Mortgage loan programs can be described for a very long time. This type of loans for banks will always be very attractive, as it is issued for a long period and requires good collateral. Unlike a consumer loan, it is always accompanied by a collateral object in the form of real estate acquired or already held by the client. The mortgage at Rosselkhozbank has some differences from similar programs in other financial organizations of the Russian Federation.
Required documents
A mortgage at Rosselkhozbank can be obtained if certain minimum requirements are met:
- The client is at least 18 years old, which is much lower than in other credit organizations, where they may require him to be 21 or 23 years old.
- Valid passport of a citizen of the Russian Federation with a residence permit in close proximity to one of the bank's branches
- Certificate of Income. It is noteworthy that it does not affect the interest rate on the loan program.
- Documents for the acquired property.
It is encouraging that a mortgage at Rosselkhozbank can be obtained without presenting a second document, proof of seniority or current employment. The bank may require their availability, it does this only in extreme cases. One of the limitations of this type of loans is that only a direct relative of the borrower can be a guarantor.
Russian Agricultural Bank: mortgage - conditions for obtaining
This type of loan program is usually issued on the security of the acquired property. In addition, its insurance against the risks of damage, loss or destruction is mandatory. If the client refuses to conclude a risk compensation agreement, the interest rate may be raised by 5-10% per annum from the standard mortgage lending option. In addition, the borrower is required to hire a special banking specialist to evaluate the acquired property.
Mortgage in the "Agricultural Bank" is issued according to a single basic program. It can be taken to purchase the following types of real estate:
- residential building with a plot of land;
- share in the house under construction;
- plot of land;
- for contracting related to construction, including in the case of completion of an unfinished house;
- purchase of an apartment.
The maximum term of a loan program can be 25 years. With a minimum contribution of 15% of the value of the acquired property, the service "Agricultural Bank-Mortgage" is issued. A young family can rely on subsidies from the government to receive subsidies that repay the first payment. In addition, within the framework of this assistance, the loan interest is assigned the lowest - 12.5%. The maximum amount that a borrower can count on is 10 million rubles, which allows you to purchase almost any apartment or house you like. The Bank adheres to open and honest relations with its customers, therefore, there are no additional payments for receiving money, drawing up a contract or considering an application.