Having created a new unit of society - the family, many think about the need for their own housing. However, now the purchase of an apartment / house is quite an expensive pleasure. In view of this, not everyone can afford to fulfill such a dream. But don't be upset! Due to the presence in banks of a product such as mortgage lending, the problem of the lack of the proper amount of funds can be solved.
Banks issuing mortgages: selection criteria
Deciding to take a loan for the purchase of real estate, you should responsibly select the most suitable offer and a reliable lender. If some mortgage loans of banks can be favorably allocated with low interest rates, 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 contact a bank that provides a mortgage loan must decide for himself what is more important and convenient for him; and based on this, lean toward the choice of a lender.
In order to somehow facilitate the selection of the best offer, you need to consider the main points that you should pay attention to first of all:
- Bank reliability. This information can be found in special statistics.
- The presence of positive and negative reviews.
- The size of interest rates.
- The amount of the required down payment.
- Loan terms.
- The presence or absence of additional commissions, including hidden fees (this can be ascertained only by carefully studying the clauses of the loan agreement).
- Methods of repaying a loan , etc.
Based on these criteria, it will be possible to select the most interesting banks issuing mortgage loans. And already among them - one suitable.
Next, mortgage loans of banks with the best financial indicators will be presented, their basic requirements and conditions for issuing loans will be considered.
Sberbank
This financial institution ranks first among institutions issuing a mortgage loan for an apartment. The bank gained a leading position due to the largest number of loans issued for the acquisition of real estate. And probably it's not in vain! After all, he does not practice making hidden commissions, he works honestly and reliably. Perhaps, it was for this reason that Sberbank won a lot of positive reviews.
But not everyone can rely on obtaining a mortgage loan in this bank. So, the organization puts forward some requirements for its borrowers. They are as follows:
- The age of the client must be from 21 years at the time of conclusion 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.
In this case, the credited must present the following documents:
- Application form filled out in the form of a bank.
- An identity document, namely a passport of a citizen of the Russian Federation.
- Documentation confirming the financial viability 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 these conditions (the most profitable product with state support is presented):
- The interest rate from 11.4% per annum.
- The loan amount is 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.
- Down payment from 20% of the value of real estate purchased on credit.
VTB Bank of Moscow
This bank, issuing mortgages, took second place in financial indicators. Only persons who meet the following requirements can apply for a loan at the named institution:
- Having citizenship of the Russian Federation / foreign citizenship.
- The age of the borrower is 21-60 years. Moreover, at the time of covering the mortgage, he should not be more than 75 years old.
- Employment in the territory of the Russian Federation.
- Work experience of 1 month from the end of the probationary period and of 1 year for the entire period of life.
- Men under the age of 27 must submit documents to the bank on military service or on failure to comply with military draft.
In this case, the following documentation will be required:
- ID document.
- The second document to choose from (SNILS or driver’s license, or military ID, or military ID, or sailor’s passport).
- Documents confirming employment and income.
Credit conditions will be as follows (product with state support):
- The interest rate is from 11.15% per annum.
- Loan amount from 500 thousand rubles.
- Loan term up to 360 months.
- Down payment from 20%.
Gazprombank
More recently, bank mortgages began to be issued taking into account state support. Gazprombank is no exception here. He gives the most favorable loan for the purchase of an apartment on the following conditions:
- Interest rate from 8.85% per annum.
- The loan amount is up to 3 (for some regions - 8) million rubles.
- Loan period up to 360 months.
- Down payment from 20%.
VTB 24
As mentioned above, banks that provide a mortgage loan have their advantages and disadvantages. Perhaps the conditions proposed in VTB 24 will prove to be most preferable for many. And they are as follows:
- The interest rate is from 11.4% per annum.
- The loan amount is 600,000-8,000,000 rubles.
- The loan term is 12-360 months.
- Availability of own funds from 20%.
FC "Discovery"
The fifth position in financial solvency in the rating, which is made up of banks that provide mortgage loans, was taken by Otkritie Bank. Its loan conditions are as follows:
- The interest rate from 11.3% per annum.
- The loan amount is from 625 thousand to 75 million rubles for the regions and 150 million rubles for Moscow, Moscow Region, St. Petersburg and the Leningrad Region.
- The loan term is 60-360 months.
- Down payment from 20 to 80% of the cost of housing.
Russian Agricultural Bank
This financial institution, located on the sixth line of the rating, grants loans for the purchase of real estate on the following conditions:
- The interest rate is from 11.3% per annum.
- The loan amount is from 100,000 to 3,000,000 rubles for the regions and 8,000,000 for Moscow, Moscow Region, St. Petersburg and the Leningrad Region.
- The loan term is 1-360 months.
- Down payment from 20% of the price of an apartment / house.
The most favorable and reliable bank mortgages were considered above. To obtain a loan to purchase real estate in a particular institution, you will need to meet certain requirements and present some list of documentation.
As can be understood by the requirements of most banks, the most common conditions for borrowers are as follows:
- Age from 21 years to 75 years by the time the debt is completely closed.
- Russian citizenship.
- The presence of work experience of a year.
The required documents are as follows:
- Identity document (namely a passport of a citizen of the Russian Federation).
- 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 can be found out by contacting the selected bank branch.