The number of individual entrepreneurs in our country is increasing every year. The government develops and implements benefits and subsidies to support small and medium-sized businesses. But any commercial activity requires investment of material resources. For its expansion, it is most often necessary to purchase real estate. Not always in the hands of the entrepreneur is such a large amount of money, and he is forced to apply for a loan in a banking institution. In 2019, Sberbank offers several mortgage programs for businessmen at very attractive interest rates. Let us consider in more detail all these proposals, find out how it is possible to get a loan, and what documents are needed for that.
Mortgage for individual entrepreneurs in PJSC Sberbank
A bank can receive a mortgage both an individual and a legal entity, in particular, an individual entrepreneur. In order to protect itself from an unreliable and insolvent client, Sberbank examines more carefully the application and documents from the entrepreneur, who, in turn, needs to prove his solvency. Therefore, the list of documents for obtaining a mortgage for an individual entrepreneur at Sberbank necessarily includes documents to confirm the financial condition.
First of all, you need to decide who the mortgage will be drawn up for: an individual or an individual entrepreneur. The conditions and terms of issue will depend on this.
Sberbank PJSC requires an individual entrepreneur to have a business life of six months and have a satisfactory credit history. In some cases, the bank has the right to demand a guarantee from a family member of the entrepreneur or a third party.
Factors Contributing to the Approval of Mortgages for Individual Entrepreneurs at Sberbank
These factors include:
- If an entrepreneur works on a common taxation system, under such conditions the client is more attractive.
- There is a positive credit history in Sberbank, and information is taken into account not only on a mortgage loan, but also on any loans.
- The business of the potential borrower has no seasonal dependence.
- The company has been operating since registration for at least one year.
- Absolutely transparent income of the entrepreneur, confirmed by the relevant securities.
From the above we can conclude: in order to approve a mortgage loan, the individual entrepreneur must confirm its financial stability for timely repayment of the mortgage debt and provide a full package of documents.
Conditions of mortgage programs for entrepreneurs
Sberbank offers its customers, individual entrepreneurs, the purchase of housing both for their own needs and for expanding the business. But the mortgage conditions for private equity in Sberbank are a little tougher than for conventional mortgage programs. Typically, the difference lies in the interest rate, which is 1-2% higher, as well as in the term of the loan, which is reduced to 15-20 years. In some programs, the down payment amount is increased to 25%.
Residential Property Acquisition
Residential properties acquired under a mortgage loan include the following objects: a residential building, an apartment (both in a new building and in the secondary market), housing construction, suburban real estate, as well as a garage and a parking place.
The general conditions of mortgage programs of Sberbank PJSC can be found in the table below:
Mortgage program | Loan amount, rubles | Date of issue | An initial fee, % |
Housing under construction | from 300 000 | up to 30 years | from 15 |
Finished housing |
Support loan for families with children | up to 8000.0 thousand | up to 30 years | from 20 |
To build a house | from 300,000 | from 25 |
Out of credit secured by real estate | from 500,000 to 10,000.0 thousand | up to 20 years | - |
Military mortgage | up to 2,398 thousand | paid by NIS personal account |
Garage or parking place | individually determined | up to 30 years | from 25 |
Refinancing | from 300,000 to 7,000.0 thousand | | - |
When applying for a mortgage loan at Sberbank, you can use social support measures, such as maternity capital or the Young Family program.
Commercial real estate purchase
Sberbank's commercial mortgage for private entrepreneurs is provided for the acquisition of non-residential buildings. PAO has developed a number of programs for such a purchase.
- “Business-Invest” - this program allows the entrepreneur to invest the money received in a real estate or other property under construction, and it is also possible to refinance the debt of the entrepreneur to a leasing company or another bank.
- "Business Real Estate" allows you to purchase property on bail for the needs of commercial activity.
- “Express Mortgage” from Sberbank for entrepreneurs is the most popular program among entrepreneurs in Sberbank, because it is designed for up to 10 million rubles, there is no loan commission. It allows you to purchase real estate on bail.
- “Trust” - in this program, a loan is issued to a businessman without the need to confirm the intended use, this makes it possible not only to purchase real estate, but also to carry out repairs, purchase the necessary equipment, etc. In this case, the borrower is given a credit card for the business.
- Business Trust is a similar program to Trust, but in that case a credit card is not issued.
- “Express on the security” is a standard program of lending to entrepreneurs on the security of real estate, which is owned by the individual entrepreneur.
In 2019, Sberbank offers the following conditions:
Mortgage program | Amount, rub. | Term | % rate | Special conditions |
Express Mortgage | from 300,000 to 10,000.0 thousand | up to 15 years | 13.9 | A loan is issued only for the purchase of non-commercial real estate. |
"Business Confidence" | from 500 000 | up to 36 months | from 12.0 | The bank takes as collateral: real estate, securities, trading and industrial equipment. Mandatory third party guarantee. |
“Express on the security” | up to 5000.0 thousand | up to 4 years | from 15.5 to 17.5 | No confirmation of intended use is required. For collateral, you can leave movable and immovable property, equipment. |
"The trust" | up to 3,000.0 thousand | up to 3 years | from 15,5 | No deposit required, mandatory third party guarantee. |
Business Invest | from 150,000 for agricultural producers; from 500,000 for the rest | up to 120 months | from 11.0 | Surety of individuals or legal entities, pledge of existing property. |
"Business Real Estate" | from 500 000 | up to 120 months | from 11.0 | Acquired property is necessarily secured and insured. |
Individual program selection
The selection of a loan program is discussed individually. The loan amount may depend on the activities of the entrepreneur and the entity being located.
It is worth paying attention to the fact that mortgage rates for individuals in Sberbank start at 11% per annum, and for individuals they are lower. The loan rate may increase by another 1% in the event of an entrepreneur’s refusal to insure his life for the period of execution of the mortgage transaction.
How to calculate repayment?
For a preliminary calculation of a mortgage loan, you can use the online calculator, with which you can get the following information:
- what will be the sum of the total overpayment on the loan;
- what should be the minimum income level;
- what will be the size of the monthly payment.
To obtain such information, you must specify the amount, term, interest rate of the loan, date of issue of the loan and type of payment. As a result, the user receives information that he can study, evaluate his solvency.
Documents required for a mortgage
After you have decided on a lending program at Sberbank, you need to collect certificates. The list of documents from the IP for a mortgage in Sberbank is as follows:
- Passport of a citizen of the Russian Federation with permanent registration. If there is a temporary certificate confirming this.
- Extract on state registration of individual entrepreneurs.
- Documents confirming the introduction of certain activities.
- Tax reporting: for ONS it is necessary to provide a declaration for the last year, for DOS - information for 2 years, for personal income tax for the previous reporting period.
- Documentation of property that goes under the security of the bank: ownership, contract of sale.
additional information
After reviewing the submitted documents, the banking institution has the right to require additional information from you on the financial reliability of the client. Therefore, you must be prepared for what you will be asked about marital status, availability of children, asked for data on the income of the spouse, etc. You can indicate your additional earnings in the mortgage application form without proof of income.
If before filing an application for a mortgage for an individual entrepreneur at Sberbank, you have not decided on the final version of the acquired property, then after obtaining approval, you must provide the bank with a full package of documentation.
Order of receipt
The process of obtaining a loan by an individual entrepreneur is given below:
- Mandatory study of all conditions under the current program; To get a mortgage in Sberbank, the calculator will help you make the choice in favor of the most favorable conditions.
- Preparation of relevant documents and certificates, with a validity period of not more than 30 days from the date of signing.
- Filling out the application and submitting a loan application.
- Sberbank analyzes the borrower and makes a final decision.
- Searches for premises to purchase.
- A preliminary sales contract is concluded with the seller, where the point of purchase with the help of borrowed funds is necessarily indicated, and the procedure and timing of settlement between the parties to the transaction are also specified.
- A property insurance contract is concluded, and health if desired.
- A loan agreement and a mortgage agreement are signed.
- An initial payment is made if it is provided for by the selected program of the bank.
- The transaction is state-registered at Rosreestr and executed in favor of Sberbank.
- The remaining funds are transferred to the seller’s account.
After the transaction is completed, the borrower must fulfill the executed obligations according to the schedule of monthly mortgage payments for the individual entrepreneur in the bank.
conclusions
From the above it can be concluded: each solvent individual entrepreneur can get a mortgage loan at Sberbank PJSC for the purchase of any type of real estate. And on quite favorable terms.