, St. Petersburg and the Leningrad region.
- Loan term 60-360 months.
- Availability of a down payment from 20 to 80% of the cost of housing.
Rosselkhozbank
This is a sixth-ranked financial institution that provides loans for the purchase of real estate under the following conditions:
- Interest rate from 11.3% per annum.
- Loan amount from 100,000 to 3,000,000 rubles for regions and 8,000,000 for Moscow, Moscow region, St. Petersburg and Leningrad region.
- Loan term 1-360 months.
- First installment from 20% of the price of the apartment/house.
The most profitable and reliable mortgage loans from banks were discussed above. To obtain a loan for the purchase of real estate in a particular institution, you will need to meet certain requirements and present a certain list of documents.
As can be seen from the requirements of most banks, the mostfrequently encountered conditions for borrowers are as follows:
- Age from 21 years old to 75 years old by the time the debt is fully paid off.
- Russian citizenship.
- Having a year of work experience.
Required documents are as follows:
- An identity document (namely, a passport of a citizen of the Russian Federation).
- An additional document from the list proposed by the bank.
- Documents confirming employment and permanent income.
However, this is not enough to get a loan. There are many more nuances that you can learn about by contacting the selected bank branch.
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