Buying your own home will help a targeted loan. The times in which it was possible to get an apartment from the state without any problems have passed, and now everyone has to solve the housing problem on their own. However, not every person has the necessary funds to buy real estate. The realities of life are such that only a mortgage loan to purchase a home can help.
A huge number of various loans, which are offered by various banks, can confuse anyone. Such a large selection of loans provided to the population does not so much help, but, on the contrary, makes it difficult to find the most advantageous offer offered today. However, it is incredibly important to take precisely the target loan that will best meet the capabilities and wishes of the borrower.
Sberbank Programs
According to many people, the most beneficial mortgage offer are Sberbank. Let's see why. The targeted loan in Sberbank has become quite affordable for ordinary people, because in 2013 this financial institution can offer its customers three basic and four special programs for which lending takes place.
Their essence is as follows. In Sberbank, you can take a loan for the purchase of both finished and under construction housing. It also provides
loans for the construction of a private house, it is possible to apply for a special loan for the purchase of real estate in the country, a parking place or a garage.
Of the bank’s special offers, it should be noted that it is possible to obtain a mortgage loan for maternity capital, as well as the right to refinance a targeted housing loan.
VTB 24 Terms and Conditions
Also, a favorable targeted loan for the purchase of housing is issued by VTB 24. This bank is today the leader in terms of housing lending in Russia. Its conditions have distinctive features. For example, a loan can be issued for a period of up to 50 years, while in other banks this period is no more than 30. The minimum period for which a mortgage is granted is 5 years.
In VTB 24, as well as in Sberbank, there are several types of loans for the purchase of an apartment or house. You can get a targeted loan for the purchase of housing in a new building, as well as get non-targeted for any needs by providing your own real estate as collateral.
You should be aware that upon receipt of a loan at VTB 24, a down payment is required, which can be from 10 to 30% of the total amount, depending on the property for which it is provided for purchase. When purchasing a garage, the down payment will be 30% of its value, and when buying a home in the secondary market - no more than 10%, provided that the borrower's liability is insured.
You can also try to get a target loan at the Rosselkhozbank, which offers pretty acceptable lending conditions to its borrowers.
Most banks on their official websites offer to calculate the cost of a loan online.