If you decide to speed up the process of transforming your living space, then targeted credit programs with financing for repairs come to the rescue. Their distinguishing feature is the requirement to attract professionals - paying in cash with a team of guest workers at the expense of borrowed funds will not work. In which bank is it better to get a loan for apartment renovation , and where are the most suitable conditions for transforming your family nest?
Half a million from the bank "East Express"
This bank is ready to provide an amount of up to 500,000 rubles for 1-5 years to improve the quality of life - apartment or house repair. Orient Express will contribute to the renovation of your home for a fee of 23.5% per annum if you are a regular customer, and from 26% per year if you came to the bank for the first time. A loan for the repair of apartments is issued without the involvement of guarantors or registration of a pledge.
The decision to issue the said financial institution takes 5 minutes, and for registration you need a civil passport and one of the documents for real estate:
- certificate of ownership;
- privatization agreement;
- contract of sale;
- will;
- the court's decision;
- office rental agreement .
The age limit is set from 21 to 65 years, but the requirements for the younger generation — up to 26 years — are stricter: in order to get a loan for apartment renovation here, they will have to prove their solvency and confirm their employment.
"Turnkey" apartment arrangement from "CreditEuropBank"
Not only a loan for apartment renovation can be financed with the help of CreditEuropBank -
borrowed funds can be spent on the purchase of finishing materials and the purchase of goods for the home and interior. You can also 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 repair.
This consumer loan is available for apartment repairs to 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 pockets. In order to approve the application, it is necessary, in addition to the passport, to submit additional documents, including a statement of income and a certified copy of the work book.
You can take up to a million rubles for up to 5 years. Borrowing conditions and the cost of funds is determined depending on the selected loan 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 "Simple Choice" program.
Overhaul of housing with the bank "Rus"
There are own programs in regional banks. So, “Rus” provides money for the overhaul of a dwelling or for the completion of the construction of a country house and its finishing. The loan is secured by a repaired apartment or construction in progress, and subsequently by the private house itself.
Obtaining such a mortgage loan for apartment renovation can residents of the Orenburg region in the amount of not more than 60-70% of the estimated value of the property - in the range from 100 thousand to 1 million rubles. The loan repayment period can be up to 7 years. The loan rate is from 13 to 25% per annum.
Not only hired workers from the age of 21 years old, but also pensioners, public sector employees, individual entrepreneurs and self-employed private individuals - notaries and lawyers, whom banks usually do not really like, can apply for a consumer loan for apartment repair. The list of necessary documents includes not only papers confirming the stable financial condition of the client, but also a package of papers for registering a mortgage agreement. In addition, it is necessary to insure the subject of the pledge, and if you wish, you can arrange a personal insurance policy or attract a guarantor to reduce the rate.
As you can see, there are many options for how and where to get a loan to repair 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.