Mortgage conditions in the Savings Bank and features of its registration

The most popular desire among modern youth is the acquisition of their own real estate. However, an insignificant percentage of people can afford to buy an apartment at their own expense. Most are forced to turn to various financial institutions. The most profitable at the moment are the mortgage terms in Sberbank. They practically do not change over time. The institution offers its clients a really small interest rate, without a lot of hidden fees.

The terms of the mortgage in Sberbank

At the moment, any citizen of the Russian Federation can apply to Sberbank for a mortgage. The only restriction is the maximum amount of money to be issued. It should not exceed the threshold of 85% of the cost of housing, secured on bail.

Registration of such loans in Sberbank has the following advantages:

• The absence of a commission for the provision of a loan or the normal consideration of an application;
• Absence of obligatory life insurance of the borrower;
• Individual approach to each client;
• The possibility of obtaining a personalized plastic card.

Mortgage conditions in Sberbank: a package of documents

To purchase real estate within the framework of mortgage lending, the borrower must prepare two sets of documents. One is required when applying for money. It is on its basis that the banking organization will decide whether to issue or deny a mortgage program. The second package of securities is needed directly for the purchase of housing.

To submit documents to Sberbank, the borrower needs to collect the following documents:

• Certificate from the place of work (in the form of 2-NDFL);
• An extract or a copy of the work book;
• an identification number;
• Pension certificate ;
• Application for a loan (it is a kind of questionnaire);
• The passport of the citizen of the Russian Federation;
• Documents confirming the identity of the co-borrower or guarantor;
• A copy of the savings book with 10% of the cost of housing accumulated.

If you need to learn more mortgage terms in Sberbank, the loan calculator will help them calculate. However, in case of special financial difficulties of a personal nature, it is necessary to visit the nearest branch of the bank.

Mortgage conditions in Sberbank: how to facilitate payment

It should be remembered that the Russian Federation now has many programs that involve state assistance in obtaining and paying off mortgage loans. There are a number of benefits that can be expected by different sections of the population:

• Military mortgage;
• Program for young families;
• maternal capital;
• Governor's program.

All of them can significantly alleviate mortgage conditions in Sberbank and help to acquire decent housing for young people. At the moment, the policy of the Russian Federation lies in the direction of providing housing for all citizens who need it. Therefore before registration of the program it is necessary to take an interest, whether there is no possibility to receive a privilege or the state grant at registration of the credit.