Money for restructuring: where do they give credit for apartment renovation?

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

If you decide to speed up the process of transforming your living space, then targeted loan programs come to the rescue to finance repairs. Their distinguishing feature is the requirement to attract professionals - it will not be possible to pay in cash with a brigade of guest workers at the expense of borrowed funds. In which bank is it better to take a loan to renovate an apartment, and where are the most suitable conditions for transforming your family nest?

Half a million from Orient Express Bank

This bank is ready to provide an amount of up to 500,000 rubles for 1-5 years to improve the quality of life - to repair an apartment or house. "Vostochny Express" will contribute to the renewal of your home for a fee of 23.5% per annum if you are its regular client, and from 26% per annum if you came to the bank for the first time. A loan for apartment renovation is issued withoutattraction of guarantors or registration of a pledge.

The mentioned financial institution takes a decision on extradition in 5 minutes, and for registration you need a general passport and one of the documents for real estate:

• certificate of ownership;
• privatization agreement;
• contract of sale;
• testament;
• court decision;
• a contract for the rental of corporate housing.

The age limit is set in the range from 21 to 65 years, but for the younger generation - up to 26 years - the requirements are tougher: in order to get a loan for apartment renovation here, they will have to prove their solvency and confirm employment.

Turnkey apartment improvement from "CreditEuropeBank"

Not only a loan for apartment renovation can be financed with the help of "CreditEuropaBank" - borrowed funds can be directed to the purchase of finishing materials and the purchase of goods for the home and interior. You can become a client of a financial institution without a personal visit to the branch, just contact the partner organization of the bank, which provides the services you need or sells the necessary goods for repairs.

This consumer loan is available for the repair of an apartment for citizens of the Russian Federation from the age of 21, and women can take money from the age of 20 when paying 10% of expenses from their own pocket. To approve the application, it is worth, in addition to the passport, to present additional documents, including a certificate of income anda certified copy of the employment record.

You can take up to a million rubles for up to 5 years. The terms of borrowing and the cost of funds are determined depending on the selected lending program. You can get an instant loan for 3-12 months at 21, 5-30, 3% per annum or a standard loan for two years and at 17%. Or for 5 years at 23-25% per year under the Easy Choice program.

Renovation of housing with the bank "Rus"

There are own programs in regional banks. Thus, "Rus" provides money for the overhaul of residential premises or for the completion of the construction of a country house and its finishing. The collateral for the loan is the apartment being renovated or the object of construction in progress, and subsequently the private house itself.

Residents of the Orenburg region can get such a mortgage loan for apartment renovation in the amount of no more than 60-70% of the assessed value of the property - ranging from 100 thousand to 1 million rubles. The loan repayment period can be up to 7 years. Loan rate - from 13 to 25% per annum.

The said consumer loan for apartment renovation can be applied for not only by employees over the age of 21, but also by pensioners, public sector employees, individual entrepreneurs and self-employed individuals - notaries and lawyers, which banks usually do not have much and complain. The list of required documents includes not only papers confirming the stable financial condition of the client, but also a package of papersto register a mortgage agreement. Additionally, you need to insure the collateral, and if you wish, you can take out a personal insurance policy or attract a guarantor to reduce the rate.

As you can see, there are many options on how and where to get a loan to renovate an apartment on the domestic market of banking products, so you can choose the right solution for yourself without much effort, you just need to carefully read all the offers.