Everyone who is going to take out a home loan expects the opportunity to have a low interest rate. But is it really possible to get such a mortgage? Sometimes banks offer promotions that reduce mortgage rates. Salary clients, as well as certain categories of citizens, can also count on more favorable conditions.
Under what conditions are low-interest mortgages available in Moscow?
If you want to take out a mortgage with a minimal overpayment, then you should consider loan programs for certain categories of citizens:
- for young families;
- for large families;
- for the military;
- for state employees.
It is also worth paying attention to apartments in new buildings. As you know, the lowest mortgage rate is provided specifically for housing in new buildings. A loan for secondary housing is issued at a rate 1.5-2% higher. Low mortgage rates in Moscow are also possible with on-lending. Refinancing offered by banks is issued on more favorable terms.
You can reduce the percentage in several ways:
- provide a complete package of documents;
- apply for a short-term loan;
- make the maximum possible down payment.
To find a good deal and find out which ones offer the lowest mortgage interest rates, we recommend using the loan calculator on our website. On the same page you can find a list of banks whose interest rates are lower than those of most credit institutions. The application can be filled out on the bank’s website or at the nearest branch.
Which bank is best to get a mortgage from and how to apply for it correctly. We will give 10 tips and 10 best mortgage offers from banks.
Mortgage– a loan for real estate secured by it. Average from 15 to 25 years.
The advantage of mortgage lending is that it allows you to immediately take ownership of the property. You will only need to repay the loan in equal, affordable payments over a long period of time.
- There are 2 varieties - commercial and social. The first is intended for the purchase of real estate, which will subsequently be used to conduct business.
- designed for people who need to improve their living conditions. Sometimes socially disadvantaged groups of the population can receive government benefits.
- If the borrower has lost the ability to repay the mortgage loan, the property purchased with the funds of the banking organization becomes its possession.
What you need to know when applying for a mortgage loan
- Before signing the agreement, you need to study the conditions put forward by the bank. You should consider such things as the interest rate per year and the presence of hidden fees.
- The most optimal offers are those that provide for early payment of debt in the absence of fines from the bank.
- The choice of bank is also important. The credit institution must have been in operation for at least 5 years.
- Another thing to consider is the total family income. Banks agree to issue a mortgage loan only if the minimum payment is less than 40% of a given income, otherwise a refusal will follow.
- If a person receives unofficial income, he can visit Sberbank, Bank of Moscow, VTB 24 or Rosselkhozbank to obtain a mortgage with just “two documents.” Conditions: the down payment amount will be 50% of the property price, and the interest rate is 2% higher than the standard rate.
1. Decide what kind of apartment you need (new building or resale)
What offers you can receive from banking organizations depends on this choice. Mortgage programs of some banks provide for the purchase of exclusively new buildings.
2. Choose how you will buy real estate - on your own or with the help of a realtor or mortgage broker
You can only choose these two specialists, and only the banking organization hires the depository, notary, insurer and appraiser. A broker and realtor can be allies when applying for a mortgage.
- The realtor will choose an apartment, make sure it is legal, and take care of all the necessary documents.
- The broker will offer the most optimal mortgage programs of suitable banks, report on nuances that organizations do not mention, and help people with an unofficial source of income get a mortgage.
For the services of specialists you will have to pay about 3% of the total amount of the transaction, but the advantages are obvious.
3. Decide on the choice of bank
- Consider the benefits of the mortgage lending offer specifically for yourself. Study the size of the down payment, the annual percentage rate, approximately calculate the duration of the loan, find out if there are any unspecified commissions.
- Study the text of the loan agreement and find out from a specialist all the points that cause you doubts, so that you do not encounter problems when paying off the debt.
- Study according to the version of the Central Bank of the Russian Federation.
4. Select bet type
1. Annuity payment
Typically banking organizations offer annuity payment option: the borrower first pays interest (the principal debt takes up a small amount in the monthly payment). The advantage of an annuity is that the bank issues a larger amount than with a differentiated payment option.
In this case, the borrower has the right to make amounts exceeding the monthly payment determined by the bank, repaying the principal debt prematurely. In case of early repayment, the banking organization may reduce or recalculate the amount of the monthly payment. By making early repayments, the disadvantages of annuity payments are mitigated.
2. Differentiated payment
Second option - differentiated payment. The payment amount will decrease every month. At first, its size is larger, so the banking organization approves a smaller amount of funds.
The amount of the overpayment depends on the duration of the loan. The overpayment for a term of 25 years and 20 is not particularly different. When visiting a bank, ask a specialist to calculate the monthly payment for different loan terms, and then decide on the most profitable option for you, depending on your financial capabilities.
By choosing a smaller monthly payment, you will be able to feel comfortable in situations where you urgently need money for some purpose. In addition, with a smaller payment and a longer loan term, it will be possible to use free money to pay off the debt ahead of schedule.
5. Find suitable accommodation
When searching, take into account the requirements put forward by the banking organization. The loan will be refused if the lender is not satisfied with the apartment.
6. Evaluate the property
The bank will issue funds based on the calculations provided by the appraiser.
7. Submit the required documents
The necessary documents for verification should be sent to the insurance company and banking organization. It is not recommended to transfer the deposit to the seller before receiving their approval. If the lender or insurer disagrees, you risk losing your collateral.
8. Find out the terms of the bank’s work with insurance companies
Find out whether the bank cooperates with several insurance organizations or only with one. Sometimes the insurer is not satisfied with something, while the banking organization is already ready to issue a loan. If there is only one insurer and he refuses to insure the apartment, the bank will immediately refuse to issue a mortgage loan.
9. Study the loan agreement template in advance
On the day of its signing, it will not be possible to change certain points.
10. Register the deal
All real estate transactions require state registration. It is after this that the apartment will become the property of the client at the official level.
Contacting the bank
Before contacting a bank, make sure that your profession is not on the list of unreliable ones. The lender may consider a particular activity to be risky. These professions include the following:
- a realtor, an insurance agent and a representative of seasonal work are not able to confirm the amount of their income with a 2-NDFL certificate, which is required in most banks;
- lawyers most often work for themselves and cannot confirm the amount of income;
- judges have immunity, so if there is arrears, the bank will not be able to quickly collect the debt from them;
- professions that pose a risk to health and life (industrial climbers, rescuers, stuntmen);
- military personnel who do not apply for government support and preferential programs, but wish to apply for a standard consumer loan (usually their official income is not large);
- individual entrepreneurs are also a risk group for the creditor bank.
How to reduce your mortgage payment?
There are several tips that will help you ease the terms of your loan.
- Review the terms of insurance programs and refuse those that you do not need.
- Provide new guarantees of your financial security. By increasing your borrower status, you can expect a reduction in the annual interest rate to 1,5% .
- Refinance the loan by converting it into rubles if you took out a mortgage in dollars several years ago.
- Start exceeding your monthly payment by 30% or half.
Where are the most favorable mortgage conditions in 2018?
The choice of the most suitable bank depends on the specific conditions of its mortgage program.
- Developed the most optimal mortgage program with government support Tinkoff Bank. Available up to 100 million rubles. Maximum loan duration – 30 years, 10,5% . The down payment is equal to 15% .
- It is recommended to apply for a military mortgage in Sberbank 15 years 2 million rubles 12,5% , the down payment is equal to 20% .
- Sberbank also offers optimal mortgage programs for the purchase of suburban real estate. Conditions: loan duration – 30 years 14% , an initial fee - 25% .
- To refinance an existing mortgage loan, it is recommended to go to the bank Opening. Lending duration is 30 years, the maximum amount to be issued is 15 million rubles. Starting interest rate – 13,5% .
- UniCredit Bank offers profitable mortgages on the secondary or primary market: maximum amount to be issued – 8 million rubles, lending duration – 25 years, starting interest rate – 13,5% . The down payment will be 20% .
Terms and documents
Most often, loan programs provide the following list of documents.
- Passport the borrower, passports of other persons (if they act as guarantors or co-borrowers), in some cases – birth certificates of children under 18 years of age. You will also need a copy of your passport.
- To obtain a mortgage you need temporary or permanent registration in the Russian Federation. Banks often require that the borrower be registered in the territory where they have a bank branch.
- Questionnaire and application. The manager provides the documents to be filled out upon your first visit to the bank. The questionnaire indicates personal information, place of work, amount of income received. There are several other questions.
- Documents confirming income level. One of them includes a certificate of income in 2-NDFL format, certified by an accountant or management. If there are other participants in the transaction, a certificate is required from each of them.
- Copies of work records with stamps, date and signatures on each page.
- Military personnel and employees of the Russian Guard provide certificate of length of service, a notarized version of the contract and a number of other documents.
This list can be expanded by the manager.
After the bank has approved the application for a mortgage loan, the following documents are required to be provided within 2 months:
- the consent of the spouse to carry out the transaction certified by a notary or a certificate stating that the spouse is not present;
- residential purchase and sale agreement;
- information on the estimated value of real estate.
10 mortgage offers from banks
Each of the banks provided below puts forward one general condition - the availability of insurance.
Sberbank
The largest and most famous bank in the country offers the “Promotion for New Buildings” mortgage program.
- the smallest amount to be issued – 300 thousand rubles;
- duration of lending – from 1 year to 7 years;
- starting interest rate – 7,4% ;
- from 15%.
Plus: some developers have reduced interest rates.
VTB
The banking institution has developed a mortgage program “New Construction”.
- the smallest amount to be issued – 600 thousand rubles, greatest – 600 million;
- duration of lending – up to 30 years old;
- starting interest rate – 9,1% ;
- down payment is from 10%.
The bank has an “Apartment” program for real estate on the primary market.
- the smallest amount to be issued – 500 thousand rubles, the largest – 100 million;
- duration of lending – up to 25 years;
- starting interest rate – 6% ;
- down payment is from 15%.
The organization offers family mortgages with government support.
- the smallest amount to be issued – 500 thousand rubles, the largest – 3 million;
- duration of lending – from 3 to 30 years;
- starting interest rate – 6% ;
- down payment is from 20%.
The bank has developed a mortgage program with state support for married couples with children.
- the smallest amount to be issued – 100 thousand rubles, greatest – 8 million;
- duration of lending – up to 30 years old;
- starting interest rate – 6% ;
- down payment is from 20%.
The bank has developed a mortgage program “For an apartment or share”. It is permissible to apply for a loan for both the primary and secondary real estate markets.
- the smallest amount to be issued – 300 thousand rubles;
- duration of lending – from 12 months to 25 years;
- starting interest rate – 8,25% ;
- down payment is from 15%.
Deltacredit
The bank offers a mortgage program “For an apartment in a new building.”
- the smallest amount to be issued – 600 thousand rubles;
- duration of lending – up to 25 years;
- starting interest rate – 8,25% ;
- down payment is from 15%.
Alfa Bank
The organization has developed a mortgage program for new buildings - “Housing under construction”.
- the smallest amount to be issued – 600 thousand rubles, greatest – 50 million;
- duration of lending – up to 30 years old;
- starting interest rate – 8,5% ;
- down payment is from 15%.
The advantages of this mortgage option: you can set your own insurance and interest rate, it is possible to get a loan by providing only one document. It is permissible to use maternity capital.
Promsvyazbank
The organization offers a mortgage program “New Building”.
- the smallest amount to be issued – 500 thousand rubles, greatest – 20 million;
- duration of lending – from 3 to 25 years;
- starting interest rate – 8,8% ;
- down payment is from 10%.
Pros: possibility of early payment of debt, no fees for drawing up a loan agreement.
Gazprombank
The organization has developed the “It’s Time for an Important Step” program.
- the smallest amount to be issued – 500 thousand rubles;
- duration of lending – from 12 months to 30 years;
- starting interest rate – 9% ;
- down payment is from 10%.
A mortgage is an acceptable way to purchase your own home only if you are confident in the stability of your financial income for the next few years. If in 12 months there are 3 debts for a period of even one day, the bank has the right to take away the housing from the borrower.
Selecting and evaluating mortgage loans involves knowing the value of the property, the size of the down payment, the loan term and the loan rate. The interest rates of mortgage banks in their comparison are decisive when choosing an investing bank. The country's economy is in crisis; this has affected both the construction industry and the banking sector.
Home prices have fallen, but bank mortgage rates have not. This is due to increasing risks in the construction industry; banks are forced to play it safe and therefore set fairly high interest rates for lending for the purchase and construction of housing.
Mortgage lending in Russia
The current state of mortgage lending can be assessed as negative. In 2020, the decline in mortgage lending volumes continues in the vast majority of Russian banks (http://rusipoteka.ru/).
The reasons lie in the deterioration of the country's economy, caused by falling oil prices and sanctions imposed by Western countries against Russia. The incomes of Russian citizens are declining; many are unable to repay mortgages taken out earlier in more prosperous years.
The construction industry is stagnating, banks are not giving loans to construction organizations, and housing construction is stopping. There are still large players on the market that have a fairly strong financial base, but they are also experiencing difficulties in continuing to finance the construction projects they have begun.
Banks offer mortgage lending, but very carefully check both the borrower and the construction company for solvency and reliability.
The state is actively involved in the mortgage lending process, providing some banks with subsidized loans to be issued to borrowers at reduced lending rates. Currently there is a mortgage lending program with government support for the category of borrowers with average incomes, a constant interest rate is established for them for the entire loan term (Government Decree No. 220 dated March 13, 2015 “On the Rules for the provision of subsidies to Russian credit organizations and the Agency for Housing Mortgage Lending to compensate for lost income on issued housing (mortgage) ) loans.").
Mortgage interest rates in Russian banks
Mortgage interest rates in different Russian banks are not too different from each other, today they range from 11 to 15%. At this level of rates, the spread of 1-3% is not so significant. Much more significant is participation in mortgage programs emanating from the state, such as state-supported mortgages. In this case, borrower banks can receive government subsidies and can reduce rates to 7-8% and not exceed 13%, and if you keep in mind that the inflation rate in the country is above 13%, this can turn into a good profitable investment.
Of course, the mortgage loan repayment period does not allow us to say that this level of inflation will remain the same all the time, and the government support program is limited for now to 2020, although the Government is considering proposals to extend it.
But we must keep in mind that the number of banks with state support for such mortgages is very limited and it applies to housing construction projects with the participation of the state. The category of citizens who have the opportunity to receive such lending is also limited; not every borrower can collect a down payment of 20% of the cost of the loaned object. In addition, tying the borrower to objects with the participation of state co-financing of construction and construction organizations that have agreements with the borrowing bank also narrows the borrower’s choice of real estate objects. In some banks (Sberbank of the Russian Federation and others), mortgages under the state support program include, in addition to new buildings, apartments in a building under construction, houses or cottages with land and townhouses.
Mortgages for secondary housing show higher interest rates from lender banks, on average 2-3% higher than for primary housing. For example, VTB 24 offers lending for such a mortgage with a rate of 14%, but with an initial payment of 30% and a loan size limit of 2.8 million rubles. Sberbank offers a more profitable option: interest rate of 13.5%, down payment from 20%.
Comparison of rates
If we compare the interest rates of banks on mortgages that do not participate in the state mortgage support program, then the average interest rate ranges from 11 to 15%. The reduction in rates compared to 2013 occurred for many reasons, including due to competition with banks that received government support to subsidize the interest rate. Below is a comparison of interest rates for banks with and without government support.
| Banks with government support | Interest rates | Banks without government support | Interest rates |
| Sberbank | 11,4 | MTS-Bank | 17 |
| VTB 24 | 11,5 | Bank Rosgosstrah | 16,5 |
| Opening | 12 | Raiffeisenbank | 15,25 |
| Gazprombank | 12,5 | Bank Sovetsky | 16 |
| Bank of Moscow | 13,35 | OTP Bank | 15,5 |
| Rosselkhozbank | 13,5 | LOCKO-Bank | 15 |
| Promsvyazbank | 13,8 | Sobinbank | 15,5 |
| Absolut Bank | 11,25 | ||
| Bank "Revival | 12,5 | ||
| AK Bars Bank | 11,8 |
The leaders in issuing mortgage loans for 2020 are:
- Sberbank
- VTB 24
- Deltacredit
- Bank of Moscow
- Rosselkhozbank
- Gazprombank
- Saint Petersburg
- Zhilfinance
- Renaissance
- Absolut Bank
conclusions
Judging by the economic situation in Russia, despite the Government’s attention to the problems of providing housing for Russian citizens and the presence of various programs to improve housing conditions, the lowest mortgage interest rates during its existence, sharply cheaper housing, one should not expect an increase in housing construction.
Choose to build housing today in major cities better mortgages with government support in new buildings and construction of individual housing (houses, cottages with plots of land) with the help of reliable banks with a high rating. This will provide you with stability of the interest rate for the entire loan term, the possibility of early repayment of the loan without penalties, and the restructuring of possible debt on acceptable terms for all parties to the mortgage agreement.
It is worth remembering that the cost of an apartment or house with a mortgage, even at an interest rate of 10%, increases at least twice as much as its original price.
Video: Round table - discussion of low interest rates on mortgages
Are you wondering where is the best place to do this? And each potential borrower has his own view of a mortgage: some want to pay low interest, others want the possibility of long-term lending. To determine the greatest benefit, a careful study of the mortgage agreement is necessary.
At the moment, every credit organization in the capital is trying to create attractive conditions for mortgages for citizens. If you want to choose a reliable bank for lending, we offer a partial list of the following organizations:
- Bank opening
- Alfa Bank
- Sberbank of Russia
- VTB 24
- Tinkoff
There are many factors that influence the correctness. First of all you need to:
- Decide on the purpose of contacting creditors. Almost all banks have loyalty programs for the purchase of new buildings and secondary housing.
- Browse the websites of Moscow banks, read the mortgage conditions in each of them
- Pay attention to interest rates, the lower they are, the more favorable the lending conditions, and your overpayment is less
- Remember that it’s not just the interest rate that will cause you to overpay for housing. Factors such as insurance and property valuation may be included in your expenses.
- Some banks may also impose personal insurance. Having thought this offer over carefully, you can tactfully refuse it.
What to consider when choosing a bank for a mortgage loan
When choosing a bank, special attention should be paid to:
- The interest rate
- The amount of the advance payment and whether the bank has a program
- Duration of the contract. The longer the mortgage term, the lower the monthly payment
- The amount of all additional expenses. Especially the fact of renting a safe deposit box and one-time commissions
Negotiate the conditions for early closure of the loan, how to do this without fees and moratorium. Find out how you can use maternity capital to pay off your mortgage and use government subsidies.
It is profitable to take out a mortgage in Moscow for a young family
How is it beneficial for the most needy contingent among Russians? Many banks use preferential programs to attract loans to young families. For example, banks such as Sberbank of Russia offer borrowers under 35 years of age a minimum rate with a small down payment. For your information, this program has nothing to do with government programs and is relevant only for this bank.
Also, some banks have introduced social mortgage programs. The state federal mortgage program for young families “Housing” is designed for young families who are in line to improve their living conditions. The state can pay up to 30% of the full cost of the apartment, and with the birth of two children, up to 40%.
Citizens who are not registered in Moscow according to the Constitution of the Russian Federation have equal rights, no matter where they are. But in reality the situation looks a little different.
For people who are registered in another Russian city, a very important point is the presence of a bank branch in your region. In this situation, capital banks are more willing to accommodate borrowers halfway and issue mortgage loans without any problems. Many credit institutions do not see any obstacles in issuing funds to Russians with registration in another city, as long as it exists at all. Some banks justify their refusal to citizens without registration by the huge risks associated with unreliability and the inability to verify the borrower’s income.
The desire of every borrower is to get a mortgage on the most favorable terms. How to choose a mortgage in Moscow with a favorable interest rate and then repay the loan without any problems? Basically, the lowest rates are for the safest loans. Before issuing a loan to a person, banks analyze his financial capabilities and the mortgaged property. An apartment or other housing will become a guarantee for creditors.
Particularly favorable lending conditions will be available when the borrower contributes his own funds. The higher the percentage of the home price the buyer pays, the lower the mortgage interest rate. Also, small interest is paid by those who purchase apartments from partners of the lending bank.
Many banks or other credit organizations issue mortgages to citizens. Where is it more profitable to buy these in Moscow for buying real estate? To make this determination, the following steps must be taken:
- Select several banks whose conditions interest you most
- Discuss with them all the nuances of the mortgage
- Choose the one that suits you best
- Try to choose salary banks, that is, those where you do not need to provide salary certificates and other documents. Applications are processed faster and interest rates may be lower
- Find those banks that have special programs, promotions, etc.
Applying for a mortgage, where it is more profitable to take out a loan in Moscow, is an important point that requires a responsible approach. The mortgage is taken out for more than one year, on what terms and in which bank - it’s up to you to decide. As they say, whoever seeks always finds!
The Chistye Prudy company will be happy to help you obtain a mortgage on the most favorable terms for you. We cooperate with many lending banks and can recommend you as decent and solvent borrowers. will help you buy an apartment in Moscow or the Moscow region with a mortgage. We are waiting and wish you to become new residents as soon as possible!
Call by phone
At what interest rate and on what conditions in 2020 can you take out a mortgage from Sberbank to purchase housing on the secondary real estate market and in new buildings. Who can get a loan today, how to do it, what documents are needed for this. The calculator will help you calculate the payment.
Sberbank of Russia has lowered rates and getting a mortgage has become more profitable. As a result, today you can take out a home loan at a minimum interest rate of 6.5% per annum, subject to life insurance and proof of income. These percentages are quite attractive for clients. In this review, the site’s correspondents will analyze in detail the features of housing loans in the SB of the Russian Federation and talk about how to get a loan for real estate.
Mortgage programs at Sberbank
Like many large banks, Sberbank today has several mortgage programs. Each of them has its own characteristics and is designed for borrowers with different wallet thicknesses and needs. Among them:
- purchase of housing under construction - from 6.5%;
- purchase of finished housing - from 8.5%;
- construction of a residential building - 9.7%;
- suburban real estate - from 9.2%;
- purchase of a garage or parking space - from 9.7%;
- with state support for families with children - from 5%;
- for maternity capital - from 6.5%.
Doesn't fit? See what mortgage rates VTB Bank offers.
Ways to reduce Sberbank mortgage rates
In addition, today the bank has several promotions on mortgage loans that allow you to reduce your interest rate.
1. Discount for Sberbank salary clients.
If you receive your salary on a RF SB card, you can count on a 0.5% discount.
2. Discount for a complete set of documents.
If you have provided proof of income and employment, then expect a 0.3% discount.
3. Discount for insurance.
If you take out life insurance, the rate will be 1% lower.
4. Discount for young families.
If one of the spouses is under 35 years old, the discount will be 0.4%.
5. 0.3% discount when purchasing an apartment on DomClick.
Valid for the purchase of a number of apartments selected on the DomClick portal. The reduction in mortgage rates for pre-verified apartments is 0.3 percent.
Sberbank: mortgage rates and conditions in 2020
Let's look at the current interest rates and conditions of Sberbank's mortgage programs in Moscow, St. Petersburg and in Russia as a whole.
1. Sberbank mortgage for new buildings
This mortgage program is intended for the purchase of an apartment, residential building or other residential premises under construction on the primary real estate market.
Conditions
> Duration: up to 30 years / up to 12 years as part of the program for subsidizing rates by developers;
> Down payment: from 10% (from 50% when issued using two documents).
> Min. amount: 300,000 rubles;
- 85% of the estimated value of another property registered as collateral.
Interest rates
Valid for Sberbank salary clients subject to life and health insurance of the borrower.
Allowances:
0.3% - with a down payment of up to 20% (not including the upper limit);
+ 0.5% - for clients who do not receive salaries via card or deposit account with Sberbank;
+ 0.3% - for clients who have not provided proof of income and employment, subject to a down payment of 50%;
Calculate your monthly mortgage payment
2. Sberbank mortgage for secondary housing
This Sberbank mortgage loan is issued for the purchase of an apartment, house or other residential premises on the secondary real estate market.
Conditions
> Duration: up to 30 years;
> Down payment: from 10% (from 50% for clients who have not provided proof of income and employment);
> Min. amount: 300,000 rubles;
> Max. amount: shall not exceed the lesser of the following:
- 85% of the contractual value of the residential premises being financed;
- 85% of the estimated value of the residential premises being loaned or otherwise registered as collateral.
Interest rates
For payroll clients subject to life and health insurance:
Allowances:
0.3% - when purchasing an apartment not selected on Domclick.ru, or an apartment not participating in the “0.3% Discount on Domclick.ru” promotion;
+ 0.4% - with a down payment of up to 20% (not including the upper limit);
+ 0.5% - if you do not receive your salary on a Sberbank card;
+ 0.8% - if you have not provided proof of income and employment;
+ 1.0% - if you refuse life and health insurance.
Not satisfied? See what rates Rosselkhozbank offers.
3. Sberbank mortgage on construction of a residential building
This mortgage loan is provided for individual construction of a residential building .
Conditions
> Duration: up to 30 years;
> Down payment: from 25%.
> Min. amount: from 300,000 rubles;
> Max. amount: must not exceed the lesser of:
- 75% of the contractual value of the residential premises being financed;
- 75% of the estimated value of the residential premises being loaned or otherwise registered as collateral.
Interest rate
9.7% per annum in rubles.
Allowances:
See also the terms of mortgage lending at Gazprombank.
4. Sberbank mortgage on country real estate
This loan is provided for the purchase or construction of a summer house (garden house) and other buildings for consumer purposes. You can also use the money to purchase land.
Conditions
> Duration: up to 30 years
> Down payment: from 25%
> Min. amount: from 300,000 rubles
> Max. amount: must not exceed the lesser of:
- 75% of the contractual value of the loaned property/estimated cost of construction and the contractual value of the land plot;
- 75% of the estimated value of the property being loaned or otherwise pledged as collateral.
Interest rates
For salary clients subject to life and health insurance:
9.2% per annum in rubles.
Allowances:
0.5% - if you do not receive a salary from Sberbank;
+1.0% - for the period before registration of the mortgage;
+1.0% - if the borrower refuses life and health insurance.
Not profitable? See what mortgage conditions Alfa-Bank offers today.
5. Sberbank mortgage on garage or parking space
This loan is provided for the purchase of a finished or under construction garage (or parking space). You can also spend money on individual construction of a garage, including at the same time purchasing the land on which it is located or will be built.
Conditions
> Duration: up to 30 years;
> Down payment: from 25%;
> Max. amount: should not exceed 75% of the contractual value of the loaned property / estimated construction cost.
Interest rates
For salary clients subject to life and health insurance:
9.7% per annum in rubles.
Allowances:
0.5% - if you do not receive a salary from Sberbank;
+1% - for the period before registration of the mortgage;
+1% - if the borrower refuses life and health insurance.
See the mortgage conditions at DeltaCredit Bank (Rosbank).
6. Mortgage with state support for families with children
This is a state mortgage support program for families in which a second or third child was born from January 1, 2018 to December 31, 2022. The loan can be obtained by citizens of the Russian Federation aged 21 to 75 years (at the time of loan repayment). Money is issued for the purchase of finished or under construction housing, including a house or town house.
Conditions
> Duration: from 1 year to 30 years;
> Down payment: 20%;
> Min. amount: 300,000 rubles;
> Max. sum:
- 12 million rubles in Moscow, Moscow region, St. Petersburg and Leningrad region;
- 6 million rubles in other cities and regions of Russia.
Interest rates
Valid subject to life and health insurance of the borrower.
5% per annum for the entire loan term
Allowances:
1% - if you refuse life and health insurance , in accordance with the requirements of the Security Council of the Russian Federation.
Life and health insurance of the borrower is a prerequisite for issuing a loan. Without this condition, the loan cannot be provided!
See mortgage rates at Promsvyazbank.
7. Mortgage in Sberbank under maternal capital
By purchasing finished or under construction housing on credit with the help of Sberbank, you can use maternity capital funds for the down payment or part of it. You can take out a mortgage from Sberbank using maternity capital to purchase finished or under construction housing.
Conditions
> Residential premises purchased using maternity capital must be registered as the property of the borrower / common shared property of the spouses and his / their children (optional);
> Clients who do not receive wages into an account opened with Sberbank, when applying for a loan, must provide documents confirming the financial condition and employment of the borrower / co-borrower / guarantor;
> Within 6 months from the date of issuance of the loan, you must contact the branch of the Pension Fund of the Russian Federation to transfer funds (part of the funds) of maternity (family) capital to repay the debt on the loan.
Required documents
In addition to the standard package of documents, in this case the following are additionally provided:
- State certificate for maternity (family) capital;
- A document (certificate, notification, etc.) from the territorial body of the Pension Fund of the Russian Federation on the balance of maternity capital.
How to get a mortgage at Sberbank
Today, Sberbank is trying in every possible way to simplify the process of obtaining mortgage loans through digitalization. All basic actions are proposed to be done on the bank’s official website:
- Submit an application through the bank's website;
- Choose an apartment in a new building or in the secondary real estate market;
- Complete the transaction by electronic registration.
The loan is provided in the branches of Sberbank of Russia in the following places:
- borrower registration;
- location of the property being financed;
- accreditation of the company - the borrower's employer.
The period for consideration of a loan application is from 2 to 5 business days from the date of submission of the full package of documents.
Who can get a mortgage
The requirements for borrowers at Sberbank today are simple and clear:
- Citizenship: Russian Federation.
- Age: from 21 to 75 years (at the time of full repayment of the loan).
- Experience: at least 6 months at the current place of work and at least 1 year of total experience over the last 5 years (does not apply to salary clients).
Documents for a Sberbank mortgage in 2020
To apply for a mortgage loan from Sberbank, you need to collect and submit a solid set of documents.
When confirming income and employment, you must provide:
- borrower/co-borrower application form;
- passport of the borrower/co-borrower with a registration mark;
- a document confirming registration at the place of stay (if temporary registration is available);
- documents confirming the financial condition and employment of the borrower/co-borrower.
If the client plans to apply for a mortgage without confirmation of income and employment (according to 2 documents), then he must bring to the bank the borrower’s application form, the borrower’s passport with a registration mark, as well as a second document confirming his identity (optional):
- driver's license;
- military personnel identification card;
- identification card of a federal government employee;
- military ID;
- international passport;
- insurance certificate of compulsory pension insurance.
Within 90 calendar days from the date of Sberbank’s decision to issue a mortgage loan, you will also need to submit:
- documents on the residential premises being loaned;
- documents confirming the presence of a down payment.
The mortgage loan will have to be repaid to Sberbank in monthly annuity (equal) payments. Partial or full early repayment of the loan is allowed.
Conclusions: is it profitable to get a mortgage at Sberbank?
SB RF is one of the leaders in mortgage lending in Russia. Sberbank's offers today have a number of advantages. These are, first of all, fairly low interest rates. A small down payment (from 10%) and convenient registration via the Internet on the website DomClick.ru can also be a plus. All this will allow many Russians who had previously thought about purchasing real estate to solve their housing problem, he believes expert of 10 Banks on mortgage products Igor Kuznetsov.
Contacts for information and consultations
Find out more about the terms and interest rates of a mortgage loan from Sberbank employees.
Official site:
Phones:
7 495 500-55-50 (for calls in Moscow),
900 (free call for mobiles within the Russian Federation)
Address:
Moscow, 117997, st. Vavilova, 19.
General license of the Bank of Russia No. 1481. The information is not a public offer and is presented for reference purposes.
